Seedstars & Enel Announce Partnership To Create The Africa Energy Prize
Partnering with Enel will give Seedstars a unique opportunity to reward tech startups striving to tackle the African continent’s energy challenges.
The energy sector of sub-Saharan Africa is not yet able to meet the needs and aspirations of its citizens, with almost 600 million people lacking access to electricity. Only seven countries — Cameroon, Côte d’Ivoire, Gabon, Ghana, Namibia, Senegal and South Africa — have electricity access rates exceeding 50 percent. The rest of the region has an average grid access rate of just 20 percent. We believe this challenge is surmountable and the benefits of success are immense, as increasing access to reliable energy can turbo-charge economic growth in sub-Saharan Africa which is already home to several major energy producers, including Nigeria, South Africa and Angola.
The use of modern renewables is growing in Africa, and fostering this growth is imperative as African countries are in a unique position: they have the potential to leapfrog the traditional centralised-utility model for energy provision. This partnership allows us not only to seek the new breed of “solar-preneurs” who have identified renewable power as the solution, but also to support them in deploying modern renewables to eliminate power shortages, bring electricity and development opportunities to rural villages that have never enjoyed those benefits and support sustainable growth for increased prosperity across the continent.
Seedstars World – a global startup competition, discovering and connecting the most promising seed-stage startups of the emerging world – will be seeking out the most promising energy entrepreneurs on the continent, while Enel, through its renewable energy division Enel Green Power, will contribute with its expertise as global power utility fully committed in boosting innovation and sustainability in the energy sector. Together we have the opportunity to strongly support the growth of African energy startups.
ABOUT ENEL Group
ENEL Group is a global power company and one of the leading players in the world’s power and gas markets with a commitment to sustainable development in more than 30 countries throughout Europe, North America, Latin America, Africa, Asia and Oceania. In sub-Saharan Africa, Enel is present in South Africa through Enel Green Power RSA, which has more than 520 MW of wind and solar plants in operation, and Enel Energy South Africa, which provides innovative energy solutions to residential and business clients. In Zambia, the Group was awarded the 34 MW Ngonye PV solar project in the country’s Scaling Solar programme auction in June 2016.
Seedstars is a global organisation with a mission to impact people’s lives in emerging markets through technology and entrepreneurship.
We roam the globe to connect with the digital changemakers of the emerging world shaping a new wave of social change. Our teams tread on the entrepreneurial arena across five continents, breaking stories about startups set upon defying the status quo. Our target represents 85% of human population, the opportunities encompass billions of lives, the scope of impact is infinite.
We invest in people, we connect teams, we encourage risk. We empower entrepreneurial spirits to swim against the tide. Join us online or in person at our events anywhere around the globe. Join us as we seek to impact billions of lives in emerging markets.
|Application deadline||December 1|
|Program dates||April 1 - April 8, 2018|
|Organizer||Seedstars World Competition Organizer|
|Sectors||Agribusiness, Creative, media and entertainment, Education, Financial services, Healthcare, Leisure and travel, Transport and logistics, Water, sanitation and hygiene|