Carbon Zero Ventures.
- Tanzania
- For-profit, including B-Corp or similar models
CarbonZero Ventures, based in Arusha, Tanzania, addresses the urgent need to combat climate change by tackling the challenge of reducing atmospheric carbon dioxide (CO2) levels. The scale of the problem is vast, with the global concentration of CO2 reaching unprecedented levels, currently at approximately 415 parts per million (ppm), according to data from the Mauna Loa Observatory. This concentration has increased by over 47% since pre-industrial levels, primarily due to human activities such as the burning of fossil fuels and deforestation.
In Tanzania, as in many other regions globally, communities are disproportionately affected by climate change despite contributing minimally to the carbon emissions causing it. With the country experiencing the ravages of climate change firsthand, including droughts, floods, and other extreme weather events, there is a pressing need to implement solutions that mitigate its impacts. According to the Intergovernmental Panel on Climate Change (IPCC), Tanzania's vulnerability to climate change is exacerbated by factors such as poverty, limited access to resources, and reliance on agriculture.
One of the significant contributing factors to climate change is the accumulation of CO2 in the atmosphere. Currently, CO2 emissions from human activities, including fossil fuel combustion and industrial processes, account for approximately 76% of the total greenhouse gas emissions globally, according to the World Resources Institute.
Direct Air Capture (DAC) technology provides a promising solution by directly capturing CO2 from the air and sequestering it permanently, thus reducing its concentration in the atmosphere. Despite the potential of DAC technology, its widespread adoption has been hindered by high costs and limited scalability.
CarbonZero Ventures, located in Arusha, aims to address these barriers by leveraging Tanzania's abundant renewable energy resources and geothermal heat to power DAC plants cost-effectively. By utilizing the country's excess renewable electricity and geothermal energy, we can significantly reduce the operational costs associated with DAC technology. Studies have shown that DAC plants powered by renewable energy sources can capture CO2 at a cost of approximately $100-150 per ton, making it a viable option for large-scale deployment.
CarbonZero Ventures seeks to empower Tanzanian communities by creating economic opportunities and promoting sustainable development. By establishing Arusha as a hub for DAC technology, we aim to create jobs, attract investment, and foster innovation in the renewable energy and climate mitigation sectors.
At a global scale, the problem of atmospheric CO2 levels and climate change affects billions of people, particularly those in vulnerable communities. By deploying DAC technology in Tanzania and scaling it globally, CarbonZero Ventures, based in Arusha, aims to contribute to the collective effort of achieving net-zero carbon emissions and mitigating the impacts of climate change on a global scale.
Carbon Zero Ventures offers a solution to combat climate change by implementing Direct Air Capture (DAC) technology in Tanzania, with a focus on cost-effectively removing carbon dioxide (CO2) from the atmosphere. DAC technology is a revolutionary approach that directly captures CO2 from ambient air using specialized filters. Once captured, the CO2 can be permanently stored underground or converted into useful products such as sustainable aviation fuels.
Our solution leverages Tanzania's abundant renewable energy resources, including solar and geothermal power, to power DAC plants. By utilizing renewable energy sources, we significantly reduce the operational costs associated with DAC technology, making it more accessible and scalable. Tanzania's geological features, such as the rich basaltic rock formations in the Tanzania Rift, provide an ideal environment for the permanent storage of captured CO2.
Here's how our solution works:
Direct Air Capture: Our DAC technology utilizes specialized filters to capture CO2 directly from the air. These filters are designed to efficiently adsorb CO2 molecules while allowing other gases to pass through.
Renewable Energy Power: We power our DAC plants using renewable energy sources such as solar and geothermal power. By harnessing Tanzania's abundant renewable energy resources, we ensure that our operations are environmentally friendly and cost-effective.
Carbon Sequestration: Once captured, the CO2 is transported to suitable geological formations, such as basaltic rock formations in the Tanzania Rift. Basaltic rock has a natural affinity for CO2 and reacts with it to form stable carbonate minerals, effectively trapping the CO2 underground for thousands of years.
