Deadline: 12th February 2024 | A remarkable opportunity for innovators seeking to design and launch blended finance solutions in Asia, aimed at addressing climate change and enhancing resilience in developing markets. Supported by influential donors like the Monetary Authority of Singapore and UBS Optimus Foundation, this grant focuses on mobilising private capital in crucial sectors for climate transition.

Funding Focus:

  • Nature-based Solutions (NbS)
  • Clean Energy Transition
  • Sustainable Cities and Infrastructure

Funding Types:

  1. Feasibility Study Grant: $50,000 – $200,000
    • Exploration of investment viability and stakeholder engagement
    • Activities: Assessing investability, market scoping, impact analysis, and designing capital/legal structures
    • Successful studies may lead to proof-of-concept funding
  2. Proof-of-Concept Grant: $200,000 – $400,000
    • For advanced projects with investor interest/commitment
    • Activities: Finalizing structures, fundraising, selecting partners, legal documentation, and developing impact frameworks

Eligibility:

  • Focus on climate change mitigation/adaptation
  • Targeting developing markets in Asia
  • Applicable sectors include sustainable forestry, clean energy, low-carbon transport, and more
  • Open to organizations or consortia (asset owners, foundations, NGOs, etc.)
  • Requirements: Proof of incorporation and recent financial statements

Evaluation Criteria:

  • Development impact, scalability, additionality, innovation, financial viability, applicant track record, and stakeholder support
  • Scored on a scale of 0-100

Application Process:

  1. Stage 1: Submit concept notes and supplementary materials by February 12, 2024, via Convergence Website
  2. Stage 2: Longlisted applicants invited to submit full proposals
  3. Final Stages: Investment Committee review, due diligence, compliance review, and Board approval

Opportunity Highlights: This grant is a golden chance for those passionate about pioneering climate solutions in Asia. With substantial funding, it supports the exploration and realization of innovative projects that can make a meaningful impact on climate resilience and sustainability. Don’t miss this chance to be a part of shaping a more sustainable future for Asia.

Find out more and apply at the official link below:

OFFICIAL LINK

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Apply before 12th February, 2024