Innovation Commercialization Grant
Innovation
Commercialization Grant
Project Title:
Project Description
Through this project NETFUND has been the grant
administrators to 12 innovators so far who were competitively selected under
the Kenya National Innovation Agency (KENIA’s) National Innovations Award
Program.
The program awards innovators with seed grants to
commercialize their innovations. The grant enables innovators to scale up their
inventions through certification, licensing, patenting, purchase of necessary
machines and improvement in marketing strategy, for example, branding.
With the aim of commercializing 12 projects representing
bottom of the pyramid under the KENIA- NETFUND grant partnership, the objective
of this project is to nurture and support green innovations that address
environmental challenges
The project is aligned, and contributes to the following SGDs:
1, 2, 3, 6, 7, 9, 11, 12, and 13. It is
also aligned to the priority sectors of the key MEAs; UNFCCC, BIODIVERSITY,
Drought. Further, it helps realize the development agenda set out under the “Social
and Economic Pillar” of the Kenyan Vision 2030 and the BIG 4 agenda.
QUICK FACTS
Project
Donor
Kenya National Innovation Agency
Budget
Euros
4 Kes.
32.74 million
Thematic Area
Waste
Management; Clean Energy; eMobility
Project Duration
2 Years
project outcomes
Project
Activities
Grant
administrators to the awarded innovators ·
Provision
of technical and business support services ·
Linkages
to growth opportunities i.e., market, financial and technical
Project
Accomplishments
12
innovators supported with technical and business support as well as grant
administration.
8 innovators enabled to fully commercialize
their products
200 clean energy jobs created through the
supported innovations
100 tons of waste have been recycled thus far