Olugbenga Olubanjo (CivE MASc 1T9), founder and CEO of Reeddi Inc, has been recognized as a 2020 Lo Family Social Venture Fund Award winner.
The announcement:
Reeddi innovatively provides clean, reliable and affordable electricity to individuals, households and businesses operating in the energy-poor regions of the world. Operating a hardware-as-a-service model through our proprietary energy generation & distribution system ensures customers pay an affordable rental fee to easily access clean electricity anytime and anywhere.
Reeddi was recently accepted into Third Derivatives as one of 47 startups from over 600+ startups that applied to this prestigious accelerator from across the globe.
Established in 2020 through a generous $500K donation from Kenneth and Yvonne Lo and family, the Lo Family Social Venture Fund helps U of T students and recent graduates take the most promising, solutions-based social enterprises to the next level, providing support for student-driven ventures that will positively impact the global community – particularly in Asia.
A total of 18 U of T students and recent alumni have been awarded up to $30K in funding.
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Read the full story, and learn about other award winners, at: https://entrepreneurs.utoronto.ca/news/lofamilyfund2020/
Past stories about Olugbenga Olubanjo on the CivMin website include: