Green Innovations Challenge Summary
The Green Innovations Challenge forms part of GrEEn’s objective of supporting entrepreneurs and green SMEs to increase their operations.
For the 2021 Green Innovations Challenge edition, a total of up to EUR 25,000 per SME will be awarded in the form of matching grants to 8 selected SMEs.
Objectives of the Green Innovations Challenge
- Promote the green and circular economy in Ghana
- Promote green product/service innovation
- Contribute to the creation of green jobs whilst strengthening the business skills of green entrepreneurs
- Improve access to the market for green products by highlighting and showcasing green businesses and SMEs and supporting the operations and sustainability of green SMEs
The GrEEn Innovation Challenge will have the following key elements:
- Matching grants will be awarded as co-investments through a competitive process
- Provide up to €25,000 of the total required investment for the proposed initiatives on an 80:20 basis
- Investment size will depend on the level of innovation, commercial viability, environmental and social impact potential of the selected initiatives
Green Innovations Challenge Eligibility criteria
- The solution must be economically viable either in the form of a social or for-profit business
- The solution must have a positive impact on the climate, environment and community
- SMEs must be located in the Ashanti or Western Regions or have operations in the regions (for instance as a source of input or with an operational office). SMEs must have been operating in the Ashanti or Western regions for at least a year
- The solution must be in the Water, Sanitation and Hygiene (WASH), Renewable Energy and Energy Efficiency and/or Agriculture sectors
- The solution must have been developed and ready to go to market (at least a working prototype or demo) or already on the market with existing customers
- The lead entrepreneur must be between 18-35 years. Women entrepreneurs can be older than 35 but no older than 40 years
- Priority will be given to businesses led by women-led and/or returning migrants
- The GrEEn Challenge Fund will contribute up to €25,000 of the funds needed for the proposed initiative for eight (8) SMEs
- The SMEs will co-invest on a 20:80 basis with cash and in-kind contributions
- The SMEs are required to have at least 10% equity as their co-investment. Any in-kind contribution must be specific and directly related to the project
- The cash contribution can be recently procured direct capital expenditure (equipment, physical assets etc) or project operational expenses
- Ashanti and
- Western regions
The application process is as follows:
- Apply for the Green Innovation Challenge through its online application portal here.
- Complete the online application by sharing a link to a 30 seconds (max) video/demo of the business/solutions to firstname.lastname@example.org before submitting your online application. Video can be uploaded to an accessible cloud drive or on YouTube
Sunday, 18 July 2021 at 23:59 GMT.
SNV is a not-for-profit international development organisation that makes a lasting difference in the lives of people living in poverty by helping them raise incomes and access basic services. We focus on only three sectors and have a long-term, local presence in over 24 countries in Asia, Africa and Latin America. Our team of more than 1,300 staff is the backbone of SNV.
We lift up incomes and access to basic services
We make a lasting difference in the lives of people living in poverty, helping them raise incomes and access basic services. Driven by the Sustainable Development Goals, we are dedicated to a society in which all people are free to pursue their own sustainable development and no one is left behind. This commitment to equity directs us to focus on gender and youth.
We apply our know-how to deliver results at scale
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We apply practical know-how to support people living in poverty. By connecting our global expertise with our extensive and longstanding in-country experiences, we help realise locally owned solutions. And we do so in more than 24 countries worldwide.
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We are experts in agriculture, energy, and water, sanitation and hygiene (WASH). Our services include advice, brokering and stakeholder engagement, advocacy, fund management, results-based financing and delegated management.
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Our projects directly benefit millions of people. At the same time, our projects also drive systems change – strengthening institutions and kick-starting markets to help many more people work their way out of poverty, well beyond the scope of projects.
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