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Platform Status: Pre-Revenue · Pre-Incorporation · Conditionally Feasible · ESC-IPM-2026-003 · May 2026 — No contracts signed. No financing secured. No operating assets deployed. All projections are management estimates only.
Capital Stack & Funding Roadmap

USD 1M founder equity. USD 9–12M assembled stack.

Eleven capital layers across Canadian federal programs, US development finance, multilateral DFIs and carbon-credit revenue. Grants are upside — the base case is self-funded with a single BDC facility.

LayerSourceAmountTypeTimingProbability
L1Founder Equity — FATUMA ABDULKARIMUSD 1,000,000CommittedActive100%
L2CanExport SMEs — Global Affairs CanadaCAD 50,000Non-repayable grantMonth 1–3HIGH (90%+)
L3NRC IRAP — National Research CouncilCAD 300,000Non-repayable R&DMonth 2–4HIGH
L4BDC Climate Tech — Business Dev. Bank CanadaCAD 500K–2MEquity + debtMonth 4–7MED-HIGH
L5EDC Export Guarantee — Export Dev. CanadaCAD 1M–3M+Loan guaranteeMonth 5–8HIGH
L6USAID Power Africa — diaspora priorityUSD 250K–500KGrant + TAMonth 8–12MED-HIGH
L7World Bank ADELE / ASCENT — procurementPer tenderProcurement contractMonth 7+MEDIUM
L8IFC — International Finance CorporationUSD 2M–5MConcessional loanYear 2MEDIUM
L9AfDB SEFA — African Development BankUSD 500K–3MConcessional / grantYear 2MEDIUM
L10Verra VCS / Gold Standard — Carbon revenueUSD 80K–300K/yrRevenue streamYear 3+HIGH
L11Impact Bonds — DFI results-based financeUSD 1,200,000Results-basedYear 3–4MEDIUM
TOTALAssembled stack across 11 sources≈ USD 9–12 Million
11-Layer Capital Architecture

USD 1M founder equity → USD 9–12M deployable.

Hover any layer to reveal source, instrument, and dilution profile. Mostly non-dilutive, blended-finance structure designed for institutional comfort.

EquityGrantDebtConcessionalCarbon
[ Select a layer ]

Designed for institutional comfort.

The stack maximises non-dilutive capital and blended-finance instruments, preserving equity for founder + strategic partners while de-risking project deployment via sovereign-aligned grants and DFI lines.

Layers
11
Non-dilutive
~72%
Target
USD 12M
Canadian Federal Programs

Capital unlocked by Canadian citizenship.

Programs below are exclusively available to Canadian-incorporated entities with Canadian-citizen founders. Fatuma's full eligibility is a strategic moat, not a coincidence.

CanExport SMEs

Up to CAD 50K, 50% non-repayable cost-share. Canadian SME with Ethiopian export activity. Apply Month 1.

NRC IRAP

Up to CAD 300K, 80% R&D cost-share. Solar assembly research qualifies. Ongoing intake — engage IRAP advisor Month 2.

EDC Export Guarantee

CAD 1–5M+ loan guarantee against export receivables. USD 1M Ethiopian assets qualify as collateral.

BDC Climate Tech

CAD 500K–2M blended equity + debt for cleantech SMEs. Federal anchor lender for Canadian climate ventures.

Exit Framework

Built to be sellable from Day 1.

Strategic Energy Buyer
Engie, EDF, Masdar, ACWA Power
EBITDA × 10–12
Indicative multiple
Development Finance / DFI
IFC, AfDB, CDC, FMO
EBITDA × 8–10
Indicative multiple
Private Equity (Africa-focused)
Helios, Africa50, DPI
EBITDA × 8–10
Indicative multiple
Year 5 EBITDA USD 5.94M × 8–10× multiple → USD 47–60M enterprise value range.

Request the capital stack memorandum.

Contact Investor Relations