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The FiCS Lab invites interested public development banks and their development partners to apply for Cycle 2 of the FiCS Lab Incubator. The Call for Proposals is now open through the FiCS Lab Incubator Submission Portal and will run from September 8 to December 5, 2025.

Further details on the Incubator Cycle 2 and eligible proposals were provided in a recent webinar, with a recording viewable in the link below.

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The Incubator is looking for proposals on financial instruments that target climate finance in emerging markets and developing economies, and that demonstrate innovation, actionability, and catalytic potential.

Interested applicants are encouraged to review the FiCS Lab Incubator Guidelines, which covers eligibility requirements, evaluation criteria, information on financial and technical support, and Incubator timeline. PDF of the application is also available for reference. 

Interested applicants also can find answers to frequently asked questions in the FiCS Lab FAQs, and are encouraged to reach out to the FiCS Lab Secretariat at ficslab@cpiglobal.org with any questions and to request a meeting with the team to discuss specific questions and/or concerns.

The application deadline for Cycle 2 is December 5, 2025 at 11:59 PM US Pacific Time.

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