<h4>Ten Startups Receive</h4>
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<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a> </strong>reports that the BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) are thrilled to announce the selection of ten innovative, future-looking startups as part of the Africa Blue Wave and Regen Wave initiatives.</p>
<p>Each startup is set to receive $55,000 in funding, to advance their solutions for the blue and green economy in Africa.</p>
<p>Recognizing the wealth of ideas and the potential of Africa&#8217;s young innovators, BFA Global, FSD Africa, and the IUCN launched the Africa Blue Wave and Regen Wave initiatives to unlock solutions for Africa’s blue and green economies.</p>
<p>These Waves were implemented by TECA (Triggering Exponential Climate Action), an initiative of BFA Global, with support from OceanHub Africa and funding from FSD Africa and the Canadian Government.</p>
<figure id="attachment_25716" aria-describedby="caption-attachment-25716" style="width: 300px" class="wp-caption alignnone"><img class="size-full wp-image-25716" src="https://openlife.ng/wp-content/uploads/2024/07/images.jpg" alt="Ten Startups Receive $55,000 Funds To Advance Solutions For Blue And Green Economy In Africa {Full List} " width="300" height="168" /><figcaption id="caption-attachment-25716" class="wp-caption-text"><em><strong>BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) behind $55,000 Funds To Advance Solutions For Blue And Green Economy In Africa</strong></em></figcaption></figure>
<p>Through a fellowship program, the Waves supported founders in creating solutions that promote sustainable livelihoods, the use of ocean and freshwater resources, and the restoration and regeneration of landscapes.</p>
<p>The fellowship culminated in a final pitch day, during which founders presented their solutions to a group of advisors, industry experts, and peers.</p>
<p>Founded in seven African countries —<a href="https://www.vanguardngr.com/"> Kenya, Madagascar, Mozambique, Nigeria, Rwanda, South Africa and Tanzania &#8211;</a> the startup ideas were rigorously evaluated and chosen for their innovative approaches to addressing critical challenges in the fish trade, environmental pollution, renewable energy certification, eco-friendly fertilizers, waste reduction and management, clean cooking, cold storage and sustainable drainage solutions. Notably, 50% of the selected startups are women-led companies.</p>
<p><em><strong>“We are proud to support these visionary entrepreneurs who are tackling some of Africa&#8217;s most pressing environmental and climate-change-related challenges. </strong></em></p>
<p><em><strong>&#8220;The diversity and ingenuity of these startups reflect the continent&#8217;s potential for sustainable development. With the funding and support provided, we are confident they will drive significant positive change in their communities and beyond,”</strong></em> said Rasima Swarup, TECA Director, BFA Global.</p>
<p><strong>The selected startups and the solutions they are developing include:</strong></p>
<p><em>ARK [Kenya]: facilitating new revenue streams for renewable energy projects by assisting them to enter the market and trade international renewable energy certificates.</em></p>
<p><em>Eco Guardian [Rwanda]: developing a digital device and service for environmental pollution monitoring.</em></p>
<p><em>Khwezi Innovations [South Africa]: creating a biodegradable, 2-in-1, hand glove sanitizer.</em></p>
<p><em>Mada Fia [Madagascar]: utilizing Japanese techniques (Himono) and establishing a marketplace for drying and smoking fish.</em></p>
<p><em>Lima Aja [Rwanda]: specializing in organic fertilizer production in Rwanda, utilizing IoT sensors to create pH-correcting fortified organic fertilizers for smallholder farmers.</em></p>
<p><em>PETsPoint [Nigeria]: providing a digital platform enabling both formal and informal waste collectors to efficiently manage recyclable waste collection.</em></p>
<p><em>Plas Tech [Kenya]: converting plastic waste into safe cooking gas, offering a more climate and forest-friendly cooking energy source.</em></p>
<p><em>Samaking [Kenya]: establishing a chain of franchisable and tech-enabled fish retail shops, combined with upstream capabilities to aggregate produce from farmers and fisherfolk at scale.</em></p>
<p><em>Sunwave [Tanzania]: designing and manufacturing solar-powered ice makers for fish storage.</em></p>
<p><em>Xi Bassile [Mozambique]: providing sustainable drainage solutions with its Bioswale and Planter Box technology by utilizing soil, plants, repurposed solid waste, and biomaterials to filter and retain stormwater, thereby mitigating flooding and improving water quality.</em></p>
<p><em><strong>“Africa’s talent is at the heart of a successful green transition on the continent. It is an honor to work alongside our partners to support innovators who are working towards solving critical climate challenges.</strong></em></p>
<p><em><strong>&#8220;The 10 selected startups have the potential to significantly improve the lives of climate-vulnerable communities while maintaining biodiversity, reducing waste and improving climate outcomes. </strong></em></p>
<p><em><strong>&#8220;We look forward to walking alongside them as their journeys unfold,” said Mary Kashangaki, Assistant Manager for Digital Innovation, FSD Africa.</strong></em></p>
<p><em><strong>“The triple planetary crisis is not waiting for us. It&#8217;s up to us to catch up and turn things around.</strong></em></p>
<p><em><strong>&#8220;Unleashing the regenerative potential of our economic engine represents the best chance for the world to address this crisis at both the scale and speed required. </strong></em></p>
<p><em><strong>&#8220;The Africa Blue Wave and these startups are the perfect illustration of how to walk the talk and represent an incredible source of blue hope for the continent and beyond!”</strong></em> stated Thomas Sberna, Regional Head, Coastal and Ocean Resilience, IUCN Eastern and Southern Africa.</p>
<p>These startups represent a diverse group of entrepreneurs who are poised to make significant contributions to Africa&#8217;s blue and green economies.</p>
<p>The funding provided will enable them to further develop and scale their solutions, driving positive change in their respective sectors while promoting environmental sustainability.</p>
<p>TECA and OceanHub Africa will offer hands-on venture-building support and connections to investors, advisors and support networks to progress their solutions.</p>
<figure id="attachment_18607" aria-describedby="caption-attachment-18607" style="width: 300px" class="wp-caption alignnone"><img class="size-medium wp-image-18607" src="https://openlife.ng/wp-content/uploads/2022/12/Africa_orthographic_projection.svg-300x300.png" alt="Ten Startups Receive $55,000 Funds To Advance Solutions For Blue And Green Economy In Africa {Full List} " width="300" height="300" /><figcaption id="caption-attachment-18607" class="wp-caption-text"><em><strong>Africa Continent</strong></em></figcaption></figure>
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