New Energy Nexus Indonesia Project Dates: January 2022 - December 2024
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PROJECT OBJECTIVE

The IKEA Foundation has awarded $10 million to the New Energy Nexus Indonesia to help accelerate the transition to a renewable energy economy by educating over 6,000 people and supporting 60 rising entrepreneurs. Initiatives include plans to expand an existing energy startup acceleration programme to eight major cities across Indonesia. Startups and developers will receive coaching on providing electricity to off-grid communities, and $4 million in seed funding will help get their products and services to market.
 

PROJECT DESCRIPTION

New Energy Nexus is the world’s leading ecosystem of funds and accelerators supporting diverse clean energy entrepreneurs. In Indonesia, New Energy Nexus works to support the development of ecosystems that can support the needs of not only innovators, startups, and entrepreneurs, but also other stakeholders in the clean energy and climate solutions sectors.


SECTORS OR AREAS OF WORK
  1. Energy transition

Region/Location

BUDGET

USD 10,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. IKEA Foundation
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None
BUDGET

USD 10,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. IKEA Foundation
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None