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Catalysing Climate Resilience (CCR)

Overview

Abstract

The CCR programme encompasses three integrated core components:

  1. seeding and incubating bold new climate resilience solutions by developing ideas into viable businesses (Triggering Exponential Climate Action (TECA) venture launcher)
  2. accelerating the growth of promising climate resilience solutions thus creating the demonstration models to attract further capital (Catalyst Fund)
  3. building the wider innovation ecosystem to achieve the leverage necessary for systemic

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

  • 2,164 jobs created, protected and supported
  • 216,000 people supported to better adapt to the effects of climate change
  • 38 climate resilience solutions and businesses that receive follow- on investment (replicated/scaled-up)
  • $11m of finance mobilised/catalysed from the public and private sector for solutions designed to address climate resilience soon after FSD Africa funding
  • 70 innovative climate resilience start-ups in Africa supported through capital, TA and capacity building
  • £24,8m invested by co-investors alongside FSD Africa to support climate resilience business models
  • 70 strategic partnerships/collaborations established in support of ecosystem development
  • 36 knowledge products shared
  • 148 female entrepreneurs supported (40% of TECA and Catalyst Fund cohorts)
  • 296 African entrepreneurs supported (80% of TECA and Catalyst Fund cohorts)

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 (with a focus on FSD Africa’s priority countries)

Project Description

The CCR programme encompasses three integrated core components:

  1. seeding and incubating bold new climate resilience solutions by developing ideas into viable businesses (Triggering Exponential Climate Action (TECA) venture launcher)
  2. accelerating the growth of promising climate resilience solutions thus creating the demonstration models to attract further capital (Catalyst Fund)
  3. building the wider innovation ecosystem to achieve the leverage necessary for systemic

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

  • 2,164 jobs created, protected and supported
  • 216,000 people supported to better adapt to the effects of climate change
  • 38 climate resilience solutions and businesses that receive follow- on investment (replicated/scaled-up)
  • $11m of finance mobilised/catalysed from the public and private sector for solutions designed to address climate resilience soon after FSD Africa funding
  • 70 innovative climate resilience start-ups in Africa supported through capital, TA and capacity building
  • £24,8m invested by co-investors alongside FSD Africa to support climate resilience business models
  • 70 strategic partnerships/collaborations established in support of ecosystem development
  • 36 knowledge products shared
  • 148 female entrepreneurs supported (40% of TECA and Catalyst Fund cohorts)
  • 296 African entrepreneurs supported (80% of TECA and Catalyst Fund cohorts)

Progress

Catalysing Climate Resilience

  • TECA’s first Blue Economy wave launched in April 2022, Fellow application proces and webinar “Expedition” series well underway
  • Catalyst Fund entity in advanced stages of establishment
  • 2 Catalyst Fund cohort members approved by IC and a further 5 under DD
  • 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.

Contact

Updated: October, 2022