Since the start of full business incubation services in June 2017, 32 businesses incubated by the Ghana Climate Innovation Centre during the 18 months from June 2017 and December 2018 have cumulatively generated over US$1,000,000 in revenue, and in the same period created 70 new jobs.
This is an achievement that all GCIC cohorts, the Centre’s donors, as well as the wider GCIC community can be proud – especially given that the businesses are start-ups operating inthe small and growing business sector.
Ghana CIC’s mission is to develop and support an exceptional set of transformational ventures and entrepreneurs which are pioneering adaptive and mitigating solutions for climate change issues in Ghana, focusing on five key economic sectors (energy-efficiency & renewable energy; solar power; climate smart agriculture; domestic waste management; water management and purification).
Grossing over US$1 million in revenue did not come on a silver platter, but can be attributed first and foremost to the resilience and the commitment of GCIC’s entrepreneurs in taking their various green enterprises to the next level. This success is also a demonstration of how businesses can flourish when given responsive incubation support services – including premium advisory services, technical support services, market growth and access services, as well as proof of concept grants Conceptualised seamlessly, all the interventions in GCIC’s bouquet of services have been designed to support and grow the mindset, toolset, and skillset of all participating entrepreneurs and their team-members, as well as ensure the growth and upscale of their enterprises.
The Ghana Climate Innovation Centre (GCIC) is a pioneering business incubator whose objective is to support entrepreneurs and ventures involved in developing profitable and locally-appropriate solutions to climate change mitigation and adaptation in Ghana. The Centre’s key focus is on building businesses operating within the areas of energy-efficiency, domestic waste management, solar energy, water supply management and purification, and climate-smart agriculture. GCIC is part of the World Bank Group’s infoDev Climate Technology Programme.
Supported by the governments of Denmark and the Netherlands, the Centre is managed by a consortium led by the Ashesi University College and includes Ernst & Young, SNV Ghana, and the United Nations University Institute for Natural Resources in Africa.