Deadline: 17 April 2017
Applications are open for Renewable Energy Challenge Fund (RECF) Uganda. The goal of RECF is to increase access to renewable, efficient energy for domestic, productive and social uses among underserved poor households, especially in rural areas. By end of 2020, RECF aims to support 150,000 low-income customers transition to renewable energy.
The RECF is managed by the United Nations Capital Development Fund (UNCDF) and funded by the Embassy of Sweden in Uganda.
How can modern cooking solutions become widespread across Uganda?
The program seeking ideas that can lead to a step-change in the adoption of clean cooking solutions in Uganda and have the potential to transform the market.
- Is applicant’s company active in the clean cooking sector in Uganda?
- Is applicant’s company currently working on an innovative business idea that can hit the ground running in September 2017, and start generating new sales by Q1 2018?
- Is applicant’s company willing to invest its own money to make this idea happen but is in need of a co-investor to reduce its risk exposure?
RECF is looking for projects that combine the following characteristics:
- Additionality: not easily funded by commercial sources of finance; will resonate with the wider market and make a step change in the way modern energy products and services are offered and consumed by low-income people in Uganda;
- Sustainability: commercially-driven business ideas that companies are ready to co-invest in, with a view to graduate to more commercial investments;
- Inclusiveness: prioritizing business models with women and youth as active members of the value chain, as consumers, as well as owner/employers and employees/agents;
Key Characteristics of the Fund
- Target market: Uganda – with a focus on under-served, low-income customers, especially in rural areas.
- Clean cooking solutions: The RECF is technology neutral in that it will not favour any particular clean cooking technology above another. Acceptable solutions include:
- Improved cookstoves (e.g. charcoal or wood stoves);
- Fuels (e.g. briquettes, biomass pellets, LPG, biogas, ethanol);
- Solutions for households, businesses, as well as institutional applications;
- Or a combination of the above.
- Small Grants: US$50,000-US$75,000 over a period of up to 2 years (2017-2019)
- Large Grants: Up to US$150,000 over a period of up to 3 years (2017-2020)
- Top-up grant: Once the initial funding agreement has come to an end, UNCDF may provide top-up grants of US$25,000 to US$50,000.
Type of entities that are eligible to apply:
- The RECF targets exclusively for-profit private companies, including social enterprises, or consortia led by eligible private companies;
- Other types of entities (e.g. NGOs, CBOs, etc.) can apply as part of a consortium led by an eligible private company (the Lead Applicant);
- For-profit arms of non-for-profit organisations can also apply.
How to Apply
- Applicants can submit more than one EOI – One proposal per EOI form – but these must be for distinct business ideas.
- Applicants can download the EOI form via given website.
Eligible Country: Uganda
For more information, please visit RECF.