“By connecting SMEs identified through the Adaptation Solutions Taxonomy to resources of a world-class accelerator, we can demonstrate how these companies can scale up their solutions to the growing impacts of climate change, especially in the places that are most vulnerable.”Īdedana Ashebir, regional director for Africa and Middle East at Village Capital, said SMEs and startups provide the local, contextualised solutions for climate adaptation and resilience in developing countries.
“Accelerating the growth of selected climate adaptation solutions companies in developing countries is the key final step in the ASAP strategy,” said Jay Koh, managing director of The Lightsmith Group. Run by Village Capital and The Lightsmith Group, ASAP will accelerate 16 SMEs and startups that are scaling climate adaptation and resilience solutions in Africa and Asia.Ī grant-funded initiative also 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.
Applications have opened in Africa and Asia for the Adaptation SME Accelerator Project (ASAP), a programme for SMEs and startups that are scaling market-based and contextualised solutions to critical climate adaptation and resilience challenges.
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