Great Challenges for Great Opportunities
Small and growing businesses in green sectors in developing countries show significant economic potential — a staggering $1.6T investment opportunity over the next decade.
Despite the growing investment, however, green companies face unique challenges to scaling. They require high upfront capital, have relatively slower growth paths, offer longer paybacks for investors, and depend heavily on regulations and subsidies.
Over the last five years the number of organizations supporting small businesses in developing countries has consistently increased; only a few, however, specialize in clean-tech sectors and the unique challenges faced by green businesses. Furthermore, the existing green business incubators and accelerators tend to operate in isolation, without access to international best practices and linkages to other organizations.
What infoDev Climate does
infoDev Climate works with local and global partners to connect and build the capacity of institutions that play a role in enabling the growth of green businesses. These ecosystem actors include incubators, accelerators, cluster organizations, market brokers, investment facilitators, and economic development agencies.
To support the success of these organizations, infoDev Climate has launched the Climate Business Innovation Network (CBIN). This global platform for market intermediaries facilitates connectivity, promotes knowledge sharing, and supports capacity building of business incubators, accelerators, and other climate innovation support organizations.
CBIN activities include annual learning and networking meetings, coaching on best practices and lessons learned, an online community of practice, and pilot activities addressing specific green business incubation and acceleration challenges. CBIN also facilitates partnerships between its members and organizations with specialized knowledge and resources.
Results so far
CBIN has already facilitated several partnerships among organizations, adding value and sharing key insights and data among the entire network. For example, PUM Netherlands is a volunteer organization committed to the sustainable development of small and medium-sized enterprises in emerging markets. CBIN and PUM are collaborating to provide targeted training and strengthen the service delivery of Climate Innovation Centers and other CBIN members in PUM’s priority countries, including Peru, Vietnam, Morocco, India, and Bangladesh.
Climate Innovation Centers (CICs):
- Brazil Climate Innovation Center
- Caribbean Climate Innovation Center
- Ethiopia Climate Innovation Center
- Ghana Climate Innovation Center
- Kenya Climate Innovation Center
- Morocco Climate Innovation Center
- South Africa Climate Innovation Center
- Vietnam Climate Innovation Center