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Regional: Preparation of the ADB Ventures Facility

Nonsovereign (Private) Project | 52295-001 Status: Active

This TRTA will design, pilot, setup, and operationalize the Asian Development Bank (ADB) Ventures Facility (the Facility): a multi-donor trust fund that will contribute towards the sustainable development goals by deploying and scaling impactful technologies and business models throughout the developing Asia-Pacific. The Facility fills an operational gap allowing ADB's Private Sector Operations (PSOD) to provide funding at all stages of the business life cycle. Where necessary PSOD will adopt a One ADB approach, working closely with regional and knowledge departments to leverage ADB's client networks, operations, and industry knowledge. The Facility will provide technical assistance and make catalytic investments in early-stage private companies to accelerate the deployment of impactful technologies and business models. The Facility will have two components: a TA funded business support program and an investment fund.

Project Details

Project Officer
Mellor, Dominic P. Private Sector Operations Department Request for information
Country
  • Regional
Sector
  • Information and communication technology
 
Project Name Preparation of the ADB Ventures Facility
Project Number 52295-001
Borrower/Company
Country Regional
Location Regional
Type or Modality of Assistance
9620 Technical Assistance USD 400,000 Proposed
9620 Technical Assistance USD 200,000 Proposed
9620 Technical Assistance USD 500,000 Proposed
9620 Technical Assistance USD 2.60 million Proposed
9620 Technical Assistance USD 1.30 million Proposed
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Agriculture, natural resources and rural development / Agricultural production

Energy / Energy efficiency and conservation

Finance / Inclusive finance

Industry and trade / Small and medium enterprise development

Information and communication technology / ICT industries and ICT-enabled services

Transport / Multimodal logistics

Water and other urban infrastructure and services / Urban solid waste management

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Office of the Director General, PSOD
Responsible ADB Officer Mellor, Dominic P.
Project Sponsor(s)
Objectives and Scope This TRTA will design, pilot, setup, and operationalize the Asian Development Bank (ADB) Ventures Facility (the Facility): a multi-donor trust fund that will contribute towards the sustainable development goals by deploying and scaling impactful technologies and business models throughout the developing Asia-Pacific. The Facility fills an operational gap allowing ADB's Private Sector Operations (PSOD) to provide funding at all stages of the business life cycle. Where necessary PSOD will adopt a One ADB approach, working closely with regional and knowledge departments to leverage ADB's client networks, operations, and industry knowledge. The Facility will provide technical assistance and make catalytic investments in early-stage private companies to accelerate the deployment of impactful technologies and business models. The Facility will have two components: a TA funded business support program and an investment fund. The Facility will support (through the business support program) and make catalytic investments (through the investment fund) in early-stage private companies (seed to pre-series B). ADB will seek funding commitments of at least $40 million for the investment fund and $5 million TA cofinancing for the business support program (2020-2022 ADB will also contribute $5 million through TASF) to establish and operationalize the Facility. Given the significant variation in progress towards the SDGs and the innovation ecosystem development across the Asia-Pacific, the Facility will tailor its approach to the unique challenges of each country. The business support program will place a greater emphasis on startup support in underdeveloped innovation ecosystems. The startup support program in each country will include a female entrepreneurship award earmarked for a startup with a female co-founder. The market expansion support program will prioritize gender inclusion themes in which at least 50% of the beneficiaries are female. The ADB Ventures investment fund will apply a gender inclusion lens to all investment activities by systematically considering the benefits to females and will actively seek to catalyze and co-invest with impact funds that target women-owned businesses.
Linkage to Country/Regional Strategy
Safeguard Categories
Environment
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Business Opportunities
Consulting Services Under this TA, ADB will also engage 5 near full-time individual consultants (2 international for 32 person-months, 3 national for 57 person-months) and shortterm consultants (an estimated 24 person-months of international/regional consultant inputs) using the individual consultant selection process to ensure quality during the recruitment. ADB will hire one consulting firm (an estimated 12 person-months) for public relations using the quality- and cost-based selection method.
Timetable for assistance design, processing and implementation
Concept Clearance -
Credit Committee Meeting -
Approval -
Last PDS Update 28 Mar 2019

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Related Publications

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