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.
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 |
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