Launch Of The E4Impact Accelerator 2.0 – Entrepreneurship Center Of Excellence

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Press Release

Friday 5th, November 2021

 E4Impact Foundation funded by the Italian Agency for Development Cooperation, have launched the Accelerator 2.0 to strengthen the enterprises in Kenya to grow their business, scale their impact and access markets.

The E4Impact Accelerator program launched in 2018 has worked with over 300 enterprises across diverse sectors to grow their business and scale their impact through a portfolio of entrepreneurial programs and services. In the launch of the second phase of the Accelerator, E4Impact is honoured to partner again with the Embassy of Italy in Kenya and the Italian Agency for Development Cooperation to transition the Accelerator from a project to an Entrepreneurship Center of Excellence.

 

E4Impact has received a grant of 2.7 Million Euros to run 3 acceleration cycles each of 1 year to support 90 growth stage enterprises and 30 incubation enterprises with a provision of access to capital to facilitate the growth of these enterprises. Through the support our key ecosystem partners, E4Impact has been able to support enterprises across Kenya through the successful collaboration of the European Union for the ‘Green to Grow’ SWITCH Africa Green project, AMAYA RangER, Ustahimilivu West Pokot, Drought Resilience in Isiolo County (DRIC) and CESVI-Isiolo projects; French Embassy in Kenya and Somalia for the ARESSOK Project targeting social enterprises, Central Bank of Kenya for the collaboration in the Afro-Asia FinTech Festival supporting FinTech enterprises; Standard Media Group for the branding and visibility of these enterprises and IKEA Foundation for the O-Farms Agri-circularity program.

“We welcome the opportunity to strengthen our commitment to supporting Impact driven enterprises with their business growth and market development,” said Prof. Mario Molteni – CEO, E4Impact. “Post the COVID -19 Pandemic, E4Impact through this strategic partnership with the Italian Agency for Development Cooperation, will catalyse its efforts in supporting the social enterprises which is creating more opportunities for sustainable business models, scaling the impact, and spurring the growth of SMEs.”

The delegation for the event included: H.E. Henriette Geiger, Head of EU delegation to Kenya; H.E Alberto Pieri, Italian Ambassador to Kenya; H.E. Mrs. Aline Kuster-Menager – French Ambassador to Kenya and Somalia; Mr. Fabio Meloni – AICS Director; Dr. Patrick Njoroge – Governor, Central Bank of Kenya; H.E. Amb. Johnson Weru – P.S Industrialization, Trade and Enterprise Development; Orlando Lyomu – CEO, Standard Media Group.

Press enquiries:

Mercy Kimalat – E4Impact Foundation
Telephone: +254- 712 – 526952
Email: accelerator.kenya@e4impact.org

 

About E4Impact Foundation

E4Impact Foundation is the leading Alliance of Universities, Companies and Institutions to grow a new generation of African impact entrepreneurs and to promote partnerships between Europe and Africa. Its main objective is to enhance the sustainable development of fast-growing economies by training impact entrepreneurs and scaling the growth of their businesses. E4Impact currently offers it programs in 17 African countries with a goal of supporting over 3,000 entrepreneurs, and establishing 1,000 new enterprises and thousands of new jobs in the formal economy.

For detailed information on the organisation’s mandate, structure, and entrepreneurship programs, visit http://www.e4impact.org.

 

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