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.
The 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
Pozible 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:
- Campaign target is between $3,000 and $300,000
- Project is focussed on renewable energies, energy efficiencies, and low carbon technologies
- 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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