Climate technology gets Kenyan hub
Innovators and entrepreneurs working to develop climate technologies will now find support from Kenya’s new Climate Innovation Centre (CIC).
The centre, a USD15 million orld Bank-infoDev initiative, has been officially opened at the Strathmore University Business School building in Nairobi.
Designed to support the development and scale of locally relevant climate technologies in Kenya, the CIC is funded by UK Aid and DANIDA. The Kenya CIC provides incubation, capacity building services and financing to Kenyan entrepreneurs and Small- and Medium-sized Enterprises (SMEs) who are developing innovative climate mitigation and adaptation solutions.
The Kenya CIC is expected to support up to 70 sustainable climate technology ventures in the first five years, and aims to generate 4,600 direct and over 24,000 jobs in total within ten years.