The CCIC will offer financing, training, mentorship, and other services to a growing network of innovators in the areas of solar power, energy efficiency, water management, resource use efficiency, and sustainable agribusiness.
It is expected to support up to 80 sustainable climate technology ventures in the first five years, generating $11 million in economic impact and helping 35,000 people increase their resiliency to climate change.
Funded by infoDev and the Department of Foreign Affairs, Trade and Development of Canada, the Caribbean CIC was developed in close collaboration with regional public and private sector partners. It is hosted by the Scientific Research Council based in Kingston, Jamaica and the Caribbean Industrial Research Institute in Trinidad &Tobago, and will maintain satellite hubs in other islands.
The CCIC is currently accepting applications for proof-of-concept grants of up to $50,000 to facilitate product development, prototyping, testing, or piloting a product or service. Caribbean green ventures are invited to apply by March 30.
The CCIC is part of infoDev’s Climate Technology Program, which is establishing CICs in seven other developing countries and the global infrastructure to link them. The first one, in Nairobi, has supported over 75 companies since its launch in September 2012.