Two African companies amongst the 2nd Round recipients Mobile Enabled Community Services Innovation Grant Fund
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The MECS programme aims at leveraging mobile technology & infrastructure to improve access to affordable and reliable energy and clean water in underserved communities
Today, the GSM Association has made public the 2nd Round recipients Mobile Enabled Community Services Innovation Grant Fund. In this 2nd Round, Schneider Electric is proud to announce that two companies of its Schneider Electric Energy Access Fund portfolio www.schneider-electric.com were awarded: Fenix International and Nova Lumos.
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As part of its efforts to foster access to reliable, affordable and clean energy with its BipBop programme, Schneider Electric launched an impact-investment fund dedicated to support companies developing technologies and/ or distribution channels in that field. Since its creation in 2009, the fund has invested in eleven companies in Africa, India and France.
The GSMA represents the interests of mobile operators worldwide, gathering nearly 800 operators in more than 220 countries. Mobile Enabled Community Services encompasses any energy and water service provided to a community which includes a mobile component. The MECS programme aims at leveraging mobile technology & infrastructure to improve access to affordable and reliable energy and clean water in underserved communities.
In 2013, the MECS Innovation Grant Fund has been launched with the support of the UK Government to award £2.4M in grants to organisations trialling and developing innovations in this same aim.
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