Supporting entrepreneurs through the KCIC Green-Tech Accelerator Program
Over the years, the Kenya Climate Innovation Center (KCIC) has been supporting innovations in clean technology in order to adapt to climate change effects and spur green growth.
The KCIC Green Tech Accelerator program was launched in order to address rapid business growth of enterprises and make them investment ready through a raft of services including gap analysis, mentorship, investor pitch training and forums. The program targets businesses in the growth stage. It provides holistic business advisory services which are tailored to the fit the client’s needs. The program also comes in to address the organizational, operational and strategic gaps thus making the enterprise investment ready.
“The program is an opportunity for the businesses to interrogate their internal systems and highlight the challenges that would otherwise deter their growth,” noted Client Service Manager, Felix Magaju.
The program has four main components which include a needs/gap analysis exercise, strategy sessions, strategy implementation and investor forums after which the client is ready to graduate. The six months’ program is an avenue to provide advanced business advisory services, facilitate access to finance (debt and equity), provide customer acquisition support and facilitate for access to facilities such as testing, warehousing, fabrication, product certification, co-shared working space among others.
Towards the tail end of the program, the clients will be taken through an investor relations training. This will prepare them as they negotiate for equity or debt investments with investors. They will be supported to structure the relevant pitch decks that capture the essence of their business in the eyes of potential investors. KCIC will bring together the key players in the Kenyan investment space where the clients will seek investment deals to leverage their growth plans.
The second round of the mentorship program was launched today by Capital Strategies and will target 30 clients. The aim of this program is to support the clients in addressing the gaps in the structure, operations and business strategy by providing customized solutions.
By Mercy Mumo and Curtis Musembi