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🇳🇬 Nigeria /Energy & Infrastructure

All On Launches Program to Accelerate Clean Energy Start-ups in Nigeria

From ThisDay · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • All On has launched a 12-month program to support clean energy start-ups and entrepreneurs in Nigeria.
  • The initiative will provide venture creation training, technical guidance, mentorship, and access to facilities for 10 participating entities.
  • The program aims to address a critical gap in early-stage support for clean energy ventures, helping them develop viable solutions.

All On, an off-grid energy impact investment company, has launched the Innovation Ecosystem Development Programme (AO-IEDP) in Port Harcourt, Rivers State. This 12-month initiative is designed to accelerate the growth of clean energy start-ups and entrepreneurs across Nigeria.

While access to capital remains important for growing energy businesses, many early-stage ventures require more than funding to turn an idea into a viable solution.

— Caroline EboumbouExplaining the need for the AO-IEDP program

The program aims to address a critical gap in Nigeria's clean energy ecosystem by supporting promising ventures during their ideation and prototype development stages. According to Caroline Eboumbou, CEO of All On, 10 participating entities will receive comprehensive support, including venture creation training, technical guidance, mentorship, and access to essential equipment and fabrication facilities.

Innovation does not happen simply because someone has a good idea. It takes the right environment, the right technical support and the opportunity to build, test and learn iteratively in the right conditions.

— Caroline EboumbouHighlighting the importance of practical support for innovation

Eboumbou emphasized that while access to capital is crucial, early-stage ventures often require more than just funding. "Innovation does not happen simply because someone has a good idea. It takes the right environment, the right technical support and the opportunity to build, test and learn iteratively in the right conditions," she stated.

With the All On Innovation Ecosystem Development Programme, we are addressing an important gap in the journey of early-stage clean energy ventures by giving entrepreneurs the practical support they need to move their ideas closer to real-world solutions.

— Caroline EboumbouDescribing the program's objective

The AO-IEDP will provide entrepreneurs with the practical support needed to transform their ideas into viable solutions. Muhammad Wakil, Country Director for Nigeria at the Global Energy Alliance for People and Planet, echoed this sentiment, noting that ideas can only become successful businesses when entrepreneurs have access to facilities for building and testing their concepts. The partnership with GEAPP is expected to strengthen the pipeline of businesses contributing to Nigeria's clean energy transition.

ideas could only become viable businesses when entrepreneurs had access to facilities where they could build and test their solutions.

— Muhammad WakilSupporting the program's focus on practical development
About this summary

Originally published by ThisDay in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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