Sustainable Development: In addition to mitigating climate change, our solution promotes sustainable development in Tanzania by creating economic opportunities and fostering innovation in the renewable energy sector. By establishing Tanzania as a hub for DAC technology, we aim to create jobs, attract investment, and drive positive social and economic impact.
Carbon Zero Ventures' solution offers a practical and scalable approach to addressing the challenge of reducing atmospheric CO2 levels. By combining innovative DAC technology with Tanzania's renewable energy resources and geological advantages, we aim to make significant strides towards a carbon-neutral future.
Carbon Zero Ventures' solution serves multiple stakeholders, including the global community, Tanzanian citizens, and vulnerable populations disproportionately affected by climate change. Here's how our solution impacts their lives:
Global Community: Our solution directly addresses the global challenge of climate change by reducing atmospheric carbon dioxide (CO2) levels. By capturing CO2 from the air and permanently sequestering it underground, we contribute to mitigating the impacts of climate change, such as extreme weather events, rising sea levels, and disruptions to ecosystems. This benefits people worldwide by helping to preserve the planet for future generations and ensuring a more sustainable and livable environment.
Tanzanian Citizens: In Tanzania, our solution creates significant positive impacts on the lives of citizens in several ways. Firstly, by leveraging the country's abundant renewable energy resources, such as solar and geothermal power, we contribute to expanding access to clean and affordable energy. This not only reduces reliance on fossil fuels but also enhances energy security and promotes economic development.
Our solution creates job opportunities and stimulates economic growth in Tanzania. By establishing DAC plants and related infrastructure, we generate employment opportunities across various sectors, including engineering, construction, operations, and maintenance. This helps to alleviate poverty, improve livelihoods, and empower local communities.
Our solution strengthens Tanzania's position in the global clean energy market by showcasing the country's potential as a hub for innovative climate solutions. This attracts investment, fosters innovation, and promotes technology transfer, contributing to the country's sustainable development goals.
Carbon Zero Ventures is uniquely positioned to deliver our solution, leveraging our team's proximity to the communities we serve and our deep understanding of the local context in Tanzania.
Location in Arusha, Tanzania: Our team is based in Arusha, Tanzania, which is strategically located in the Tanzanian Rift Valley. This region is rich in natural endowments such as excellent geology for CO2 storage, geothermal activity, and unique renewables capacity and potential. Being embedded within the local community allows us to intimately understand the challenges and opportunities faced by Tanzanians, particularly those affected by climate change.
Geological and Renewable Energy Expertise: Our team consists of experts with a diverse range of backgrounds in geology, renewable energy, engineering, and environmental science. We have a deep understanding of Tanzania's geological features, including the high-porosity basaltic rock formations in the Tanzanian Rift Valley, which are ideal for CO2 storage. Our expertise in renewable energy allows us to effectively harness Tanzania's geothermal and solar resources to power our DAC plants sustainably.
Community Engagement and Empowerment: We prioritize meaningful engagement with local communities throughout the design and implementation of our solution. Our team actively seeks input, ideas, and feedback from community members to ensure that our solution is responsive to their needs and priorities. We work closely with local stakeholders, including government agencies, community leaders, and civil society organizations, to co-create solutions that are culturally appropriate, socially inclusive, and environmentally sustainable.
Representation and Diversity: Our team is representative of the communities we serve, with members from diverse backgrounds, including Tanzanian nationals, local residents, and experts with experience working in the region. This diversity allows us to bring a range of perspectives and insights to the table, ensuring that our solution is comprehensive and inclusive.
Alignment with Local Agendas: Our solution is meaningfully guided by the agendas and priorities of the communities we serve. We actively collaborate with local organizations and initiatives focused on sustainable development, climate resilience, and community empowerment. By aligning our goals with local agendas, we ensure that our solution has a positive and lasting impact on the lives of Tanzanians.
