KCIC Launches the Third Phase of Its Operations
Kenya Climate Innovation Center (KCIC) will on Monday 28th October launch the third phase of its operations dubbed KCIC 3.0 in an event that will take place at Radison Blu Hotel in Upperhill, Nairobi. KCIC will be joined by delegations from different embassies, government ministries and county government leaders, various KCIC partners and clients, heads of corporate institutions and invited guests allied to KCIC.
The event marks the transitioning phase of KCIC towards becoming a market leader in sustainable development, incorporating more pillars within its program and expanding its space and collaborations in sustainable development. This phase includes the expansion of the Kenya Climate Ventures and the launch of KCIC Consulting, Center for Corporate Sustainability and Special Projects Units among other sectors.
The Kenya Climate Ventures (KCV) is an implementation vehicle for KCIC 3.0. KCV continues to fund the enterprises in the clean tech space which will create positive environmental and climatic impacts. The key support from KCV includes: Early Stage Investment, Enterprise Development, SME and Start-ups Investment and Portfolio Management.
KCIC 3.0 will also be seeking to expand their thematic areas from the traditional three: Agribusiness, renewable energy and water management and shall be admitting clients innovations around commercial forestry and waste management. With the launch of KCIC 3.0, the number of clients admitted per year is set to increase while the admission will be done in two cohorts; January and July admission cohorts.
Considering the need and demand for providing quality consultancy, KCIC 3.0 will be setting up the KCIC Consulting Limited as a for-profit company. The services offered by KCIC Consulting will include: Climate change advisory, enterprise development, project management, resource mobilization and Monitoring and Evaluation (M&E). The geographic focus on the consultancy services shall be Africa. The business shall be set up in Kenya and all operations managed from Kenya.
Read also: About the Kenya Climate Ventures
KCIC 3.0 will also be setting up the Center for Corporate Sustainability (CCS) in partnership with Strathmore University. CCS is designed to support companies and organizations realize specific targets outlined by the Sustainable Development Goals (SDGs). The center shall be housed in Strathmore University.
KCIC 3.0 has also set up a Special Projects Unit that will be responding to unique needs and manage projects with high impact leveraging on KCIC expertise and experience. This shall enable KCIC to respond the market needs and demands immediately.
Kenya Climate Innovation Center (KCIC) was launched in 2010. It has been a World Bank's infoDev initiative and is among a global network of Climate Innovation Centers launched by infoDev's Climate Technology Program (CTP). From 2016 to 2020, KCIC has been scaling up and admitting more clients. It has also expanded our interventions with the key focus being our clients and the launch of the Kenya Climate Ventures.
By Solomon Irungu