MAY 9, 2023
Telesto Announces Climate Tech Accelerator for Early-Stage Ghanaian Startups
The Accelerator will incubate and showcase the top five climate tech startups in partnership with the US State Department Office of Global Partnerships and Coalition for Climate Entrepreneurship, Academic City University College, and Aspen Network of Development Entrepreneurs
ACCRA, Ghana, and CHICAGO, IL, May 9, 2023 – Telesto Strategy, the US State Department Office of Global Partnerships and Coalition for Climate Entrepreneurship, Academic City University College, and the Aspen Network of Development Entrepreneurs are partnering to launch an early-stage Climate Tech Accelerator to support the development of a regional pipeline of investable, climate-focused startups across Ghana.
The program will diligently source a robust cohort of Ghanaian tech startups that are delivering climate-centered solutions across a diverse array of industry verticals. Given the overall maturity of the climate entrepreneurial landscape in Ghana, Telesto will focus on identifying early-stage, pre-seed, or seed-level startups for accelerator participation.
Climate tech proves to be a dynamic sector of innovation and growth; as new climate solutions enter the market every day. To encourage localization of key climate solutions, the program will source early-stage startups across an array of industry verticals.
“To accelerate the journey of an early-stage, impact-oriented startup, we recognize the need for tools, methods, approaches and a broad network of mentors, coaches and ecosystem leaders – from business, academia, government, non-profit and more,” said Telesto CEO & Founder Alex Kruzel. “From lab to market, we will be providing tailored support to committed partners to advance the development of climate solutions in Ghana and the connectivity of climate capital in the region.”
Commenting on the partnership, Prof. Fred McBagonluri, President of Academic City, remarked, “As a university committed to creating innovative solutions for the most pressing global challenges, we are excited to partner with Telesto Strategy in launching the Climate Tech Accelerator program. We intend to contribute to substantial change in the region by assisting early-stage enterprises in Ghana addressing climate change.”.
He added, “Through this partnership, we hope to inspire a new generation of entrepreneurs to create environmentally and economically sustainable business models in Ghana.”
Applications are now open for early-stage, seed/pre-seed startups across Ghana that are looking to contribute towards the development of climate solutions, advance their business concept, receive world-class coaching and mentorship, and get connected to a powerful network of ecosystem leaders regionally and globally. The accelerator program includes 12 weeks of training, coaching, and mentoring and will support startups with a curated curriculum of industry-standard content and business development resources. The program will culminate in an industry showcase where startups will pitch their ideas and receive input from a select group of judges and coaches.
Interested applicants can apply here through May 22, 2023.
About Telesto Strategy
Telesto Strategy, a certified Women’s Business Enterprise (WBE), is an ESG-focused strategy consulting firm founded with a bold vision to support businesses and governments in the regeneration of the planet’s health, resources, and wellbeing. Telesto aims to achieve this ambition through its dual missions: (i) reframing how businesses, organizations, and countries can achieve enduring and inclusive growth, and (ii) redirecting corporate strategy to solve the biggest challenges of our time while delivering a positive ROI.
Telesto Strategy works globally to connect and activate Climate Capital toward localized climate solutions and climate-positive growth. To do so, Telesto engages with its partners across its key pillars: climate capital marketplace, expert network, engagement accelerator and versatile ESG platform.
About the Office of Global Partnerships and the Coalition for Climate Entrepreneurship
The Office of Global Partnerships (GP) strives to advance the Department of State’s top foreign policy priorities through private sector engagement. This approach has fueled our ability to work with over 1,600 partners and mobilize more than $3.7 billion in public and private sector resource commitments that have enhanced the Department’s diplomacy and development outcomes.
The Coalition for Climate Entrepreneurship (CCE) is a public-private partnership that aims to address the climate crisis and contribute to economic empowerment in developing countries by nurturing entrepreneurship focused on climate solutions.
About Academic City
Academic City University College is a prestigious tertiary institution that is revolutionizing university education in Ghana and Africa, with a focus on STEAM fields (science, technology, engineering, arts, and mathematics). The institution distinguishes itself through a unique model of education that prioritizes experiential, contextual, unified, and extensional learning, all while emphasizing entrepreneurship. This approach ensures that graduates are equipped to become ‘Future-Ready Leaders’.
Since its establishment, Academic City has been committed to improving higher education in Africa and providing the highest quality education possible. Located in Accra, Ghana’s capital, our cutting-edge campus offers a range of programs in Engineering, Information Technology, Business Administration, and Communication Arts.
About Aspen Network of Development Entrepreneurs
The Aspen Network of Development Entrepreneurs (ANDE) is a global network of organizations that propel entrepreneurship in developing economies. ANDE members provide critical financial, educational, and business support services to small and growing businesses (SGBs) based on the conviction that SGBs will create jobs, stimulate long-term economic growth, and produce environmental and social benefits. Ultimately, ANDE believes that SGBs can help lift countries out of poverty.