📋 Tender Overview
PROJECT DETAILS
Project number:
2021.2292.7
Status:
running project
Responsible organizational unit:
G120 Sustainable economic development, digitalization
Contact person:
Frederic Wils frederic.wils@giz.de
Partner countries:
Global projects, convention/sector/pilot projects.
SUMMARY
Goals:
Innovative funding approaches for start-ups and micro, small and medium-sized enterprises (MSMEs) with scalable climate innovations are used by incubators and venture capital investors in emerging and developing countries. xxx
Client:
Federal Ministry for Economic Cooperation and Development
Project partners:
This is a supra-regional sector project
Financier:
not available
ORDER VOLUME
Overall project:
(including all previous, current and subsequent project phases, if applicable)
12 043 015 euros
Current project:
12 043 015 euros
COMBINED FINANCING
Green Climate Fund: 7 943 015 euros
PREVIOUS PROJECT
not available
SUCCESSOR PROJECT
not available
DURATION
Overall project:
(including all previous, current and subsequent project phases, if applicable)
13.12.2021 - 30.09.2029
Current project:
01.04.2022 - 30.09.2029
OTHER PARTIES INVOLVED
Crolla Lowis GmbH
GreenTec Capital GmbH
FURTHER INFORMATION
Project website
not available
DEVELOPMENT POLICY IDENTIFIERS
Gender equality
Significant secondary objective
Climate change, greenhouse gas reduction
main goal
CRS KEY
41010 Environmental policy and administration
EVALUATION
not available
PROJECT DESCRIPTION (DE)
Initial situation:
In the Paris Climate Agreement, 195 countries have committed to limiting global warming to 1.5 degrees Celsius. Technological innovations by start-ups in particular can help to get closer to this goal. In North America and Europe, investments in innovative climate solutions have therefore already increased significantly. However, emerging and developing markets have so far been less attractive for venture capitalists (VCs). In principle, there is less investment experience there, which is why climate start-ups have difficulty obtaining capital. Investment risks for investors are to be reduced by providing founders with targeted financial and technical support in the early stages.
Goal:
Start-ups and young companies in the global south can access venture capital more easily, develop solutions for climate protection and contribute to the climate-neutral transformation.
Approach:
The initiative supports innovative companies in Latin America and West Africa. In regional programs, so-called CATAL1.5°T platforms, it supports around 180 start-ups. Together, they have a climate protection potential of around 58 million tons of greenhouse gas emissions - equivalent to the emissions of Greece in 2021.
The initiative works in four programs:
• The ecosystem approach supports innovation networks with training on measuring climate potential, gender equality and inclusion, and the integration of "en
