OPIN Foundation and Royal IHC have both been awarded € 30.000 for their innovative business proposals that contribute to climate mitigation or adaption in developing countries.
During the Global Impact Investing Network (GIIN) Investor Forum at 7 and 8 December 2016, 10 organisations pitched their business plans to a large group of private impact investors. OPIN Foundation and Royal IHC came out as winners with their ideas for the introduction of a bio-based alternative to wood charcoal in Ghana and a pilot for seaweed farming in Indonesia. The provided seed capital will empower OPIN Foundation and Royal IHC to implement their ideas.
“We have developed a bio-based material that will revolutionise the charcoal market in Africa. Our product has the potential to save 90.000 soccer fields of forest yearly, in Ghana alone”, was one of the take-outs of the pitch of Peter Delahaye, CEO of the OPIN Foundation.
Bernadete Goncalves Castro, Project Manager R&D at Royal IHC, said: “Winning the MoMo challenge will give a strong impulse to the realisation of a large-scale seaweed cultivation pilot in Indonesia. This pilot is the first step towards modernisation of seaweed cultivation worldwide. The mechanisation technology developed by Royal IHC is an important piece in the puzzle to make this emerging maritime market a reality”.
According to Hein Gietema of CSC Finance, member of the selection panel who is involved in narrowing the selection of proposals, it is “fantastic to see the great pitches of Dutch organisation and their innovative business cases for climate action that are of interest to a range of investors”.
IUCN NL, ECN and NL MFA will continue MoMo in 2017. Companies and organisations with an innovative business plan in a developing country to tackle climate change issues in the cleantech, food, agro and water sectors, will also in 2017 be able to acquire support from MoMo. Project proposals can be submitted again in Q1 2017 on this website.
More information about the shortlisted MoMo proposals can be accessed here.