Venture firm Factor(E) delivers energy solutions to developing nations
by Sarah Shemkus from on (#PH90)
A Colorado nonprofit funds and supports new businesses looking to improve energy access in developing countries
A few years ago, engineers Morgan DeFoort and Jason Prapas were creating clean cookstoves for use in the developing world. Today, they lead a far broader multimillion-dollar effort to bring better energy services to some of the world's poorest communities.
Colorado-based Factor(E) is what DeFoort and Prapas call a "venture development firm": part seed investor, part accelerator and part business advisor. It aims to nurture young businesses with the potential to improve energy access in developing countries.
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