Africa Funded investigated opportunities to scale up businesses in sanitation, circular economy and mobile for sanitation. In September it will be announced which ventures will be selected for an accelerator program.
Africa Funded was recently approached by a group of multinationals to investigate opportunities to scale up sanitation related businesses (fecal sludge to energy / fertilizer / flying foods, "circular economy") and mobile for sanitation business models. The "Toilet Board Coalition" initiative was started by Unilever and consists of like minded members as Kimberly Clark, Lixil, DFID, Firmenich, USAID and others.
Over the last two monts Africa Funded screened 24 companies and investigated readiness to scale, viability of the plans and how co-creation and cross selling opportunities can be mutual beneficial for multinationals and the entrepreneurs implementing innovative business models in developing countries. We tapped into the expertise of our partners Aqua for All (water/sanitation), WASTE (sanitation) and eVentures (mobile/ICT) to fulfill this assignment.
Last week we presented our results in London to the board of the Toilet Board Coalition. In September it will be announced which ventures will be selected for an accelerator program and tap into the expertise, networks and funding opportunities of these mulitnationals to scale their business.
Also see the Toilet Board Coalition website.