Regional: ADB Ventures Technical Assistance

Nonsovereign Project | 54055-001

The ADB Ventures technical assistance (TA) aims to build the market for impact technologies in ADB's developing member countries (DMC). The approach is to partially mitigate market risks for early-stage technology companies (ESCs) expanding into ADB DMCs through two main TA activities called ADB Ventures Lab and ADB Ventures SEED.

Project Details

  • Project Officer
    Mellor, Dominic P.
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Regional
  • Sector
    • Information and communication technology
Project Name ADB Ventures Technical Assistance
Project Number 54055-001
Borrower / Company
Country / Economy Regional
Location Regional
Type or Modality of Assistance
TA 9948-REG: ADB Ventures Technical Assistance
Technical Assistance Special Fund US$ 2.00 million
Clean Technology Fund US$ 3.00 million
Asia Pacific Climate Finance Fund US$ 1.40 million
Nordic Development Fund US$ 1.20 million
Technical Assistance Special Fund US$ 2.00 million
Canadian Climate Fund for the Private Sector in Asia under the Clean Energy Financing Partnership Facility US$ 936,000.00
Regional Cooperation and Integration Fund US$ 500,000.00
Technical Assistance Special Fund US$ 1.00 million
Strategic Agendas Inclusive economic growth
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

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

The ADB Ventures technical assistance (TA) aims to build the market for impact technologies in ADB's developing member countries (DMC). The approach is to partially mitigate market risks for early-stage technology companies (ESCs) expanding into ADB DMCs through two main TA activities called ADB Ventures Lab and ADB Ventures SEED.

(a) ADB Ventures Lab. ADB Ventures will partner with leading innovation partners that have proven and qualified processes for identifying, screening, and validating technology solution providers. Key activities will include the operation of specialized corporate innovation and accelerator programs that (i) aggregate regional industry demand to identify impact technology needs and potential corporate customers in emerging markets; (ii) source high-potential impact technology solutions that solve industry problems; and (iii) incentivize proof-of-concept pilots by pairing ESCs with corporate customers. These activities will leverage ADB's public sector networks in Asia and the Pacific as well as ADB's expansive corporate client and partner networks. ADB Ventures Lab aims to identify and refer at least 120 proof-of-concept opportunities in DMCs to ADB Ventures SEED.

(b) ADB Ventures SEED. A TA grant funding mechanism that allows ADB to provide up to $200,000 to an ESC to validate and de-risk emerging market entry. The selection criteria include commercial and impact indicators. A business model of grantee candidates would have high alignment with ADB Ventures climate and/or gender impact criteria and typically already have existing product traction in at least one market. There should be high potential to deploy and scale impact technologies in one or more DMCs. Preference would be given to ESCs that have been backed by strong local investors. ADB Ventures SEED aims to generate investment opportunities for the venture capital ecosystem.

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
Timetable for assistance design, processing and implementation
Concept Clearance -
Credit Committee Meeting -
Approval -
Last PDS Update 09 Sep 2021

TA 9948-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
31 Jan 2020 - 31 Jan 2020 31 Dec 2022 31 Dec 2023 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
5,500,000.00 6,536,000.00 0.00 0.00 0.00 0.00 12,036,000.00 05 Dec 2022 6,135,034.23

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.

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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.

None currently available.


Evaluation Documents See also: Independent Evaluation

None currently available.


Related Publications

Title Document Type Document Date
Establishment of the ADB Ventures Financing Partnership Facility Statutory Reports and Official Records Jan 2020

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.

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