Click here to register!
Opportunity - CAP Financial Innovation Challenge
From energypedia
Revision as of 13:33, 27 July 2022 by ***** (***** | *****)
►Add a New Opportunity
►See all Opportunities
Title
CAP Financial Innovation Challenge
Organization
UNDP
Type
Awards/Contest
Sector
- Cooking
- Mini-grid
- Solar
- Energy Efficiency
- Productive Use
Country
- Burundi
- Comoros
- Djibouti
- Eritrea
- Ethiopia
- Kenya
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Rwanda
- Seychelles
- Somalia
- Tanzania
- Uganda
- Zambia
- Zimbabwe
Eligibility/Description
Through the CAP Financial Innovation Challenge, UNDP will crowdsource Innovative Financial Aggregation Structures and Models for small-scale, low-carbon energy assets in developing countries. Successful applicants will be awarded up to US$ 40,000 to develop the proposed innovations.
What is the objective of the CAP Financial Innovation Challenge?
- Foster the development of Innovative Financial Aggregation Structures and Models that can help increase the availability and reduce the cost of financing for low-carbon energy in developing countries. And, in doing so, help close the investment gap to achieve universal energy access.
- Facilitate the transfer of know-how and innovative solutions that can help overcome development challenges in developing countries and contribute to the achievement of the Sustainable Development Goals, notably SDG 7 on clean, affordable energy for all and SDG 13 on climate action.
What do the winners get?
- Receive an award of up to US$40,000 to develop a Feasibility Study (over a period of 4 months) for an Innovative Financial Aggregation Structure or Model.
- UNDP will promote the selected Innovative Financial Aggregation Structures or Models within UNDP and to a broader audience across its network.
- Possibility to access the UNDP global presence (+170 countries) and networks to help support the selected solutions to scale-up and replicate to new countries.
- Promising solutions could later be considered for further engagement as part of UNDP’s Sustainable Energy Hub or other UNDP initiatives.
Who can participate?
A wide range of entities can apply as long as they can demonstrate their capacity to develop novel aggregative approaches to financing low-carbon energy and meet the eligibility criteria (see below). This includes:
- "Buy-side" actors: Commercial banks (international or domestic), development banks, impact and mission-driven investors, financial intermediaries, digital and crowdfunding platforms, FinTech, etc.
- "Sell-side" Actors: Project originators or developers and energy companies, such as distributed energy service companies (DESCOS), paygo solar companies, etc.
- Other relevant entities: Government agencies, digital solutions providers, specialised consulting firms, research institutions, industry associations, credit rating agencies, etc.
Deadline
2022/08/31
URL
"Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Seychelles, Somalia, Tanzania, Uganda, Zambia, Zimbabwe" is not in the list (Worldwide, Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, ...) of allowed values for the "Country Opportunity" property.
