The newly established Ethiopia Climate Innovation Center (ECIC) hosted the Green Innovation Boot Camp, the first of a series of 48-hour hackathons organized to identify and develop innovative business concepts in the climate technology sector.
Providing a fishing community with access to renewable energy
Robert Wright is managing director of New Leaf Power, and one of the 11 winners of the Proof of Concept competition organized by the Caribbean Climate Innovation Center, an infoDev project that supports innovative entrepreneurship in climate technology.
World Bank’s Climate Innovation Center awards 11 Caribbean entrepreneurs with more than USD 400,000 in concept grants
Kingston, July 9 - The Caribbean Climate Innovation Center (CCIC) — a project of the World Bank and its global entrepreneurship program infoDev — has announced the 11 winners of its first regional Proof of Concept (PoC) competition. The successful applicants will receive grants of up to USD 50,000 to develop, test, and commercialize innovative, locally relevant climate technology solutions.
The findings from the community outreach conducted for this report do not present a one-size-fits-all solution to implement inclusive green growth strategies across all developing countries. Hence, these findings are observed in light of the Gauteng CIC, which aims to facilitate and foster innovative clean technology entrepreneurship within the context of the surrounding township communities.
The Climate Technology Program (CTP) is housed at infoDev, a global technology and entrepreneurship program in the World Bank Group. The CTP supports the private sector in developing countries - targeting SMEs and entrepreneurs - to innovate novel technologies and business models to address local climate challenges.
infoDev's Climate Technology Program (CTP) aims to accelerate the development, deployment and transfer of locally relevant climate technologies. The program’s flagship activity is the design and implementation of CICs, which are currently planned in seven locations: Kenya, India, Ethiopia, South Africa, Morocco, Vietnam and the Caribbean. Each CIC represents a holistic and tailored approach to innovation through financing, business advisory, policy advocacy and technical assistance. This effectively harnesses economic opportunities in developing countries through entrepreneurship and small and medium enterprise (SME) development in the climate technology sector.
Business plan development is part of the feasibility phase of the CIC process. During this phase, infoDev conducts a feasibility analysis via an in-country multi-stakeholder engagement process and sector mapping exercise of the climate innovation landscape.
Climate change is affecting ecosystems around the world, with some of the world’s poorest nations suffering the worst of the effects. As the consequences of increased emissions, deforestation, and other climate challenges become more drastic, global economic growth will increasingly be limited by issues of energy and resource access, security, and volatility. The Climate Technology Program is funded by the Australian Agency for International Development (AusAID), the Danish International Development Agency (DANIDA), UK’s Department for International Development (DfID), the government of Norway, and the World Bank. It aims to transform climate change challenges into market opportunities by offering a suite of local and global programs and financing that build in-country and international innovation capacity in cleantech. As a result, the CTP enables developing country entrepreneurs to be more proactively and profitably involved in one of the most promising sectors of the 21st century.
The CTP’s flagship initiative is the network of Climate Innovation Centers, or CICs. The CICs are entrepreneur and new venture support facilities tailor-made to respond to a country’s development challenges. They provide holistic support that goes beyond traditional incubation, including seed financing facilities, specialized policy interventions and specific network linkages as well as technical facilities, and business training.
On the global level, CTP drives clean-tech innovation by packaging and sharing knowledge from the CICs through our Climate TRACK initiative, mobilizing funds for high-impact technologies through the IGNITE Fund, linking promising companies with global partners and mentors through our cutting-edge Market CONNECT platform, and deploying Impact Xchange—a custom enhanced impact monitoring tool—along with the training to build up the CIC and host-government capacity.
For a deeper look at our Climate Technology Program, check out its chapter in our Work Program.Read More