The Enel Group through its renewable energy subsidiary, Enel Green Power, has signed a cooperation agreement with Switzerland-based group Seedstars World SA for the establishment of the Africa Energy Track challenge.
The Group stated that the competition is aimed at identifying innovative start-ups in the field of electricity access in Africa within the framework of the Seedstars World start-up competition.
Africa Energy Track challenge
According to the Italian energy company, the project’s goal is to enhance technology and entrepreneurship in sub-Saharan rural areas.
This will bring innovative energy solutions focused on electric mobility, storage, distributed generation and energy efficiency, thereby tackling UN Sustainable Development Goals, especially SDG7 – ensuring affordable and clean energy for all.
Head of Enel Green Power, Antonio Cammisecra, commented: “Seedstars’ expertise and programs match Enel’s commitment to opening up to new, pioneering startups, seeking innovative solutions to energy and sustainability challenges.”
“Through this partnership, Enel has the opportunity to gain access to the most innovative companies taking a step forward in the search for new, disruptive business models that can foster socio-economic development in rural Africa,” Cammisecra added.
Through this partnership, Enel will gain exclusive access to Seedstars’ regional competitions in Africa, which will consist in over 20 different local events with the participation of start-ups from various sectors evaluated by juries in the energy field.
Winners from the local events will move on to the Regional Summits, with Enel selecting at least one start-up in the energy field.
The selected winner will enter a three-month growth and acceleration programme, which includes a financial contribution, provided by the start-up competition group. Read more…
Enel explained that through its participation in this project, aims to identify companies that can help to foster socio-economic development in rural villages in sub-Saharan Africa through electrification.
The Africa Energy Track challenge will help identify innovative and disruptive business models focusing on electrifying remote rural regions and on the creation of related income-generating activities, the Group concluded.