Diani Blue Wave

Launch

In April 2022,  BFA Global and FSD Africa partnered to establish TECA (Triggering Exponential Climate Action), a venture launcher. Its aim is to support pioneering entrepreneurs in developing climate-tech ventures, from concept to launch. The primary objective is to broaden the range of investable opportunities that promote climate resilience in vulnerable communities globally, initially concentrating on Africa. 

The first wave, “The Inaugural Diani Blue Wave,” concentrated on the Blue Economy in East Africa. Specifically, activities generating livelihoods and ecosystem services from bodies of water such as oceans, lakes, and rivers. Thirty individuals, hailing from seven African nations, with a fifty percent representation of women, were chosen as TECA fellows based on their talent, passion, and dedication to crafting innovative solutions for a climate-resilient future. 

 

Community

To support the fellows and spur growth within the ecosystem surrounding their ventures, the TECA team established a vibrant online community interested in TECA, the Blue Economy, and climate resilience, initially on Circle (migrated to LinkedIn in September 2023). The TECA community provides valuable feedback, support, and networking opportunities for aspiring founders as they embark on their venture-launching journey.

 

TECA Blue Wave Expedition Series

The team also introduced the TECA Blue Wave Expedition Series between May and July 2022. This series comprised online webinars where the TECA Community explored and discussed potential opportunity areas for the fellows to develop their solutions.

 

Huddle

As part of the programming, the selected fellows commenced with a 3-day huddle in Diani (Kenyan coast) in September 2022. The huddle provided an opportunity for the fellows to get acquainted, meet the TECA team, experience the ecosystem firsthand. It also marked the beginning of ideating on concepts aimed at addressing challenges identified through interactions with various ecosystem players. Learn more about the huddle.

 

Team Formation

Following the huddle, the fellows teamed up to form co-founding teams with complementary skill sets and common visions.  During the final pitch event, the TECA community selected seven teams to receive $55,000 each in funding to advance their solutions. The founders of these seven startups come from six African countries —Kenya, Egypt, South Africa, Uganda, Zimbabwe and Tanzania. Their solutions focus on addressing gaps in aquaculture, ecotourism, measurement, reporting, and verification (MRV) in conservation, seaweed value chain, mangrove restoration and protection, and financial services for fisher folk.

 

Product Hatchery

Following the program, the Diani Blue Wave startups had the opportunity to participate in a product hatchery that provided critical support to entrepreneurs who had completed the TECA program making equity-free capital available at the proof-of-concept stage.

Supported by:

Diani Blue Wave Startups

AquaMnara

AquaMnara

Kenya | |

A data-driven solution for sustainable aquaculture production. They aim to provide a water quality monitoring device for fish farmers seeking to increase production and efficiency in their farms.

 

 

Carboni Tourism

Carboni Tourism

Egypt, Kenya | |

A community-centered platform for tourists to offset their carbon emissions and support local climate initiatives.

ConserVate

ConserVate

Kenya | |

Utilizing innovative digital technology to build local capacity for monitoring reporting and credible verification (MRV) of conservation impact for both funders and implementers to reverse the effects of climate change.

Mwani Blu

Mwani Blu

Kenya | |

Building a seaweed marketplace with high-level traceability, providing women smallholder farmers with dignified and stable incomes.

RegisTree

RegisTree

Kenya | |

Building a platform for coastal communities that are actively contributing to Resilience and Net Zero Goals to onboard their climate-positive projects for carbon markets.

Vua Solutions

Vua Solutions

Kenya | |

A fintech company seeking to provide affordable and responsible financial services to people working in the blue economy.

Wezesha Aqua Farms

Wezesha Aqua Farms

Tanzania | |

Seeking to address the dwindling wild capture fisheries stocks that negatively impact the livelihoods and socioeconomic status of local fishing communities around the great lakes region in Eastern Africa.

Diani Blue Wave team

 

Blue Economy in East Africa – Wave advisors

 

Resources

[Press Release] BFA Global and FSD Africa create pioneering $3.3m fintech venture launcher for climate resilience in Africa
Climate Action |

[Press Release] BFA Global and FSD Africa create pioneering $3.3m fintech venture launcher for climate resilience in Africa

NAIROBI, Kenya, April 22, 2022 – Today BFA Global and FSD Africa announce the creation of a first-of-its-kind venture...

By Keeya-Lee Ayre
Meet TECA’s inaugural wave
Climate Action |

Meet TECA’s inaugural wave

TECA (Triggering Exponential Climate Action) is thrilled to announce the fellows who have been selected for the first wave focused...

By Carmen Merab
4 Innovation Opportunities to Unlock the Potential of Blue Carbon
Climate Action |

4 Innovation Opportunities to Unlock the Potential of Blue Carbon

The blue carbon wave This week at COP27 in Sharm El Sheikh, Egypt, global thought leaders will come together...

By Tyler Ferdinand
Blue carbon: a climate game changer
Climate Action |

Blue carbon: a climate game changer

To reduce global average temperature rise to well below 1.5 °C by 2030, current greenhouse gas emissions must be...

By Shivani Kotecha
My experience working at a fintech venture launcher for climate resilience
Climate Action |

My experience working at a fintech venture launcher for climate resilience

Climate change is happening at an unprecedented rate and intensity worldwide, threatening sustainable economic growth and development progress. Young...

By Thomas Liu
[Press Release] 7 African Startups to Receive $385k to Develop Solutions for the Blue Economy
Climate Action |

[Press Release] 7 African Startups to Receive $385k to Develop Solutions for the Blue Economy

Nairobi, Kenya, February 8, 2023 – Today, climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the...

By Carmen Merab
Wezesha Aqua Farms receives a $13,000 grant from TECA to implement a gender-smart pilot
Climate Action |

Wezesha Aqua Farms receives a $13,000 grant from TECA to implement a gender-smart pilot

Wezesha Aqua Farms, an aquaculture startup, has received a $13,000 grant from TECA, a climate venture launcher, as follow-on...

By BFA GLOBAL
TECA receives $100,000 in grant funding from Climate Collective to support portfolio companies
Climate Action |

TECA receives $100,000 in grant funding from Climate Collective to support portfolio companies

TECA (Triggering Exponential Climate Action), an initiative of BFA Global, has received a $100,000 grant from Climate Collective to...

By BFA GLOBAL

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