Country: Burkina Faso
Sector of activity: Industry
Status: Seed funding
Associed fund: I&P Accélération, I&P Accélération au Sahel
Entrepreneur: Calvin Tiam
In portfolio since: 2021

Toiture Economique et Ecologique (TECO²) is a startup created in 2018 that aims to promote green growth in Burkina Faso and Africa through the recycling and valorization of plastic waste. The company produces and markets furniture, roofing and beacons made from recycled plastic waste.

THE ENTREPRENEUR

TECO² was created by Calvin Tiam, an engineer in Industrial Process Engineering and Renewable Energies, who graduated in 2012 from the International Institute of Water and Environmental Engineering (2iE) in Ouagadougou. Calvin Tiam is convinced that entrepreneurship is nowadays the right solution for the economic emergence of developing countries, and has set himself the mission of transforming used plastic bags.

Thanks to his commitment , his company has been able to distinguish  during multiple competitions. His rewards :   

  • Winner of the 1st Prize (Diamond Prize) of the TREMPLIN START-UP UEMOA Competition and best start-up in the UEMOA Community space (December 2020)
  • Winner of the SITRA Prize in the category of the most inspiring solutions of innovations in circular economy worldwide (September 2019)
  • Winner of the Switch Africa Green - SEED Award 2017 organized by the UNEP program with the support of the European Union (July 2017)
  • Winner of the 1st Prix Jeunesse de la Francophonie 35<35 in the Social Entrepreneurial category (October 2016)

 

PARTNERSHIP WITH I&P AND SINERGI BURKINA

TECO² benefits from I&P Acceleration in Sahel, which is implemented in Burkina Faso by Sinergi Burkina sponsored by I&P. The support will allow the company to : 

  • Strengthen its production capacity
  • Secure the supply of raw materials 
  • Strengthen the sales and marketing function
  • Strengthen the structure and the management system

EXPECTED IMPACTS

  • Ecosystem preservation
  • Creation and consolidation of jobs
  • Contribution to cities  sanitation
  • Establishment of good governance

 

About Sinergi Burkina

Created in 2014, Sinergi Burkina is the first impact investment fund dedicated to financing and supporting SMEs and start-ups in Burkina Faso. Headed by Job Zongo, Sinergi Burkina is the second investment fund sponsored by Investisseurs & Partenaires as part of the I&P Développement 2 fund. The fund network currently includes a fund in Niger (Sinergi Niger), Côte d'Ivoire (Comoé Capital), Senegal (Teranga Capital) and Madagascar (Miarakap).  → To learn more about Sinergi Burkina​