Regional : ADB Ventures Technical Assistance
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
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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 |
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| Location | Regional | ||||||||||||||||||
| Type or Modality of Assistance |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability OP4: Making cities more livable OP5: Promoting rural development and food security OP6: Strengthening governance and institutional capacity OP7: Fostering regional cooperation and integration |
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| 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 |
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| Gender | Effective gender mainstreaming | ||||||||||||||||||
| Responsible ADB Department | Private Sector Operations Department | ||||||||||||||||||
| Responsible ADB Division | Office of the Director General, PSOD (OPSD) | ||||||||||||||||||
| 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. |
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| Linkage to Country/Regional Strategy | |||||||||||||||||||
| Safeguard Categories | |
|---|---|
| Environment | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
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| Concept Clearance | - |
| Credit Committee Meeting | - |
| Approval | - |
| Last PDS Update | 24 Mar 2023 |
TA 9948-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 31 Jan 2020 | - | 31 Jan 2020 | 31 Dec 2022 | 31 Dec 2024 | - |
| 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 | 23 Nov 2023 | 8,224,225.91 |
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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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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