Press Release — Accelerate2030 Launches at the Global Festival of Action on the 25th of March

In 2016 Accelerate2030, the world’s largest program for entrepreneurial solutions towards the Sustainable Development Goals (SDGs), was initiated by Impact Hub Geneva together with the global Impact Hub network and the UNDP. Since then, the program has grown to attract over 1600 impact driven entrepreneurs, in over 24 locations across Africa, Asia, Eatern Europe and South America, gaining the support of partners like the Swiss Agency for Development and Cooperation, Pfizer, Mava Foundation, International Trade Center, Boston Consulting Group and more.

This year, Accelerate2030 is launching the 4th edition of the program across 20+ locations, at the SDGs Global Festival of Action in a session themed ‘Partnerships for Circular Economy’. The SDG Global Festival of Action is a ground-breaking annual event, powered by the UN SDG Action Campaign. Its overall aim: find new ways to inspire and accelerate action on the Sustainable Development Goals (SDGs). Previous in-person editions brought together more than 10,000 SDG change-makers resulting in accelerated solutions, tools and networks coupled with renewed enthusiasm and ambition to achieve the Goals by 2030.

The Accelerate2030 session will unpack the concept of circular economy as a roadmap to the Sustainable Development Goals and a pathway to a low-carbon future. Starting with an inspirational introduction by bold thought leaders in the field Kate Raworth, Author of Doughnut Economics and André Hoffman, President of the Mava Foundation and Vice Chairman Roche Holding, the workshop will be followed by practical insights from Accelerate2030 entrepreneurs like Muhhamad Fauzal Rizki, CEO of Sampangan, who are making an invaluable economic shift on the ground. The session will particularly focus on the importance of multi-stakeholder partnerships in driving circularity globally. At the session we will also launch the latest Impact Report, featuring the results and learning from the program in the past 4 years.

The session is open to a general audience, and it will be particularly beneficial to entrepreneurs and businesses seeking a combination of economic, social and environmental outcomes, companies looking to integrate circularity in their work, public actors in charge of sustainable development and planning, environmentalists, and enthusiasts. The aim is to inspire and enable the attendees to implement circularity principles in their everyday work, and provide them with access to knowledge and engagement opportunities through the 4th edition of Accelerate2030, which will be implemented across 20+ locations: Mexico, Colombia, Brazil, Argentina, El Salvador, Costa Rica, Venezuela, Nicaragua, Zimbabwe, Nigeria, Rwanda, Zambia, Côte d’Ivoire, Mali, Tanzania, Sudan, Malaysia, Indonesia, Cambodia, Taiwan, China, Turkey, Croatia and North Macedonia.

For more information, and to register to participate, visit bit.ly/a2030festivalofaction. The event will also be live streamed on live.globalfestivalofaction.org

Impact Hub Lagos

The COVID-19 pandemic put in evidence that no organisation or individual can address the global economic, social and environmental challenges that we face with an independent approach. It is now time to rebuild the existing business models with a more circular approach and address change by prioritising solutions that help reform systems around the world.

In this year’s edition, Impact Hub Lagos is integrating the “future fit business” framework of circular economy into our programme curriculum, not only because we believe that this is the only way to achieve the SDGs by 2030, but also because the framework acts as a clear roadmap for cross-sectoral industrial and social transformation.

Circular economy (CE) is a systemic approach, whose purpose is to reduce the consumption of natural resources and to retain the value of materials, components and products for as long as possible. As a result it strengthens regional value chains, offers opportunities to develop new business models and to achieve a sizable number of the SDGs. Through narrowing (multipurpose tools for maximized use), slowing (durable and repairable goods), closing (reused components and recycled materials), and regenerating (renewable materials and energy), dependencies on global markets are reduced and risks are minimized without compromising social (consumer) needs. The circular economy offers a wide range of social and industrial solutions to mitigate global warming, strengthen adaptive capacity, and improve social resilience.

Much of the Circular Economy debate focuses on highly industrialized countries, due to their dependency on natural resources, and the resulting and increasing need for more resource efficiency and closed-loop systems. The industrialized world also produces high volumes of waste, even if this is managed relatively efficiently. Yet the true impact of consumption levels of industrialized countries extends far beyond their national borders, with much of the environmental and social costs incurred elsewhere.

Africa is potentially one of the most ‘ready-for-circularity’ continents because its ecological footprint is still very low. The continent’s chances of moving towards circular business models are easier than in other continents where most infrastructure was built without their next life cycles in mind. A study conducted by Abayomi Ogunsanwo and Atinuke Ayo-Balogun found that “circular industrial activities will facilitate sustainable development in Nigeria and therefore recommends that government should intensify effort to promote activities in the recycling industry.”

Targeting CE adopting / implementing ventures, IHL aims to accelerate up to 10 innovative ventures across Nigeria with 4–6months support including, Individual Diagnostic Bootcamps on Scaling, Investment readiness, Leadership, Impact Measurement plus Expert support and mentorship as well as Facilitated access to investors and pitching events.

Through empowering entrepreneurs/ventures in Nigeria, we aim to increase entrepreneurial awareness of CE principles as well as foster global synergies and local communities of practice around the topic.

Applications open in April 2021.

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