To bridge the funding gap faced by Namibian cleantech entrepreneurs, a crucial session titled Fundraising 101 for Namibian Cleantech Entrepreneurs: An Introductory Session on How to Find Funding for Startups was hosted on January 29, 2025. The event, organised by the Environmental Investment Fund of Namibia (EIF), Co-Creation Hub (CcHUB), the United Nations Industrial Development Organization (UNIDO), and the Network for Global Innovation (NGIN), aimed to equip Namibian entrepreneurs with the knowledge and tools needed to navigate early-stage fundraising.
The session provided a thorough exploration of early-stage funding sources accessible in Namibia and internationally. It covered investor expectations, various investment types, and key valuation criteria for startups. Additionally, discussions highlighted the impact of policies on SMEs and cleantech ventures, best practices for creating persuasive investor pitches, and diverse perspectives on startup funding, including banking, risk capital, and corporate agreements.
Speaking at the event was the Environmental Commissioner, Timoteus Mufeti, “Namibia stands at a defining moment in its pursuit of a low-carbon, sustainable economy. As a government, we are aware of the growing threats posed by climate change. That is why Namibia’s commitment to global climate action under the leadership and coordination of the Ministry of Environment, Forestry and Tourism is unwavering. We have ratified all key multilateral climate agreements, including the Paris Agreement, and remain dedicated to limiting global temperature rise to well below 2°C, striving for 1.5°C. This commitment is reflected in our ambitious Nationally Determined Contributions (NDCs), which provide a clear framework for emissions reduction,” he said.
Benedict Libanda, Chief Executive Officer of the EIF said that the GCIP is more than just a program. “ It is a long-term investment in Namibia’s future. Over the next 36 months, with an allocated budget of over N$16,000,000.00, this initiative will make a tangible impact, including the mitigation of approximately 45,000 metric tons of CO₂e through the implementation of cleantech solutions. The GCIP will also lay a strong foundation by establishing a national training framework, equipping cleantech entrepreneurs and mentors with the skills they need to succeed. It will support over 80 enterprises, offering them access to innovative financial mechanisms and tailored financial support to drive their cleantech innovations. Additionally, by working closely with policymakers, GCIP Namibia will help develop and submit gender-responsive cleantech innovation policies, ensuring alignment with both national priorities and international sustainability goals” he said.
This successful session marked a significant step in Namibia’s journey toward fostering a robust cleantech ecosystem. As Namibia continues to position itself as a leader in climate resilience and green innovation, empowering entrepreneurs with the right financial knowledge and resources will be critical in achieving long-term sustainability goals. The session was moderated by Aina-Maria Iteta, EIF Executive: Business Strategy and Performance Management, and featured a distinguished panel of industry leaders and investors.