Carbon Zero Ventures is well-positioned to deliver our solution to the target population in Tanzania. Our location in Arusha, expertise in geological and renewable energy, commitment to community engagement and empowerment, representation and diversity within our team, and alignment with local agendas uniquely qualify us to address the challenge of reducing atmospheric carbon dioxide levels and combatting climate change in Tanzania.
- Adapt cities to more extreme weather, including through climate-smart buildings, incorporating climate risk in infrastructure planning, and restoring regional ecosystems.
- 7. Affordable and Clean Energy
- 8. Decent Work and Economic Growth
- 9. Industry, Innovation, and Infrastructure
- 11. Sustainable Cities and Communities
- 13. Climate Action
- 17. Partnerships for the Goals
- Prototype
We selected the Prototype stage because we have developed an initial working version of our solution and have begun testing it in real-world settings. Here are the key accomplishments and progress we have made so far:
Developed Direct Air Capture (DAC) Technology: We have successfully developed and tested the DAC technology, including the specialized filters and equipment required for capturing carbon dioxide (CO2) from the air.
Established Pilot DAC Plant: We have established a pilot DAC plant in Tanzania, leveraging the country's abundant renewable energy resources and geological advantages. The pilot plant serves as a testbed for our technology and allows us to gather data on its performance and efficiency.
Conducted Field Tests: We have conducted field tests of our DAC technology, including capturing CO2 from the ambient air and storing it underground in suitable geological formations. These tests have provided valuable insights into the feasibility and scalability of our solution.
Engaged with Stakeholders: We have engaged with various stakeholders, including local communities, government agencies, and potential investors, to garner support for our solution and gather feedback on its design and implementation. This engagement has helped us refine our approach and ensure that our solution meets the needs of the target population.
Beneficiaries Served: While our solution is still in the prototype stage, we have served a limited number of beneficiaries through our pilot DAC plant and field tests. These beneficiaries include local community members who have directly participated in the testing and implementation of our solution.
Our progress in developing and testing the prototype of our DAC technology demonstrates significant strides towards addressing the challenge of reducing atmospheric CO2 levels and combatting climate change. We will continue to iterate on our solution based on feedback and data gathered during the pilot phase, with the ultimate goal of scaling up our impact and delivering tangible benefits to communities in Tanzania and beyond.
We are applying to Solve because we believe in the power of collaboration and innovation to address complex global challenges like climate change. Solve's platform offers a unique opportunity to connect with a diverse network of partners, experts, and stakeholders who can provide valuable support and resources to help us overcome barriers and accelerate the implementation of our solution.
Specifically, we hope Solve can help us overcome the following barriers:
Financial Barriers: Developing and deploying Direct Air Capture (DAC) technology requires significant financial investment, particularly in the initial stages of prototyping and piloting. Solve's network of partners and investors can provide access to funding opportunities, grants, and impact investment capital to support our solution's development and scale-up.
Technical Expertise: While we have made significant progress in developing our DAC technology, we recognize the importance of accessing technical expertise and specialized knowledge to optimize our solution and address technical challenges. Solve can connect us with experts in renewable energy, carbon capture, geology, and other relevant fields who can provide valuable insights, guidance, and support.
Legal and Regulatory Support: Implementing DAC technology may require navigating complex legal and regulatory frameworks, including environmental regulations, land use policies, and permits for CO2 storage. Solve can help us navigate these challenges by connecting us with legal experts, policy advisors, and regulatory agencies who can provide guidance and support in ensuring compliance and overcoming legal barriers.
Cultural and Social Acceptance: Engaging local communities and fostering social acceptance of our solution is crucial for its successful implementation. Solve can help us develop culturally sensitive approaches to community engagement and stakeholder consultation, ensuring that our solution aligns with local values, priorities, and needs.
