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EU, UNDP launch the Energy Innovation Hub in collaboration with Nucleus Ventures

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The EU and the UNDP launch the Energy Innovation Hub in collaboration with Nucleus Ventures

We are excited to announce that the European Union co-funded UNDPCEDRO 5 project, is taking an additional step to support Lebanon’s Clean Energy Transition, by joining forces with Nucleus Ventures in their upcoming program, the Energy Innovation Hub.

The programme offers startups and SMEs access to funding to elevate ideas off the ground, access to new markets, buyers, and business partners, as well as skills and knowledge development through the program’s intense activities and entrepreneurial education.

Throughout their journey, Energy Innovation Hub entrepreneurs will be accompanied by mentors and industry experts for coaching. As well as local and international partners to support their global scaling efforts towards regional and global markets, and most importantly potential clients to validate their innovative ideas and solutions.

By the end of the acceleration program, five start-up teams will be selected and awarded grants to further develop their innovative solutions. These companies, along with other start-ups joining the program, are expected to contribute to the overall use and adoption of Renewable Energy and Energy Efficiency technologies in Lebanon, eventually boosting job creation in the sector.

A Clean Energy Transition

As part of the European Union (EU) support of innovation and entrepreneurship in Lebanon’s clean energy transition, the Energy Innovation Hub will be paving the way for:

  • Tapping into the potential for green jobs and growth, through climate change mitigation technologies in the energy sector
  • Alleviating the financial and the economic burden of the current energy system on the various sectors and sub-sectors of Lebanon
  • Facilitating access to financing
  • Improving the linkages amongst green entrepreneurship, small-and-medium-sized enterprises (SMEs), industries, and research/technology centers
  • The programme is part of the UNDP CEDRO 5 Project and is co-funded by the European Union. The CEDRO 5 project is implemented in partnership with the Association of Lebanese Industrialists (ALI), The Lebanon Green Building Council (LGBC), and the International Renewable Energy Certificates (I-REC) Institution.

Additionally, Nucleus Ventures is partnering with the Lebanese American University (LAU) and Ovation to implement the Energy Innovation Hub programme:

  • The Lebanese American University (LAU) will support the program teams in all areas related to research, development of cutting-edge technologies, and a simulation sandbox of the identified solutions. Ovation will offer key technical expertise as well as creating a bridge for local energy companies to fundraise and commercialize their products and services across international markets.
For further Information

Don’t miss the chance to apply now and be the first to benefit from this unique opportunity. To learn more about the program, eligibility criteria, and benefits, please visit our website: www.eihub-lb.com.

We’re a diverse group of industry professionals from all corners of the world. Our desire is to provide a high-quality telecoms publication that caters to an international market, offering the latest and most relevant telecoms information to businesses, entrepreneurs and enthusiasts.

Press Releases

Monty Mobile: The First Company in the Middle East & Africa to Provide 5G End-to-End Solutions for Telcos

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5G End-to-End Solutions for Telcos

Monty Mobile provides an in-house, cost-effective, well-optimized 4G+ and 5G end-to-end wireless solution serving both small and large-scale mobile and fixed operators targeting both urban and rural areas.

Moreover, operators are offered flexible payment plans for up to 5 years, first payment after 3 years, helping them stay ahead of their competitors.

This on- cloud solution guarantees improved scalability, mobility and security in addition to great savings on both CapEx and OpEx.

With this solution, Monty Mobile is introducing an alternative to Tier1 Telecom Suppliers such as Ericsson, Huawei, Nokia, and ZTE.

“The best is yet to come; stay connected!”, says Mountasser Hachem, Founder & Chairman of Monty Mobile.

More details regarding this full end-to-end solution will be disclosed in the Inside Telecom magazine next month in an exclusive interview.

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Press Releases

Africa’s Leading Independent Telecommunications Services Provider, Phase3 Telecom moves onto Digital Connectivity Enterprise in Nigeria and West African Sub-region

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The upgrades will cover security features, performance enhancements. agile update capacity and quality delivery mechanisms.

