GreenTec’s Anandha Ponnampalam speaks at COP26 Panel

COP26 Banner

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:

Other Posts

Powerstove selected as USADF inaugural ARIE grant awardee

Frankfurt (Germany) and Abuja (Nigeria), November 2021. GreenTec Capital is pleased to report that Powerstove was selected as one of the inaugural recipients of a grant for the Africa Resilience Initiative for Entrepreneurs (ARIE). Powerstove CEO Okey Esse joined 24 other grantees in being recognised by the program intended to provide funding and technical assistance…

read more

GreenTec Capital at AFSIC 2021 in London

Frankfurt (Germany) and London (England), October 2021. GreenTec Capital CFO Thomas Festerling and Head of Financial Solutions Norbert Reeg traveled to London, England for The AFSIC 2021 Investing in Africa Conference and Expo on October 11th-12th 2021. AFSIC is regarded as the largest annual African investment event outside of Africa. The two-day event featured a…

read more

GreenTec’s Tomi Davies Shares his Story and Poetry in Instagram LIVE Interview

Frankfurt (Germany), September 2021. GreenTec Capital is pleased to share that Tomi Davies (TD), its Chief Investment Officer, was recently interviewed by Ms. Nadia Mensah Acogny, Co-Founder and COO of Acosphere Ltd.  Acosphere Ltd. is a Dakar, Senegal headquartered management consulting firm.  The interview was broadcast on Instagram LIVE.  Ms. Mensah Acogny and TD are clearly…

read more