Market Access and Partnerships: Building partnerships with key stakeholders, including government agencies, industry partners, and non-governmental organizations, is essential for scaling up our solution and achieving widespread impact. Solve's network can facilitate connections with potential partners and collaborators who share our vision and can support us in scaling our solution effectively.
We believe that Solve's platform offers a unique opportunity to access the support, resources, and partnerships needed to overcome financial, technical, legal, cultural, and market barriers and accelerate the implementation of our solution to combat climate change. We are excited about the potential to collaborate with Solve and its network of partners to drive meaningful impact and create a more sustainable future for generations to come.
- Human Capital (e.g. sourcing talent, board development)
- Legal or Regulatory Matters
Carbon Zero Ventures' solution is innovative in several key ways:
Utilization of DAC Technology: Our solution leverages Direct Air Capture (DAC) technology, which is a novel approach to addressing climate change by directly capturing carbon dioxide (CO2) from the air. While DAC technology itself is not new, our innovative application of it in Tanzania, combined with the use of renewable energy sources and geothermal heat, sets us apart in the market.
Cost-Effective Approach: We have developed a cost-effective approach to DAC technology by leveraging Tanzania's abundant renewable energy resources and geothermal heat. By utilizing these resources, we are able to significantly reduce the operational costs associated with DAC technology, making it more accessible and scalable in comparison to traditional approaches.
Business Model Innovation: Carbon Zero Ventures' business model involves extracting carbon from the air using DAC technology and either storing it in deep rock formations or producing and selling CO2 for industrial use. This innovative business model not only helps combat climate change by reducing atmospheric CO2 levels but also creates revenue streams through the sale of carbon credits and industrial CO2.
Market Leadership: Our projected price for a tonne of CO2, which is significantly lower than current market rates, positions Carbon Zero Ventures as a global cost leader in DAC technology by mid-decade. This market leadership, coupled with Tanzania's favorable market and natural conditions, presents significant growth potential and opportunities for expansion.
Competitive Advantage: Tanzania's abundant geothermal energy resources and skilled engineering talent at a fraction of the cost compared to the Global North provide Carbon Zero Ventures with a competitive advantage in scaling our solution. By capitalizing on these advantages, we can drive down costs further and increase the scalability and impact of our solution.
Carbon Zero Ventures' innovative approach to DAC technology, coupled with our cost-effective business model and competitive advantages in Tanzania, has the potential to catalyze broader positive impacts in the climate innovation space. By demonstrating the feasibility and scalability of DAC technology in Tanzania, we can inspire and encourage other stakeholders to adopt similar approaches, driving market transformation and accelerating progress towards a carbon-neutral future.
Our solution, CarbonZero Ventures, aims to have a significant impact on the problem of climate change by deploying Direct Air Capture (DAC) technology to reduce atmospheric carbon dioxide (CO2) levels. Here's how we expect our solution to create positive change:
Activities: We will deploy DAC technology in Tanzania, leveraging the country's abundant renewable energy resources and geothermal heat to power DAC plants cost-effectively. This involves designing, building, and operating DAC facilities capable of capturing CO2 from the air.
Immediate Outputs: The immediate outputs of our activities include the successful deployment and operation of DAC plants, the capture of CO2 from the air, and the storage or utilization of captured CO2. These outputs demonstrate the technical feasibility and scalability of our solution.
Short-Term Outcomes: In the short term, we expect our solution to lead to a reduction in atmospheric CO2 levels as captured CO2 is stored underground or converted into useful products. This helps mitigate the impacts of climate change by reducing greenhouse gas emissions and stabilizing global temperatures.
Medium-Term Outcomes: As our solution scales up, we anticipate broader medium-term outcomes, including improved air quality, enhanced environmental sustainability, and increased resilience to climate change impacts in Tanzania and beyond. By reducing CO2 emissions and promoting renewable energy, our solution contributes to a more sustainable and resilient future for communities worldwide.
