{"id":78185,"date":"2024-09-26T03:02:54","date_gmt":"2024-09-26T03:02:54","guid":{"rendered":"https:\/\/www.climatepolicyinitiative.org\/?post_type=cpi_pr&p=78185"},"modified":"2024-10-15T22:14:29","modified_gmt":"2024-10-15T22:14:29","slug":"pre-seed-facility-launch","status":"publish","type":"cpi_pr","link":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/pre-seed-facility-launch\/","title":{"rendered":"The Lab launches Pre-Seed Capital Facility to accelerate the implementation of climate finance solutions"},"content":{"rendered":"\n

San Francisco, 26 September 2024\u2014<\/strong>The Global Innovation Lab for Climate Finance (the Lab) launched today its Pre-Seed Capital Facility, designed to address funding gaps for early-stage climate finance instruments. The facility will provide conditional grants to eligible Lab-endorsed instruments, enabling faster implementation and greater scalability of innovative solutions tackling global climate challenges. <\/p>\n\n\n\n

Since 2014, CPI and The Lab have been at the forefront of developing market-ready mechanisms that mobilize private capital for climate action. Over the past decade, The Lab has created a pipeline of 78 blended finance instruments<\/a> that have helped foster local capacity and build a climate finance ecosystem in emerging markets. However, one key challenge has been the long runway to market for high-impact solutions, often hindered by limited early-stage funding and complex development processes. <\/p>\n\n\n\n

The facility will fund instruments that require between USD 150-250K to move from design to implementation. Through conditional grants, funding will be disbursed upon achieving pre-defined milestones, ensuring efficiency and accountability. <\/p>\n\n\n\n

\u201cThe Lab\u2019s Pre-Seed Capital Facility will allow us to take a more active role in filling critical capital needs for endorsed instruments and accelerating their path to becoming investable,\u201d said Climate Policy Initiative\u2019s Associate Director Ben Broch\u00e9<\/strong>, who leads the Lab\u2019s efforts. \u201cThe funding will help develop prototypes and pilots while addressing the lack of available capital during the critical incubation stage.\u201d <\/p>\n\n\n\n

The Lab is accepting applications for the 2025 cycle<\/h3>\n\n\n\n

Applications for the 2025 Call for Ideas are now open online.<\/strong> Selected ideas will be eligible for the Pre-Seed Capital Facility and receive the Lab\u2019s comprehensive support package, including expert guidance, technical assistance, funder mapping, networking opportunities, and pilot implementation support. Apply here<\/strong><\/a>. <\/p>\n\n\n\n

Interested applicants can submit their preliminary applications from September 26th to November 7th. The Lab is looking for nine innovative solutions to overcome climate investment barriers in emerging markets, with a special focus on: <\/p>\n\n\n\n