The Green for Growth Fund (GGF) has launched clim@, a new competition for innovative businesses or projects that have the power to change current practices and demonstrate strong positive climate impact.
Fostering energy conservation, renewable energy and resource efficiency as keys to a sustainable future, the GGF has opened the call for applications globally for businesses, experienced start-ups, NGOs and other relevant organizations who work to transfer and scale up market-ready concepts in the fields of sustainable energy and resource efficiency – including energy efficiency, CO2 emissions reductions, and improved water, waste and material management.
clim@ is looking for innovative approaches to financing, new business models or novel concepts to raise awareness and mobilize new target groups to take climate action, the GGF says in press release.
Applications are open until April 15, 2018.
Applicants are competing to receive professional mentoring to develop their entry, a chance to pitch their idea to potential sponsors and investors, and a share of EUR 30,000 in prizes.
Fifteen outstanding applicants will be selected to present their projects at a pitching event in Frankfurt, as well as attend the Sustainable Future Forum, a gathering of 200 international leaders in the climate and sustainable finance communities, presented by the Green for Growth Fund (GGF). At the event, three grand finalists will pitch their projects. The winner will receive an award of EUR 15,000, followed by EUR 10,000 and EUR 5,000 for second and third place.
clim@ is organized by Finance in Motion GmbH on behalf of the GGF Technical Assistance Facility (TAF) and sponsored by the European Commission and the German Federal Ministry for Economic Cooperation and Development (BMZ).
The GGF was initiated as a public-private partnership in December 2009 by Germany’s KfW Development Bank and the European Investment Bank (EIB) with financial support from the European Commission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development (EBRD), and the Austrian development bank OeEB.