Long-Term Outcomes: Over the long term, we envision our solution catalyzing systemic change in the fight against climate change. By demonstrating the feasibility and cost-effectiveness of DAC technology in Tanzania, we inspire and encourage other countries and stakeholders to adopt similar approaches, leading to widespread deployment of DAC technology globally. This ultimately contributes to achieving net-zero carbon emissions and mitigating the worst impacts of climate change on a global scale.
Our theory of change is supported by evidence from third-party research, including studies on the effectiveness of DAC technology in reducing atmospheric CO2 levels and its potential to contribute to climate change mitigation efforts. Additionally, interviews with stakeholders in Tanzania indicate strong support for innovative climate solutions like DAC technology, highlighting the potential for our solution to have a meaningful impact on the problem. Overall, we are confident that CarbonZero Ventures' approach to tackling climate change through DAC technology will lead to tangible and lasting positive outcomes for our target population and the planet as a whole.
Impact Goals:
Carbon Sequestration: Our primary impact goal is to remove carbon dioxide (CO2) from the atmosphere using Direct Air Capture (DAC) technology and either store it in rocks or make it available to industries like floriculture and greenhouses. Our target is to sequester 500,000 metric tons of CO2 annually by 2025, representing a 20% reduction in CO2 emissions compared to baseline levels.
Circular Carbon Economy: We aim to catalyze the emergence of a new circular carbon economy by using cheap air-captured CO2 to create further products like synthetic fuels and plastics. Our goal is to foster innovation and sustainable economic growth through the creation of 100 new businesses and 1,000 jobs in the circular carbon economy by 2025, representing a 15% increase in employment opportunities in the sector.
Economic Development: We seek to improve millions of livelihoods by creating innovative and sustainable economic growth through DAC technology. Our target is to improve the livelihoods of 50,000 individuals and families in Tanzania and beyond by 2025, representing a 10% increase in income levels and overall quality of life improvements.
Measurement of Progress:
CO2 Sequestration: By 2025, we aim to sequester 500,000 metric tons of CO2 annually, representing a 20% reduction in CO2 emissions compared to baseline levels.
Circular Carbon Economy Growth: By 2025, we aim to establish 100 new businesses and create 1,000 jobs in the circular carbon economy, representing a 15% increase in employment opportunities in the sector.
Livelihood Improvement: By 2025, we aim to improve the livelihoods of 50,000 individuals and families, representing a 10% increase in income levels and overall quality of life improvement
The core technology powering CarbonZero Ventures' solution is Direct Air Capture (DAC) technology. DAC technology is a cutting-edge approach to addressing climate change by directly capturing carbon dioxide (CO2) from the air and either storing it underground or converting it into useful products.
At its essence, DAC technology consists of several key components:
Air Capture Units: These units contain specialized sorbent materials that selectively capture CO2 molecules from ambient air as it passes through. The captured CO2 is then separated from the sorbent material for further processing.
CO2 Separation and Purification: Once captured, the CO2 is separated from the sorbent material and purified to remove any contaminants. This process ensures that the captured CO2 is of high purity and suitable for storage or conversion into other products.
Storage or Utilization: The captured CO2 can be stored underground in geological formations, such as basaltic rocks, where it undergoes mineralization and becomes permanently sequestered. Alternatively, the CO2 can be utilized for various industrial purposes, such as the production of synthetic fuels, plastics, or agricultural inputs like CO2 for greenhouses.
Renewable Energy Integration: CarbonZero Ventures' solution incorporates renewable energy sources, such as solar, wind, and geothermal energy, to power the DAC units. This ensures that the carbon capture process is powered by clean energy, reducing overall emissions and environmental impact.
Geological and Environmental Considerations: The selection of suitable storage sites for CO2 sequestration involves careful geological assessment to ensure long-term stability and minimal environmental impact. Additionally, environmental monitoring and mitigation measures are implemented to minimize any potential risks associated with CO2 storage.
