Regional : Preparation of the ADB Ventures Facility
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.
Mellor, Dominic P.
Private Sector Operations Department
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|Project Name||Preparation of the ADB Ventures Facility|
|Borrower / Company|
|Country / Economy||Regional
|Type or Modality of Assistance||
|Strategic Agendas||Environmentally sustainable growth
Inclusive economic growth
|Drivers of Change||Governance and capacity development
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.|
|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|
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|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|
|Credit Committee Meeting||-|
|Last PDS Update||09 Sep 2021|
|Approval||Signing Date||Effectivity Date||Closing|
|22 Oct 2018||-||22 Oct 2018||31 Dec 2020||31 Dec 2021||05 Sep 2022|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|3,900,000.00||1,100,000.00||0.00||0.00||0.00||0.00||5,000,000.00||01 Oct 2022||4,935,834.05|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|Preparation of the ADB Ventures Facility: Technical Assistance Completion Report||TA Completion Reports||Sep 2022|
|Preparation of the ADB Ventures Facility: Technical Assistance Report||Technical Assistance Reports||Oct 2018|
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.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
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