IDEA Africa Partners With Founder Institute, Hosts CAAF24 In Nigeria

IDEA Africa is set to host the Climate Action Africa Forum 2024 (CAAF24) Deal Room, in partnership with Climate Action Africa and Silicon-Valley based Founder Institute,

This forum is in a move that underscores its commitment to fostering African climate tech entrepreneurship.

The Executive Director of IDEA Africa , Ifedy Eze stated that the strategic collaboration scheduled for June 19 in Lagos State, Nigeria underscores IDEA Africa’s pivotal role in advancing innovation across the African continent, with a focused emphasis on the crucial area of climate technology.

Eze emphasized the transformative potential of the Deal Room, stating, “This platform offers a gateway for African entrepreneurs to showcase their innovations to a curated audience of investors who are eager to support and scale sustainable innovations.

“It is important to note that the event is not a competition for pitches or prizes but one aimed at fostering meaningful connections. The focus is on nurturing dialogue and partnerships that can lead to tangible investment and support for projects, aligning perfectly with IDEA Africa’s vision for sustainable development. Additional investors interested in participating are encouraged to join this dynamic and impactful event.

“The Deal Room will serve as the centerpiece of CAAF24, providing a premier platform for African climate tech startups to engage with investors and stakeholders alike. With IDEA Africa’s distinguished expertise, this initiative seeks to catalyze groundbreaking investments in climate solutions, positioning Africa as a leader in sustainable innovation.

“IDEA Africa is a pioneering force in fostering entrepreneurship and innovation across Africa. Through transformative programs and strategic partnerships, IDEA Africa endeavors to unlock the full potential of African entrepreneurs, driving sustainable economic growth and social impact.”

Eze added that IDEA Africa’s unparalleled influence in driving entrepreneurial excellence makes them an invaluable partner in this endeavor as they aim to cultivate a vibrant ecosystem that empowers African startups to address pressing climate challenges.

The Director of the Founder Institute, Andrew Crawford, underscores the strategic significance of the Deal Room, stating, “The Founder Institute is proud to support this innovative platform that brings together the brightest minds and the most passionate investors in the climate tech space. The goal is to catalyze impactful investments that can propel these startups to global success.

“The Founder Institute is the world’s premier pre-seed startup accelerator, renowned for fostering innovation across six continents. With a proven track record, the Founder Institute has contributed significantly to the global startup ecosystem, catalyzing over $1.5 billion in funding for over 5000 companies.”

On her part, Grace Oluchi, Executive Director of Climate Action Africa, expressed her excitement for the event and the invaluable opportunities it presents, affirming, “The Deal Room at CAAF24 is more than just a meeting place—it’s a launching pad for the next generation of climate solutions. Climate Action Africa in partnership with IDEA Africa is excited to facilitate these critical connections that can lead to significant environmental and economic impacts across Africa”.

“Climate Action Africa is a leading organization dedicated to driving climate action and sustainability across the African continent. Through strategic partnerships and innovative initiatives, Climate Action Africa empowers communities, businesses, and governments to address climate challenges and build a resilient future,” Oluchi said.

Distinguished investors participating in the Deal Room include the African Development Bank (AfDB), Nigeria Sovereign Investment Authority (NSIA), The Catalyst Fund, Africa Enterprise Challenge Fund (AECF), and more. Their participation underscores the event’s significance and the potential for substantial investment opportunities in Climate Change. The session will facilitate financing for solutions contributing to the growth and sustainability of Africa’s green economy.

Meanwhile, the organisers who gave more details on participation in the Deal Room and the Climate Action Africa Forum 2024, urged interested citizens to please visit https://deal.caaf.africa/

Olusola Akintonde