ABUJA, Nigeria, March 10, 2022: Africa’s leading independent aerial fiber optic network infrastructure and telecommunications services provider, Phase3 Telecom, is enabling advanced digital connectivity, improved performance and enhanced network security for enterprise. This drive is targeted at cost efficient and unified network endpoint management for businesses in Nigeria and the West African sub-region.

This development is also designed to amplify Phase3 enterprise value active network deployments for MSMEs, large scale corporates and institutions.

According to the company’s executive chairman – Stanley Jegede, “this expansive service optimization is targeted at improved coverage on Phase3 network routes through Africa as well as to assure solutions that help businesses  transform and scale seamlessly.

He says, “Phase3 current network upgrades is an ongoing exercise and will cover security features, performance enhancements, agile update capacity, and quality delivery mechanisms for enterprise segments. Especially in the areas of productive work-from-anywhere or do-business-from-anywhere and digitized remote connectivity solutions”.

In addition to the company’s focus to increase enterprise based networks data handling capacity and their capability to access data within dissimilar sources faster vis-a-vis smarter, as today’s global clime demands.

Jegede, in his concluding statement says, “Phase3 layered digital capabilities will both enhance Phase3 network architecture and compliment legacy connectivity service experience in remote locations with significant Phase3 presence and network access points.

About Phase3 telecom

Phase3 Telecom is a leading independent fiber optic infrastructure with Points-of-Presence (POPs), colocation, and NOCs in Nigeria. Issued a National Long Distance Operator (NLDO) license in 2003 by the Nigerian Communications Commission (NCC), and with a vibrant as well as a dedicated team of experienced professionals, we are the network of choice for high-performance, data-intensive and low latency connectivity that span dedicated internet access, MPLS VPN, metro ethernet, wide area network solutions etc. We currently operate across the ECOWAS region and international markets through strategic partnerships that allow us to connect our clients across 400 cities worldwide. And ours is an extensive and secure network with end-to-end capabilities that service providers and businesses can rely on to scale, manage costs and assure efficiency. As our network continues to evolve into other layered service streams, including cloud-based and network security solutions – our invaluable clients will continue to remain the core of every investment that we make; innovation that we create; and technology that we adopt during the 4th industrial revolution to position us as the network of the future.

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Press Releases

Digital Therapeutics Revenue from Health Insurers to Reach $8 Billion Globally by 2026

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Hampshire, UK – 14th March 2022: A new study from Juniper Research has found that digital therapeutics revenue from health insurers will increase to $8 billion by 2026, up from $1.1 billion in 2022; representing a growth of 610 percent over the next four years. Digital therapeutics are clinically validated software programs for the treatment of chronic medical conditions, either independently or in conjunction with other therapies.

The report found that digital therapeutics facilitate the proactive mitigation of chronic medical conditions before they require costly interventions; enabling health insurers to reduce long-term costs per patient. However, it highlighted that these savings will be limited to health insurers in developed regions, where consumer devices and digitalized health infrastructure are ubiquitous. As such, it noted that health insurers in Africa and Latin America will contribute less than 2 percent towards health insurer-led digital therapeutics revenue in 2026.

A new research, Digital Therapeutics & Wellness: Key Trends, Business Models & Market Forecasts 2022-2026, identified that insurers will also benefit from an ongoing shift among digital therapeutics vendors towards engagement- and results-based payments. It recommends that therapeutics providers looking to leverage this trend prioritize the development of performance benchmarks, as demonstrating improvement and preventing patient abandonment will become a direct monetary issue.

Machine Learning to Move into Advisory Role as Liability Issues Emerge

The report forecasts that the number of people using digital therapeutics will increase by 381% over the next four years, and recognizes that machine learning will be key to this growth by facilitating advanced data analytics, remote patient monitoring, and real-time conversational coaching. However, it cautioned that an ongoing lack of standards surrounding the use of machine learning within digital therapeutics will result in vendors limiting its role in their offerings.

Research author Adam Wears explained: “As developers and healthcare providers increasingly grapple with issues of liability and malpractice, machine learning will transition from a patient-facing role to a diagnostic tool offered through provider-facing dashboards; to be used by clinicians and specialists in a manner akin to traditional computer-aided diagnostics.”

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