The Powering Livelihoods jury has selected cleantech enterprises for the initiative on the basis of parameters such as innovation, business model feasibility, scalability, social impact, human resources, and product development stage. Powering Livelihoods aims to meet the unique needs of selected enterprises through dedicated financial, technical, and sectoral growth support.
Support of up to USD 250,000 to bridge the gaps faced by the enterprise at commercialisation stage. It is not intended to cover regular business expenses, but is aimed at driving commercial deployments at scale.
Up to USD 100,000 worth of technical assistance to bridge enterprise-specific need gaps, and delivered through strategic partnerships.
Up to USD 150,000 worth of sectoral growth support to generate knowledge and evidence to unlock support at the sectoral level. Showcasing and leveraging enterprise success to drive sectoral growth.
(all numbers are indicative)
Capital Support
Conditions precedent
Timeline
Deployments: 50 – 100 per quarter
Annual revenue: USD 30k – 60k
Operating in one geographic region
$40,000
Due diligence completed. All requested documents submitted
Kick-off
$75,000
Detailed 3-year business plan and financial model. 10% deployment completed. Component manufacturer on-boarded. Go-To-Market/market linkage established. One key hire done
6 months
$50,000
40% deployment completed. Cumulative revenue USD 75k. Metrics collection mechanism set up and operationalised. All hiring completed
12 months
$50,000
100% deployment completed. At least USD 150k revenue realised. First set of project & impact metrics submitted. Strong interest from at least one each of equity and debt funder
18 months
$35,000
At least 400+ leveraged sales per quarter as part of commercial deployment, with a revenues of USD 250k. One equity funder signed up. All project & impact metrics submitted
24 months
Deployments: 300 – 350 per quarter
Annual revenue: USD 200k – 300k
Operating in at least two geographies