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Innovex logo — Creating Technologies for Africa

Innovex

Creating Technologies for Africa

Founded 2015 Uganda Kampala, Uganda 25 employees Grant Total: $524.84K Energy, Information Technology +1

General Information

Company Name Innovex
Founded Year 2015
Location Uganda Kampala, Uganda
Employees 25
Industries Energy, Information Technology, Renewable Energy
Funding Stage Grant
Social

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About Innovex

Innovex is a startup based in Uganda that is revolutionizing the innovation landscape in Africa. With its three core offerings, the company is making a significant impact in the energy and information technology sectors. The first product, Remot, is an energy management system that has been instrumental in unleashing the potential of solar businesses across Africa. Through rigorous research and product development, Remot has successfully navigated market validation and adoption, and is now in the scaling phase. In addition, Innovex has also introduced the Innovex certificate, an initiative that has provided practical skills training to over 350 young individuals since 2015. This program aims to cultivate a new wave of African technological innovators who possess the capability to analyze the continent's development challenges and devise suitable hardware and software solutions. Furthermore, Innovex's store facilitates access to modern equipment and components essential for project prototyping and development. By establishing partnerships with global manufacturers and distributors, the company ensures that these critical components are available at competitive prices. Supported by the comprehensive training provided, the store plays a pivotal role in empowering individuals to build technological solutions. In 2021, Innovex secured a grant investment from the International Trade Centre, further solidifying its position as a leading player in the energy and information technology industries. Since its establishment in 2018, the company has remained steadfast in its commitment to driving technological advancement in Africa. With its innovative solutions and strategic partnerships, Innovex is well positioned to continue shaping the future of the continent's innovation ecosystem.

Business keywords: Energy Management, Solar Technology, Training Programs, Technological Innovation, Hardware Development, Software Development, Market Validation, Scaling, Access to Equipment, Components Distribution, Partnerships, African Development, Market Research, Youth Engagement

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Grant Undisclosed 1
International Trade Centre
International Trade Centre
01 Dec 2021
Seed Round $100.00K 1
Gaia Impact Fund
Gaia Impact Fund
19 Jan 2021
Grant $13.00K 1
Royal Academy of Engineering
03 Sep 2020
Debt Financing $22.00K 1
Ondernemers voor Ondernemers
01 Jan 2019
Grant $379.84K 2
Energy Saving Trust
Energy Saving Trust, Carbon Trust
01 Jan 2019
Grant $10.00K 1
Cisco
Cisco
01 Jan 2018

Innovex Alternatives & Competitors

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FAQ About Innovex

Creating Technologies for Africa
Innovex was founded in 2015.
Innovex is headquartered in Kampala, Uganda.
Innovex operates in Energy, Information Technology and Renewable Energy. Its work centres on Energy Management, Solar Technology, Training Programs and Technological Innovation.
Innovex has approximately 25 employees.
Innovex has completed 6 funding rounds, raising a total of $524.84K. The latest funding stage is Grant.
Top alternatives and competitors to Innovex include MyJouleBox, Raptor Maps, Tewer Engineering, 株式会社エネコートテクノロジーズ, Mynt Energy Tech. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Innovex and MyJouleBox are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Innovex, https://bouncewatch.com/company/innovex-1, updated 24 October 2024. When citing, please name BounceWatch and link this page.

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