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AWARDS
After the launch of GIA III, 22 projects were competitively selected from a pool of close to 10,000 applicants. Out of these, 11 projects were selected for upscaling in the four thematic areas. The upscalees received cash awards of various amounts to enable them expand their businesses – ranging from KES 250,000 to 1,000,000. The total amount for these awards was KES 4,800,000 and the following business received the awards for upscaling:
Table 1: Upscaling awardees for GIA III
|
PROJECT NAME |
TOTAL AWARD MONEY |
|
1.Cold Trout Fish Farming |
500,000 |
|
2.Unibrain Youth Business Incubation Center |
300,000 |
|
3.Green Gates |
250,000 |
|
4.Green Charcoal LTD |
300,000 |
|
5.Evapocooler |
300,000 |
|
6.COREC LTD |
300,000 |
|
7.Millenium Self Help Group |
1,000,000 |
|
8.Mt. Kenya CBO |
300,000 |
|
9.Folia Dasimz |
1,000,000 |
|
10.Ukulima Tech |
300,000 |
|
11.Lake View Fisheries LTD |
250,000 |
|
Total |
4,800,000 |
First place winners received KES. 1,000,000, while second and third place winners received KES. 500,000 and KES 250,000 respectively.
Eight businesses were awarded grants for incubation. The projects received technical and business support worth up to KES 5,000,000.
Table 2: Incubation Awardees for GIA III
|
Name of the enterprise |
Total Award Amount |
|
ICOSEED – Banana Fibre Production |
1,000,000 |
|
Mrian Eco Cultural & Development Resource Centre |
500,000 |
|
Mudhiero Secondary (Biofuel from Water Hyacinth) |
1,000,000 |
|
Zero Emission – Hydro-Turbine |
500,000 |
|
Kaigoro Star Women – Banana Value Addition |
250,000 |
|
Sweet and Dried Enterprises Ltd |
500,000 |
|
Eco Blocks Limited |
300,000 |
|
Lofoda G-Meal |
250,000 |
|
Total Amount |
4,300,000 |
GRANTS
The third GIA project phase started in 2015/2016 financial year, with support from the Swedish International Development Cooperation Agency (SIDA) and the Government of Kenya. The total project cost was KES 311 million or SEK 25 million. The programme in this phase has three major components; (a) Awareness creation on green innovations and best practices; (b) creation of an enabling environment for green growth and (c) green enterprise development.
The grant support from SIDA was used for providing small grants, awarding best practices and upscaling promising green businesses – 26 small enterprises were selected for incubation although 21 received incubation (grant) support.
Further still, the following development partners provided additional funding for the GIA III innovative projects:
- World Wide Fund for Nature (WWF) – funded Mudhiero Secondary School’s innovation; production and research of green biofuels from water hyacinth (KES 1 million); a purifier plant was purchased with this amount. Magiro hydropower also received KES 1 million for expansion of the mini-grid.
- USAID – funded All in One (Soya) and Green Charcoal KES 5,750,000 each. Each project has received KES 4,255,000 disbursement; outstanding amount is KES 2,990,000 (or 1,495,000 each).
- Energy Regulatory Commission – funded Mudhiero Secondary School for production of green biofuel. The total amount funded was KES 750,000. Part of the funds (KES 158,150) has been disbursed.
FOLLOW ON CAPITAL
During and after incubation, green enterprises that demonstrated good potential received investor linkages to commercialize their products. A number of partners and investors made subsequent investment in some innovations, to supplement support from SIDA and GOK. A total of KES 57,437,500 has been received to support GIA as follow on capital.