fbpx Establishment of the ADB Ventures Financing Partnership Facility | Asian Development Bank

Establishment of the ADB Ventures Financing Partnership Facility

Institutional Document | January 2020

ADB Ventures is a new venture platform that will support and invest in startups offering impact technology solutions that contribute to achievement of the Sustainable Development Goals in Asia and the Pacific.

ADB Ventures Investment Fund 1, the facility’s anchor trust fund, has a target size of $50 million. It will mainly invest in companies with solutions that can address climate change and empower women. The fund has a 17-year fund life, allowing ADB to invest patient capital into cleantech, fintech, agricultural technology, and health technology solutions. Unlike traditional venture capital funds, ADB Ventures investment fund 1 is augmented by a three-year, $12 million technical assistance program that will support impact technology startups through two main activities. ADB Ventures SEED is a grant program to validate and de-risk technology pilots and promote expansion into emerging markets that startup companies might otherwise not prioritize. ADB Venture Lab is a suite of corporate innovation programs implemented in partnership with industry and leading accelerators for startups. ADB Ventures will leverage ADB’s operational networks and industry expertise to generate technology pilot opportunities and support ADB Ventures Investment Fund 1 portfolio companies.

Contents 

  • Introduction
  • Background and rationale
  • Objective and scope
  • Eligibility criteria
  • Contributions
  • Implementation arrangements
  • Administrative arrangements
  • Risk management and mitigation
  • The president's recommendation
  • Appendixes