Acumen , in collaboration with the EY organization and ServiceNow , launched a new program designed to unleash the potential of founders in Africa who are tackling the climate crisis. Angels Climate Tech Africa aims to equip high-impact entrepreneurs with the funding, expertise, and networks they need to grow locally-led climate solutions and create new markets for communities on the frontlines of climate change in sub-Saharan Africa.
The urgency couldn't be greater. The United Nations' World Meteorological Organization reports that by 2030, up to 180 million Africans could be exposed to drought, floods, and extreme heat, costing African economies 2-5 of GDP annually. To address this challenge, African entrepreneurs are developing breakthrough innovations-from climate-resilient agriculture and renewable energy to data-driven adaptation tools-that have the power to safeguard communities, strengthen resilience, and accelerate sustainable growth.
Recognizing this opportunity, ServiceNow and the EY organization are collaborating with Acumen to provide critical business and technology coaching to a highly curated cohort of entrepreneurs with climate tech business models. Angels Climate Tech Africa is a part of the Acumen Angels initiative, which offers flexible capital to early-stage social entrepreneurs solving problems of poverty in their communities and provides them with financial support to test and refine their business models in service of achieving their growth and impact plans.
