Catalysing Climate Resilience (CCR)

Project description

The CCR programme encompasses three integrated core components:

1. TECA (Triggering Exponential Climate Action): A venture launcher for seeding and incubating bold new climate resilience solutions, developing ideas into viable businesses.
2. Catalyst Fund: Accelerating the growth of promising climate resilience solutions and creating the demonstration models to attract further capital
3. Ecosystem Development: Building the wider innovation ecosystem to achieve the leverage necessary for systemic acceleration of digital innovations for adaptation and resilience.

Uniting these three components is a shared set of underlying investment theses: products and services that help vulnerable households and businesses manage, adapt, and build resilience to climate change.

Progress to date

Catalysing Climate Resilience

• TECA’s first Blue Economy wave launched completed in May 2023
• 30 fellows selected and taken through TECA venture launcher program.
• 7 ventures selected for the initial investment and being supported to raise further funding.
• Catalyst Fund entity established, and the first cohort of 10 ventures received $200,000 investment support.
• Investor roundtables convened in Nairobi, Lagos and Cairo and Fintech x Resilience Challenges completed in Lagos and Cairo, with 2 winners announced: SosoCare in Nigeria and Baramoda in Egypt.
• Supported the establishment of the CIFAR Alliance; a global initiative working to accelerate responsible innovation in digital finance for climate adaptation and resilience

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