By leveraging DAC technology, CarbonZero Ventures is able to remove CO2 directly from the atmosphere, offering a scalable and effective solution to combatting climate change. The integration of renewable energy sources and careful consideration of geological and environmental factors ensure that our solution is not only technologically advanced but also environmentally sustainable and socially responsible. Through the deployment of DAC technology, we aim to contribute to global efforts to reduce greenhouse gas emissions and create a more sustainable future for generations to come.
- A new application of an existing technology
- Imaging and Sensor Technology
- Manufacturing Technology
- Materials Science
- Tanzania
- Ethiopia
- Kenya
- Uganda
CarbonZero Ventures currently has a team of 10 full-time staff members, 5 part-time staff members, and engages with 3 contractors for specialized tasks such as engineering, geological assessments, and environmental monitoring. This team comprises individuals with diverse expertise in engineering, renewable energy, environmental science, business development, and project management, enabling us to effectively develop and implement our DAC solution in Tanzania.
We have been actively working on our solution for approximately three years. During this time, our team has been engaged in extensive research and development efforts, technology testing and refinement, and stakeholder engagement activities. We have also been establishing partnerships, securing funding, and laying the groundwork for implementation and scalability. Throughout the past three years, we have remained dedicated to advancing our solution to address the pressing challenges of climate change and contribute to building a more sustainable future.
Ensuring diversity, equity, and inclusion (DEI) within our team is a core value of our organization. We believe that diverse perspectives and experiences are essential for driving innovation and addressing complex challenges such as climate change. Here are some ways we promote DEI within our team:
Diverse Leadership Team: Our leadership team is intentionally diverse, consisting of individuals from different backgrounds, cultures, and identities. We believe that diversity in leadership fosters a culture of inclusion and ensures that a wide range of perspectives are represented in decision-making processes.
Recruitment and Hiring Practices: We prioritize diversity in our recruitment and hiring processes by actively seeking out candidates from underrepresented backgrounds. We use inclusive language in job descriptions, partner with diverse recruitment networks, and implement blind resume screening to mitigate biases.
Professional Development and Training: We invest in professional development and training opportunities that promote diversity, equity, and inclusion among our staff. This includes workshops on unconscious bias, cultural competency, and inclusive leadership practices.
Employee Resource Groups: We support the formation of employee resource groups (ERGs) that provide spaces for staff from marginalized groups to connect, share experiences, and advocate for inclusion within the organization.
Regular Diversity Assessments: We conduct regular assessments of our team's diversity to track progress and identify areas for improvement. These assessments help us understand the composition of our team and measure our success in creating a diverse and inclusive environment.
Inclusive Policies and Practices: We have implemented inclusive policies and practices, such as flexible work arrangements, parental leave policies, and accommodations for individuals with disabilities, to ensure that all team members have equal access to opportunities and support.
Open Communication and Feedback: We foster open communication and feedback channels where team members can voice their concerns, share their experiences, and provide input on DEI initiatives. We actively listen to our team members and take action to address any issues or barriers they may face.
Overall, we are committed to creating a welcoming and inclusive environment where all team members feel valued, respected, and empowered to contribute their unique perspectives and talents towards achieving our mission. We recognize that DEI is an ongoing journey, and we remain dedicated to continuously improving and evolving our practices to ensure that our team reflects the diversity of the communities we serve.
Our business model revolves around providing carbon capture and utilization services using Direct Air Capture (DAC) technology. We serve both environmental stakeholders concerned with reducing carbon emissions and industrial customers seeking sustainable carbon solutions.
Key Components:
Carbon Capture: We offer carbon capture services using DAC technology to remove carbon dioxide (CO2) directly from the atmosphere. This service is essential for environmental stakeholders, such as governments, NGOs, and corporations, aiming to mitigate climate change by reducing their carbon footprint.
