Innovex

Creating Technologies for Africa

General Information
Company Name
Innovex
Founded Year
2015
Location (Offices)
Kampala, Uganda +1
Founders / Decision Makers
Number of Employees
25
Industries
Energy, Information Technology, Renewable Energy
Funding Stage
Grant
Social Media

Innovex - Company Profile

Innovex is a startup based in Uganda that is revolutionizing the innovation landscape in Africa. With its three core offerings, the company is making a significant impact in the energy and information technology sectors. The first product, Remot, is an energy management system that has been instrumental in unleashing the potential of solar businesses across Africa. Through rigorous research and product development, Remot has successfully navigated market validation and adoption, and is now in the scaling phase. In addition, Innovex has also introduced the Innovex certificate, an initiative that has provided practical skills training to over 350 young individuals since 2015. This program aims to cultivate a new wave of African technological innovators who possess the capability to analyze the continent's development challenges and devise suitable hardware and software solutions. Furthermore, Innovex's store facilitates access to modern equipment and components essential for project prototyping and development. By establishing partnerships with global manufacturers and distributors, the company ensures that these critical components are available at competitive prices. Supported by the comprehensive training provided, the store plays a pivotal role in empowering individuals to build technological solutions. In 2021, Innovex secured a grant investment from the International Trade Centre, further solidifying its position as a leading player in the energy and information technology industries. Since its establishment in 2018, the company has remained steadfast in its commitment to driving technological advancement in Africa. With its innovative solutions and strategic partnerships, Innovex is well positioned to continue shaping the future of the continent's innovation ecosystem.

Taxonomy: Energy Management, Solar Technology, Training Programs, Technological Innovation, Hardware Development, Software Development, Market Validation, Scaling, Access to Equipment, Components Distribution, Partnerships, African Development, Market Research, Youth Engagement

Funding Rounds & Investors of Innovex (6)

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Funding Stage Amount No. Investors Investors Date
Grant Unknown 1 01 Dec 2021
Seed Round $100.00K 1 19 Jan 2021
Grant $13.00K 1 Royal Academy of Engineering 03 Sep 2020
Grant $379.84K 2 Carbon Trust 01 Jan 2019
Debt Financing $22.00K 1 Ondernemers voor Ondernemers 01 Jan 2019

View All 6 Funding Rounds

Latest News of Innovex

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