Pozible Announces Partnership With GVEP For Crowd Power Initiative

Earlier this month, crowdfunding platform Pozible announced it formed a partnership with GVEP and with its initiative, Crowd Power, which is described as a three-year program to stimulate, develop and learn from crowdfunding of renewable enterprises in sub-Saharan Africa and Africa.

Pozible 2The funding portal noted:

GVEP is committed to supporting projects and groups that provide energy access to off-grid communities. In association with Pozible, organisations will be able to raise up to $30,000 more for their projects, and GVEP will commit up to $300,000 altogether to develop and support ideas for energy efficiency and stability in ‘off-grid’ countries.”

Pozible noted GVEP is ready to provide direct financial support to crowdfunding campaigns that are aimed towards the developing sustainable and energy efficient technologies in developing regions. These technologies include:

  • Solar: Charging, water, lighting, agriculture
  • Cookstoves: Institutional and household
  • Biogas: Units, tanks and stoves
  • Biomass: Briquettes and gasification
  • Wind
  • Smart metering
  • Minigrids: Wind, solar, hybrid
  • Battery systems

PoziblePozible explained that funds raised through the campaigns can be used to cover new inventory costs, administration expenses, research and development, product pilots and giveaways, and staff training:

GVEP is committing to contribute financially once a project has successfully raised funds through Pozible. Depending on approval, they will commit a minimum of $1,500 (or 10% of the campaign total) to a maximum of $30,000 (or 50% of the campaign total).”

To be eligible, campaigns must do the following:

  1. Campaign target is between $3,000 and $300,000
  2. Project is focussed on renewable energies, energy efficiencies, and low carbon technologies
  3. The project’s outcomes are based in Asia (Afghanistan, Bangladesh, Burma, Kyrgyzstan, India, Nepal, Pakistan, Tajikistan, Vietnam) or Sub-Saharan Africa (Democratic Republic of Congo, Ethiopia, Ghana, Kenya, Liberia, Malawi, Mozambique, Nigeria, Rwanda, Sierra Leone, Somalia, Sudan, South Sudan, Tanzania, Uganda, Zambia, Zimbabwe.)

 


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