![]() For more information on The Lightsmith Group, please see. Lightsmith won the Global Innovation Lab for Climate Finance competition in 2016 for its concept for the first climate adaptation and resilience private investment strategy and received the Lab’s formal endorsement in September 2017. Lightsmith invests in growth-stage companies providing technology-enabled business services and solutions in the areas of energy, water, food and agriculture, and climate resilience. The Lightsmith Group is an investment firm pursuing superior returns by investing in companies that address critical societal needs. Our affiliated fund, VilCap Investments, has invested in more than 110 program graduates. Since 2009, we have supported more than 1,000 early-stage entrepreneurs through our investment readiness programs. Our vision is a future where business creates equity and long-term prosperity. ![]() Our mission is to reinvent the system to back the entrepreneurs of the future. Village Capital helps entrepreneurs bring big ideas from vision to scale. The dedicated climate resilience accelerator under ASAP, a project supported by the GEF’s Special Climate Change Fund, will connect SMEs with investors and financial markets that can help them develop and grow innovative and impactful climate resilience products and services.”įor more information, reach out to Ben Wrobel at Village Capital or Brian Parham at Lightsmith. In Latin America and the Caribbean, small and medium-sized enterprises have immense potential to develop local climate adaptation solutions for rising climate risks. “Developing countries’ climate adaptation needs are large and diverse, and the private sector has an important role to play in filling the gap. Through ASAP, companies at the intersection of impact, inclusion, and investability will have a chance to bring their ideas from vision to scale.”Ĭarlos Manuel Rodriguez, CEO and Chairperson of the Global Environment Facility: We’re excited to expand our work to help companies build and operational capacity to scale their solutions. “Over nearly a decade, we have worked with so many entrepreneurs providing local, contextualized solutions around climate adaptation and resilience. ![]() ![]() By identifying SMEs in Latin America and the Caribbean through the Adaptation Solutions Taxonomy and connecting them to resources of a world-class accelerator, we can help adaptation entrepreneurs scale up solutions to the growing impacts of climate change, especially in the places that are most vulnerable.”ĭaniel Cossio, Regional Director, Latin America and the Caribbean, at Village Capital: “Accelerating climate adaptation solutions in developing countries is the ultimate step in the ASAP strategy. Jay Koh, Managing Director of the Lightsmith Group: Leaders from each organization spoke about the project: That includes access to Abaca, Village Capital’s global online platform that helps entrepreneurs diagnose their progress and prepare for investment. A sister program is currently underway in Asia and Africa.ĭuring the accelerator, the eight companies will work 1-1 with industry experts, investors, and ecosystem partners to develop the networks and tools they need to scale their impact. The initiative aims to build an ecosystem of small- to medium-sized companies in emerging markets to support technologies, products, and services that build resilience to the impacts of climate change. The accelerator, run by Village Capital and The Lightsmith Group (“Lightsmith”), is focused on supporting startups and small and medium-sized enterprises that are scaling market-based and contextualized solutions to critical climate adaptation and resilience challenges.ĪSAP is a grant-funded initiative led by Lightsmith and supported by the Global Environment Facility’s Special Climate Change Fund Conservation International and the Inter-American Development Bank. Mexico City, Mexico & New York, NY (March 7th, 2022) - Applications opened today for a new environmental accelerator focused on spotlighting climate innovation in Latin America and the Caribbean – ASAP, or the Adaptation SME Accelerator Project.Īpplications close on April 8th, 2022 full eligibility requirements and application can be found here.
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