Proof of Conceptgrants withinGhana Climate Innovation Centre’s Incubation Programmeaim to facilitate product development, prototyping, testing and/or piloting of a product or service to enable the entrepreneur to prove that the idea/business model is viable in a technical and commercial sense; and the proposed technologies or business models to be funded under POC must demonstrate potential positive impact to environment and community through mitigation or adaptation to identified climate challenges.
Through an open, competitive pitching process, entrepreneurs within a specific cohort can pitch for POC grants.POC grants will only be provided to applicants with clearly defined results arising from activities funded by the POC grant.
Over the tenure of the project, i.e. until 2021, GCIC is tasked to incubate 100 entrepreneurs.During this period, a total of $1.1million is available for POC grants for up to 50 entrepreneurs within the incubator.In general, up to $22, 000 of POC grant will be available to each successful entrepreneur.
|Stage||Stage 3: Proof of Concept|
|Other||Applications will be evaluated on the level of impact (to environment, community and women as users of the technology) and business potential. The most preferred businesses are those with a High business potential and High impact. High impact but Low business potential businesses may also be considered. However, Low impact businesses will generally not be considered.|
Expression of Interest – Prospective client will complete and submit an Expression of Interest (EOI) form by clicking on APPLY.These EOIs are reviewed periodically to determine strategic fit within the scope of the Ghana CIC. Successful applicants from this phase will be progressed to the full application step. The next review of EOIs will commence in January 2018.
Full Application – A full application can only be completed once the Ghana CIC has reviewed the Expression of Interest form and confirmed that it is appropriate to move to this stage. The applicant will be directed to complete an application. The application is to be completed within a week and submitted for appraisal. The appraisal process will involve a forum where the prospect will have the opportunity to discuss in detail his/her product or service. GCIC will also carry out a comprehensive due diligence of the entrepreneur during the appraisal process