Tanzania - Startup under 3 years old

Describe your project or startup in a few words

EcoNetix is dedicated to advancing a global NetZero economy. By leveraging data-driven strategies and AI for transparency, EcoNetix invests in impactful, cost-effective carbon reduction projects, issuing carbon credits to significantly reduce GHGs.

01.01 Describe your startup in more detail

EcoNetix is a global asset manager of high-integrity carbon projects. We are currently active in 9 countries on 3 continents with over 6 billion m2 of carbon projects under management. With our data-driven and AI-backed tech solution, we digitize carbon projects and monitor and track CO2 while collecting millions of project related real-time data every day. Our mission is to save 100 million tons of CO2eq within the next decade and bring trust back to the carbon market.

01.02 What is the main problem you are trying to solve?

Evaluating the effectiveness of CO2 compensation projects can be challenging, as initiatives like reforestation are often audited infrequently. To enhance market transparency, we developed a technology solution that uses sensors to collect real-time data in the field. Through that, we want to reach our goal to restore trust in the carbon market and build a global carbon credit portfolio to effectively reduce greenhouse gas emissions.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

EcoNetix is dedicated to advancing a global NetZero economy by funding projects that significantly cut greenhouse gas emissions. By aligning with international climate goals, EcoNetix supports sustainable energy, carbon capture, and reforestation efforts, ensuring a broad and lasting impact on achieving a NetZero future. EcoNetix uses advanced data analytics to make its projects and their monitoring both impactful and cost-effective. This data-driven approach allows for precise resource allocation and project implementation, resulting in significant emissions reductions at lower costs. Transparency is key at EcoNetix. This is why we employ AI and a generally data-driven approach. AI ensures stakeholders have access to accurate information and helps identify issues early, allowing for quick corrective actions. This commitment to transparency builds trust and enhances the efficiency and effectiveness of our projects.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

As carbon credits are actually relevant for all kinds of different stakeholders, also our targeted beneficiaries are diverse. At the moment, we mainly focus on projects in Africa and Middle East in the near future. Our customers are mainly based in Europe and Middle East, financing these projects. They range from (large) enterprises to institutions and countries.

01.05 When was your company established?

2023-09-01

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

4

01.08 Among the other owners, how many are female?

0

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Jakob Zenz - serial entrepreneur and founder; built a million dollar business in Uganda and sold it. Vast and deep experience in East Africa, lived in Juba, Dar es Salam, Kampala and Nairobi. Honorary Consul of Uganda to Austria. Served 1500 smallholder farmers with his meat factory in Matuga, Uganda. Employed 150 people of which half of them where women, strong emphasis on empowerment of women. Created a social security and school fee fund for his employes to be able to pay all medical bills for the workers and sent over 890 children to school.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://econetix.net/

01.11 Which industry best describes your project?

h) IT (digital services, equipment and software)

02.01.01 My startup contributes to the No poverty goal

6

02.01.02 No poverty - Justification for my startup

Our projects in Africa employ regional employees and our partner companies pay fair wages that support them being able to live a good life and give them new sources of income.

02.02.01 My startup contributes to the Zero hunger goal

6

02.02.02 Zero hunger - Justification for my startup

Our projects in Africa employ regional employees and our partner companies pay fair wages that support them in living a good life. Furthermore, our data-supported afforestation projects ensure high-quality of the grown forests.

02.03.01 My startup contributes to the Good health and well-being goal

6

02.03.02 Good health and well-being - Justification for my startup

Our "Yellow Futures" project replaces fossil lighting systems with solar lighting systems in low-income households in the DRC. These products provide clean, renewable energy for lighting.

02.04.01 My startup contributes to the Quality education goal

5

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

6

02.05.02 Gender equality - Justification for my startup

Our "GreenFutures" project gives special attention to the involvement of women in the project activities.

02.06.01 My startup contributes to the Clean water and sanitation goal

5

02.06.02 Clean water and sanitation - Justification for my startup

Our "BlueFutures" project builds mangroves in Tanzania and through that supports SDG 6.

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

Our "Yellow Futures" project replaces fossil lighting systems with solar lighting systems in low-income households in the DRC. These products provide clean, renewable energy for lighting.

02.08.01 My startup contributes to the Decent work and economic growth

6

02.08.02 Decent work and economic growth - Justification for my startup

We strongly support SDG 8 by partnering up with local partners that employing regional employees and pay fair wages.

02.09.01 My startup contributes to the Industry innovation and infrastructure

4

02.09.02 Industry innovation and infrastructure - Justification for my startup

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

We want to achieve effective and trustful carbon emission reduction through high-quality carbon credits. Our goal is to save 100 million tons of CO2 equivalents over the next decade.

02.14.01 My startup contributes to the Life below water goal

6

02.14.02 Life below water - Justification for my startup

Our "BlueFutures" project builds mangroves in Tanzania, which are a high-quality habitat to marine organisms.

02.15.01 My startup contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification for my startup

Through our afforestation and reforestation projects, we strongly support SDG 15. We build high-quality mixed forests and mangroves that restore regional African ecosystems, reverse land degradation and halt biodiversity loss.

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

4

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

06.02 The product/service represents an entirely new type of product/service.

4

06.03 The product/service could be described as a new technology.

4

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

7 - Strongly Agree

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

4

06.08 Justification for my startup

dMRV solutions will become the market standard in the carbon sector, carbon credits will become a global commodity product to decarbonize our economy and society. Carbon projects are a win win win, for our nature, local communities, and our fight against climate change. EcoNetix stands out with its proprietary data-driven and AI backed DMRV solution, its ability to manage large scale projects, and its high integrity standards.

06.09 Competitive Analysis

Pachama, OFP, purely satellite based - as asset manager we cover a wide range, while focusing on the unit economics to make the product affordable and therefore, be able to scale quicker then others

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

yes - in our mangrove planting project - all planting teams are women lead. All financials are handled by women.