The first Cohort was of the Embryo Incubation was launched in 2020 and it last for 20 weeks with entrepreneurs going through a rigorous business development program aimed at helping them jumpstart their ideas and transform them into viable ventures. 8 of the selected particpants that went through the incubation program were selected after rounds of pitching and awarded a sum of $10,000.
The winners of the 2020 edition of the Nigeria Climate Innovation Centre’s (NCIC) Embryo Incubation Program, sponsored by the All On Hub, were announced today on the Power Solutions Radio Show on Nigeria Info FM in Lagos and online. They are: Afrinet Power, Bin Energy, Climate Innovation Motors, Homefort Energy, MySolarBid, Quadcycle Nigeria, Sollef and Quadloop.
The call for entries for the second edition of the Embryo Incubation program was launched in December 2020 and it drew applications from all over Nigeria. After several rounds of review by the judges and reviewers, 20 businesses were selected to participate in the second edition of the Embryo Incubation program for 2021.
The second edition of the program will run for 20 weeks and scheduled to start in March 2021 through July 2021 on a virtual platform in response to the covid-19 pandemic. The program aims to accommodate an expected total number of 15 participants (incubates), of which 8 of the most promising ventures will be awarded a grant of $10,000 each at the end of the incubation period.