Investor community casts net wider to tap $10tn nature based innovations

The global investor community is turning its attention towards nature-based solutions, recognizing the potential of a $10 trillion market opportunity that could unlock over 300 million jobs in the green economy worldwide. In a recent interview with CNBC Africa, Jonas Tesfu, CEO & Founder of Pangea Accelerator, shed light on the innovation space and the urgent need for more interest and investment in climate solutions across African countries. Tesfu highlighted the importance of role models in driving innovation, pointing out that while fintech has dominated the scene in countries like Kenya, there is a growing interest in climate-focused startups fueling a new wave of entrepreneurs aiming to champion sustainable solutions. Recognizing the gaps in funding for early-stage businesses, Tesfu emphasized the need for accelerator programs to support young entrepreneurs in developing new business models, particularly in the nature-based solutions market. Tesfu's climate tech accelerator program, currently open for applications, offers funding up to $250,000 for early-stage companies with the potential for follow-up financing in the millions of dollars. By targeting young entrepreneurs who may struggle to secure traditional financing, accelerator programs like Pangea's aim to empower the youth and drive economic growth in African countries. With a median age of 19-20 years across the continent, such initiatives are crucial in providing inclusive financing that supports the majority youth population. Pangea Accelerator's strong focus on sustainability and impact aligns with the growing trend of companies prioritizing social and environmental responsibility. Many of the portfolio companies supported by Pangea are actively working towards creating a better society and a healthier planet, reflecting the organization's commitment to advancing green and climate-friendly solutions. The $10 trillion nature-based solutions market presents a massive opportunity for innovative entrepreneurs to not only drive economic growth but also address pressing environmental challenges. By nurturing and funding early-stage businesses in the green economy, accelerator programs like Pangea are paving the way for a more sustainable future in Africa and beyond.