Carbon Utilization: In addition to carbon capture, we provide carbon utilization services where captured CO2 is converted into useful products such as synthetic fuels, plastics, or agricultural inputs. These products cater to industrial customers, including energy companies, manufacturers, and agricultural businesses, seeking sustainable carbon solutions for their operations.
Renewable Energy Integration: Our business model incorporates renewable energy sources, such as solar, wind, and geothermal energy, to power DAC units. This ensures that our carbon capture and utilization processes are powered by clean energy, enhancing our overall environmental impact.
Geographical Expansion: We aim to expand our services globally, targeting regions with high carbon emissions and abundant renewable energy resources. This expansion strategy allows us to serve diverse markets and maximize our environmental impact on a global scale.
Value Proposition:
- Environmental Impact: Our primary value proposition lies in providing effective carbon capture and utilization services that contribute to mitigating climate change and reducing carbon emissions.
- Sustainability: By using renewable energy sources and converting captured CO2 into useful products, we offer sustainable carbon solutions that align with the principles of environmental stewardship and corporate social responsibility.
- Cost-Effectiveness: Our business model aims to provide cost-effective carbon capture and utilization services, making sustainable carbon solutions accessible to a wide range of customers, including small and medium-sized enterprises.
Revenue Streams:
Service Fees: We generate revenue through service fees charged to customers for carbon capture and utilization services, based on the volume of CO2 captured or the value of products produced.
Product Sales: Revenue is also generated through the sale of carbon-derived products, such as synthetic fuels, plastics, or agricultural inputs, to industrial customers.
Our business model enables us to provide innovative carbon capture and utilization solutions that deliver both environmental impact and economic value to our customers and stakeholders.
- Individual consumers or stakeholders (B2C)
Our plan for achieving financial sustainability revolves around diversifying our revenue streams and establishing strategic partnerships to support our operations and growth. Here are the key components of our financial sustainability plan:
Service Contracts: We will generate revenue through service contracts with governments, NGOs, corporations, and other entities interested in carbon capture and utilization services. These contracts will provide a steady stream of income based on the volume of CO2 captured or the value of products produced.
Product Sales: We will generate revenue by selling carbon-derived products, such as synthetic fuels, plastics, or agricultural inputs, to industrial customers. This revenue stream will complement our service contracts and contribute to our overall financial sustainability.
Grants and Donations: We will continue to pursue grants and donations from philanthropic organizations, government agencies, and impact investors to support specific projects, research initiatives, and capacity-building efforts. These funds will help cover operational expenses and support our mission-driven activities.
Investment Capital: We will explore opportunities to raise investment capital from venture capitalists, impact investors, and strategic partners to fund our growth and expansion plans. Investment funding will be used to scale our operations, develop new technologies, and enter new markets.
Revenue Sharing Models: We may explore revenue sharing models where we partner with organizations or communities to capture and utilize carbon, sharing the revenue generated from carbon credits or product sales.
Success to Date:
Grants and Donations: We have successfully secured $ 35000 grants from Climate KIC,Tony Elumelo Foundation,Blue Innovation and government agencies provide $ 5000 to support our research and development efforts. These grants have enabled us to advance our technology, conduct pilot projects, and build partnerships with key stakeholders.
Service Contracts: We have entered into 2 service contracts with Serengeti National and Maliasili Tanzania corporations to provide carbon capture and utilization services. These contracts have provided us with initial revenue and demonstrated the market demand for our solutions.
Investment Funding: We have successfully raised investment of $20,000 capital from The Nature Conservation and Flow Fund impact investors and venture capitalists to support our growth plans. This funding has allowed us to expand our team, scale our operations, and invest in technology development.
Our multi-pronged approach to financial sustainability has enabled us to generate revenue, attract investment, and secure funding to support our mission of combating climate change through innovative carbon capture and utilization solutions. We remain committed to exploring new revenue opportunities, forging strategic partnerships, and achieving long-term financial sustainability.