Deadline: May 10, 2024
Applications for the Village Capital Greentech Africa 2024 are now open. Greentech 2024: The Future of Sustainability is an investment-readiness accelerator designed to advance innovative and sustainable solutions, actively contributing towards building resilience and mitigating the effects of climate change.
Supported by Moody’s Foundation, the Africa program will prioritize diverse-led startups and/or startups from Egypt, Kenya, Nigeria, Senegal, and South Africa, that promote sustainable solutions for underestimated communities.
They are looking for solutions in the following areas:
- Cleantech and Climate Tech: These are solutions leveraging technology to address climate change, reduce environmental damage, or improve the environmental quality of polluted natural resources. Examples include: renewable energy, alternative mobility, carbon capture, bio-based plastics, and alternative fuels.
- Agtech and Food Security: This includes companies using technology to address healthy nutrition, improve efficiency, increase yields, reduce costs, and boost sustainability in agriculture and agricultural practices. Examples include: precision agriculture, automated equipment, smart greenhouses, livestock management, biotechnology, and vertical farming.
- Circular and Regenerative Economy: Companies innovating using technology to minimize waste, pollution, and greenhouse gas emissions through sustainable use of natural resources. Examples include: waste management, sustainable fashion, circular solutions in construction, biodegradable packaging, and bioenergy from animal waste.
- Natural Resource Management: Companies leveraging technology for sustainable and responsible management of land, water, air, and wildlife. They will also focus on creative solutions addressing challenges around degraded land, deforestation, loss of habitat, loss of biodiversity, displacement, and endangerment of species. Examples include: reforestation, agroforestry, wildlife conservation, and using drones, AI, and remote sensing for monitoring and threat identification.
- Water, Sanitation, and Health: These are tech-based companies creating solutions to improve access to clean water, sanitation, hygiene, good health, and well-being. Examples include safe drinking water, wastewater treatment, improved sanitation, and universal health coverage.
Benefits
- Continued learning: Join interactive sessions tailored to help your startup identify early milestones and prepare for your next round of capital.
- Mentorship: Opportunity to meet with and receive mentorship from prominent investors, potential strategic partners, customers, business leaders, and other founders.
- Financial Advice: Access to an investment analyst who will coach you one-on-one on building a financial model, identifying unit economics, and using financial metrics to drive both business and investor diligence.
- Exposure: Exposure to Village Capital’s program website and other communications collateral.
- Connections: Build deep connections with other founders in your cohort and the larger Village Capital investor and alumni network. Participate in investor and stakeholder forums with representatives from relevant institutions, corporations, and investors.
Eligibility
- Must be a for-profit entity with legal incorporation and operations in at least one of these African countries: Egypt, Kenya, Nigeria, Senegal, and South Africa.
- Have a market-based tech solution that tackles the above-listed challenges in Egypt, Kenya, Nigeria, Senegal, and South Africa.
- Be in compliance with local fiscal and business law.
- Have at least a minimum viable product (MVP), some traction under their belt, and raised less than USD 1M in equity.
- Have meaningful customer or business validation (not limited to revenue, it can also be successful pilot studies, number of users, and/or strategic partnerships).
- Have at least one full-time founder based in Egypt, Kenya, Nigeria, Senegal, or South Africa.
Application
For more information, visit Greentech Africa.
