GreenTec’s Anandha Ponnampalam speaks at COP26 Panel

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Frankfurt (Germany) and London (England), November 2021. GreenTec Capital is pleased to share that Anandha Ponnampalam, its Chief Technology Officer, participated in a panel as part of the COP26 UN Climate Change Global Innovation Hub Pavillon.  The hybrid in-person & virtual panel was focused on climate entrepreneurship ecosystems in African cities, and was hosted by EIT Climate KIC International Foundation, GIZ, and Irish Aid.  

The session was moderated by Mr. Ola Tillman and featured Sara Fakir of ideiaLab, Ruka Sanuzzi of the Ghana Climate Innovation Centre, Gracia Munganga COO of Sustain Solar, and our very own Anandha addressing topics related to the panel’s topics. In the course of stimulating discussions Mr. Tillman asked Anandha what does GreenTec look for in potential entrepreneurial partners.  He referred to GreenTec’s POEM framework that has five pieces. “It begins with vision, and is followed by Proposition, Organisation, Economics and Milestones,” said Anandha.  He explained in detail how GreenTec evaluates every potential, start-up investment by gathering data-points on these topics, and creating action-steps to take with chosen start-ups. Among the important points for evaluation, Anandha stressed the importance of the start-ups contributing to the UN’s SDGs.

When asked for an example of a technological solutions in the GreenTec portfolio, Anandha mentioned Powerstove and Coliba. Powerstove’s solution addresses CO2 emissions in Africa via its innovative IoT-enabled cookstoves and clean burning fuel pellets. Coliba focuses on recycling for PET plastics in Cote D’Ivoire, which are then cleaned and recycled for resale and reuse in industrial applications and is exploring producing low-carbon building materials.

Mr. Tillman followed up asking Anandha “What needs to be in place to attract more capital to African countries?”  He responded that there needs to be more trust, credibility and transparency. “We need to build an ecosystem to increase the levels of trust and transparency,” said Anandha who added,  “Specifically increase the level of transparency for groups with capital to invest.”

GreenTec has followed the COP26 meetings with interest and salutes all the policy makers, businesses, entrepreneurs, and activists committed to enacting real change.  Check out the panel here:

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