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Catalysing Climate Resilience (CCR)

Overview

Abstract

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.

Results

Project Details

Project Title

Catalysing Climate Resilience (CCR)

Implementing Partner

BFA Global (Catalyst Fund, TECA, CIFAR Alliance)

Donor(s)

FCDO

Value (in £)

5,694,796

Implementation Period

2022 - 2026

Countries Covered

Africa

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.

Target results

Progress

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

Contact

Updated: August, 2024