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Catalysing Climate Resilience (CCR)

Overview

Abstract

The CCR programme encompasses three integrated core components:

TECA (Triggering Exponential Climate Action): A venture launcher for seeding and incubating bold new climate resilience solutions, developing ideas into viable businesses.
Catalyst Fund: Accelerating the growth of promising climate resilience solutions and creating the demonstration models to attract further capital
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

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

Project Description

The CCR programme encompasses three integrated core components:

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

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 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