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Applications Open in Africa and Asia for Adaptation SME Accelerator Project

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News Desk, News Nation 360 : Village Capital and The Lightsmith Group (“Lightsmith”) announced today that applications have opened in Africa and Asia for the Adaptation SME Accelerator Project (ASAP), a program for SMEs and startups that are scaling market-based and contextualized solutions to critical climate adaptation and resilience challenges. ASAP is a grant-funded

initiative led by The Lightsmith Group and supported by the Global Environment Facility’s Special Climate Change Fund, Conservation International, and the Inter-American Development Bank that seeks to build an ecosystem for small- to medium-sized companies in emerging markets that have technologies, products, and services that can be used to build resilience to the impacts of climate change. Jay Koh, Managing Director of The Lightsmith Group said that accelerating the growth of

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selected climate adaptation solutions companies in developing countries is the key final step in the ASAP strategy by connecting SMEs identified through the Adaptation Solutions Taxonomy to resources of a world-class accelerator, they can demonstrate how these companies can scale up their solutions to the growing impacts of climate change, especially in the most vulnerable places. Each of the sixteen companies selected for the accelerator will have the opportunity to work closely with industry experts, investors, and ecosystem partners to develop the networks they need to scale their impact. All startups in the program will be invited to join Abaca, Village Capital’s global online platform that helps entrepreneurs analyze and prepare their businesses for investment. The network also matches them with the right investors and resources.

Pic : Courtesy

Report : Anustup Kundu