Amplifying the support for emerging climate start-ups and initiatives
EIT Climate-KIC, IDB Lab, and the Clean Technology Fund have partnered to advance climate innovation in Latin American and the Caribbean. We are supporting innovation agencies, incubators, accelerators, ecosystem builders, venture capital investors, co-working spaces, and hubs to enhance their entrepreneurship offering for local climate start-ups across Bolivia, Brazil, Chile, Colombia, Ecuador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, and Peru. Implemented from June 2023 to May 2025, the initiative sets a pathway towards inclusive, sustainable growth, resonating with the goals of the Paris Agreement.
Phase1: Capacity building for accelerators
Up to 25 organisations will receive tailored capacity building and knowledge transfer in specific areas around supporting climate innovations. This will enable local entrepreneurship and innovation ecosystems to participate more proactively in addressing the climate crisis, promoting acceleration and commercial deployment of locally relevant innovation mitigation technologies.
Phase 2: Acceleration of local climate innovations
A handful of entrepreneurship support organisations will receive funding to implement EIT Climate-KIC’s ClimAccelerator programme, designed to scale early-stage start-ups for climate impact. The accelerators will support a total of 100 start-ups across three stages of business development. We will also guide start-up founders through a climate impact assessment to determine the emissions mitigation potential of each solution.
Our funding partners
IDB Lab is the innovation laboratory of the IDB Group, the leading source of development financing and expertise for improving lives in Latin America and the Caribbean. The purpose of IDB Lab is to drive innovation for inclusion in the region, mobilizing financing, knowledge, and connections to test early-stage private sector solutions with the potential to transform the lives of vulnerable populations affected by economic, social, and environmental conditions. Since 1993, IDB Lab has approved more than US$ 2 billion in projects deployed across 26 countries in Latin America and the Caribbean. www.idblab.org
The Climate Investment Funds (CIF) is one of the largest multilateral climate funds in the world. It was established in 2008 to mobilize finance for low-carbon, climate-resilient development at scale in developing countries. 14 contributor countries have pledged over $11 billion to the funds. To date, committed CIF capital is mobilizing more than $62 billion in additional financing, particularly from the private sector, in over 70 countries. CIF’s large-scale, low-cost, long-term financing lowers the risk and cost of climate financing. It tests new business models, builds track records in unproven markets, and boosts investor confidence to unlock additional sources of finance. Recognizing the urgency of CIF’s mission, the G7 confirmed its commitment to provide up to $2 billion in additional resources for CIF in 2021. Headquartered at the World Bank building in Washington DC, CIF works with six multilateral development banks. https://www.cif.org