Can African Climate Tech Outrun The Hype? Ventures Platform Has A Plan

Africa's climate tech sector is gaining momentum, marked by record investments and increasing calls for clarity and sustainability. At the Africa Prosperity Summit, Ventures Platform, a leading early-stage venture capital firm, launched its climate tech white paper titled Innovating for a Sustainable Future Leveraging Venture Capital and Startup Innovation to Combat Climate Change in Africa.

The paper aims to unite African venture capitalists VCs and startups around a common goal developing climate-resilient business models that tackle the continent's growing climate challenges. While there is rising optimism for climate tech, some voices in the industry warn against investments driven by hype, disconnected from Africa's unique needs and realities.

The white paper presents a three-pronged framework to steer Africas climate tech ecosystem

• Adaptation Innovations in climate-resilient infrastructure and agricultural practices.
• Mitigation Expanding renewable energy and promoting sustainable land use to reduce emissions.