Regional: Establishing a Pilot Center to Facilitate Climate Technology Investments in Asia and the Pacific-Promotion of Investment in Climate Technology Products through Venture Capital Funds (Subproject 1)

Sovereign Project | 45134-004 Status: Active

Summary

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Procurement Documents

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Project Name Establishing a Pilot Center to Facilitate Climate Technology Investments in Asia and the Pacific-Promotion of Investment in Climate Technology Products through Venture Capital Funds (Subproject 1)
Project Number 45134-004
Country Regional
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8018-REG: Establishing a Pilot Center to Facilitate Climate Technology Investments in Asia and the Pacific - Promotion of Investment in Climate Technology Products through Venture Capital Funds (Subproject 1)
Technical Assistance Special Fund US$ 842,000.00
Climate Change Fund US$ 950,000.00
Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 1.50 million
TA 8018-REG: Establishing a Pilot Center to Facilitate Climate Technology Investments in Asia and the Pacific - Promotion of Investment in Climate Technology Products through Venture Capital Funds (Subproject 1)
Global Environment Facility US$ 2.90 million
TA 8018-REG: Establishing a Pilot Center to Facilitate Climate Technology Investments in Asia and the Pacific-Promotion of Investment in Climate Technology Products through Venture Capital Funds (Subproject 1)(2nd Supplementary)
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Agriculture, natural resources and rural development - Agricultural production - Irrigation - Land-based natural resources management

Energy - Energy efficiency and conservation

Finance - Infrastructure finance and investment funds

Health - Health system development

Transport - Urban public transport

Water and other urban infrastructure and services - Urban solid waste management - Urban water supply

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design

As part of the market research for ADB's Asia Climate Change and Clean Energy Venture Capital Initiative, interviews with over 50 venture capital firms and over 10 investors were conducted in Australia, PRC, India, Japan, Singapore, South Korea, and United States. In addition, three luncheon meetings were organized in Mumbai, Seoul, and Beijing where over 80 fund managers participated.

With respect to the TA component of the Initiative, most venture capital fund managers, especially generic venture capital funds indicated that the value-added services to be provided through the Initiative's grant program will facilitate their entry or expansion to climatech industry.

During Project Implementation The TA will conduct seminars and share reports with stakeholders including potential local managers for climatech venture capital funds and interested international partners.

Business Opportunities

Consulting Services The TA will require inputs estimated at 271 person-months from international consultants and 89 person-months from national consultants. Consulting firms will be engaged to establish a global anchor team and regional teams that will provide advisory assistance to selected venture capital fund managers.

Responsible Staff

Responsible ADB Officer Priyantha Cabral Wijayatunga
Responsible ADB Department Sustainable Development and Climate Change Department
Responsible ADB Division SDCD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 18 Mar 2014

TA 8018-REG

Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
2,292,000.00 4,400,000.00 0.00 0.00 0.00 0.00 6,692,000.00 - 0.00

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Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

Title Document Type Document Date
Cleantech Start-ups Can Solve Climate Change Brochures and Flyers Jul 2016

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