Over 1 million euros in grant funding will be available to support the three most viable climate solutions. The overall winner of the challenge will get the opportunity to present at COP26 this year in Glasgow, Scotland. All selected businesses and projects will receive support from WWF and SNV (the DFCD’s Origination Partners), which will help them become (more) eligible for DFCD follow-on debt or equity finance.
The effects of rising sea levels, flooding, droughts and unpredictable weather patterns are all major threats to fragile ecosystems and societies that depend upon these ecosystems services. A business proposal for the challenge should strengthen the resilience of the landscapes in our three focus countries Uganda, Kenya and Bangladesh.
Launch of the Challenge at the Global Adaptation Summit
Live sessions to understand climate challenges in selected landscapes
Cooperation between DFCD and its partners with organisations delivering promising proposals. This includes virtual sessions and sessions in-person in the relevant countries.
Selection of the three finalists.
Preparation of the three finalists for COP together with DFCD and its partners
Three finalists present their cases at COP26 in Glasgow and the ultimate winner chosen.
The project needs to have substantial impact on climate adaptation or mitigation, and must benefit local communities and vulnerable groups.
The project needs to scale quickly and ideally already has a proven track record.
The project needs to fit with the need of local communities and ecosystems, and ideally create synergies with other projects and industries.
The project needs to demonstrate how it will be able to generate a positive return on investment.
Any type of organisation can apply. However, organisations should in principle have a total value of assets of at least 10 million USD, or an annual turnover of at least 15 million USD.
Over 1 million euros in grant funding will be available to support the three most viable climate solutions. The overall winner of the challenge will get the opportunity to present at COP26 this year in Glasgow, Scotland.
