An East Africa Branch for Connected Energy
They are Looking for Ventures
There is no better way to get to know the sector and the market than by actually being in the midst of the action. All the more reason for Connected Energy to open a branch in the East African region. For the time being we have chosen to do this in Kigali, Rwanda.
We are pleased to announce that from April 1st Connected Energy now also has established an office in East Africa.
SUSTAINABLE ENERGY FOR ALL FORUM – 2-3 MAY 2018
“They are looking for ventures, not businesses”
Referring to venture capitalists, this nugget of wisdom was given to me on a recent phone call to a contact within the energy access sector. This is alluding to the idea that venture capitalists are looking for companies with business models that allow for tremendous growth in a short period of time (ventures), rather than companies that offer potential profitability but at a more modest scale (businesses). This is crucial to the highly aggressive form of company financing that is the norm in Silicon Valley, for example, where normal businesses with ambitions of being worth 7 figures rather than 10 are sometimes referred to as ‘lifestyle businesses’.
In beautiful Lisbon in early May, over 700 delegates come together from all corners of the globe to discuss and learn about collective progress towards Sustainable Development Goal 7, and to plan ahead. SDG7 is to ensure access to affordable, reliable, sustainable and modern energy for all; a heady goal which we only have 12 years left to reach.