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Opportunity - CCA Launches New Venture Accelerator Program
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- Cooking
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A critical gap in the clean cooking sector is the scarcity of enterprises harnessing investments focused on climate and energy access. A mere seven companies were responsible for over 90% of the investment capital raised in 2022, underscoring the urgent need for a transformative solution.
While some clean cooking enterprises have made tremendous progress in certain areas, the broader clean cooking sector needs a much greater infusion of capital to achieve large scale expansion. The reality is that clean cooking only receives about 1% of the of the US$10 billion a year required to achieve universal access by 2030.
Closing the investment gap requires removing constraints for capital to flow. This includes addressing upstream constraints with regulators and investors, as well as downstream constraints with clean cooking enterprises. The Clean Cooking Alliance (CCA) Venture Accelerator aims to nurture early-stage ventures that are poised to tackle the most pressing challenges currently preventing clean cooking solutions from scaling up. By building the pipeline of companies attractive to investors focused on climate and energy access, CCA aims to drive more capital into the sector.
Cohorts
CCA implements Venture Accelerator activities via a series of themed cohorts, each made up of small- to medium-sized clean cooking enterprises. CCA uses a competitive selection process to identify cohort members. Enterprises selected for the Venture Accelerator will receive:
Virtual and in-person learning opportunities, both modular and customized Tailored technical assistance to aid business acceleration Access to expert coaches and/or mentors to help with implementation and capacity building Post-program support through connection to the broader clean cooking community, including to investors and partners.
Application
For details about application, see here
