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Apply for Asia Climate Solutions Design Grant Program

Deadline: 11-Jan-2026

The Convergence Asia Climate Solutions (ACS) Program offers catalytic grants to design, test, and launch blended finance vehicles that advance climate mitigation and adaptation across the Asia-Pacific region. Grants of up to $200,000 (Feasibility Study) and up to $300,000 (Proof-of-Concept) support organizations developing innovative financial instruments capable of mobilizing large-scale private investment. The program targets solutions with high potential for climate impact, financial innovation, and scalable capital mobilization.

Overview

The Convergence Asia Climate Solutions (ACS) program provides catalytic funding to organizations developing blended finance structures that accelerate climate action in the Asia-Pacific region. The initiative supports early-stage exploration, design, and preparation for launch of innovative financial instruments that mobilize private capital for climate mitigation and adaptation.

Purpose of the Program

The ACS program aims to:

  • Drive blended finance innovation for climate solutions

  • Accelerate the design of new climate finance vehicles

  • Mobilize large-scale private investment for mitigation and adaptation

  • Strengthen the financial architecture supporting climate resilience in Asia-Pacific

  • Convert promising climate ideas into operational financial structures

Grant Types and Funding Amounts

1. Feasibility Study Grants

  • Funding: Up to $200,000

  • Grant Type: Non-repayable

  • Stage: Early exploration and validation of a new blended finance vehicle

  • Supports activities such as:

    • Market scoping and opportunity assessment

    • Initial stakeholder consultations

    • Refinement of design and financial structuring

    • Drafting governance frameworks

    • Developing impact and investment theses

    • Assessing environmental and financial viability

2. Proof-of-Concept Grants

  • Funding: Up to $300,000

  • Grant Type: Non-repayable or conditionally repayable

  • Stage: Advanced design and pre-launch structuring

  • Supports activities such as:

    • Fundraising preparation and investor engagement

    • Refining legal and governance structures

    • Developing the investment pipeline

    • Strengthening impact analysis, metrics, and risk frameworks

    • Preparing for vehicle launch or pilot implementation

Who Is Eligible?

Eligible applicants must:

  • Demonstrate a clear need for catalytic grant funding

  • Propose an innovative blended finance vehicle targeting climate solutions

  • Operate or intend to operate within the Asia-Pacific region

  • Present strong potential to mobilize private capital at scale

  • Show readiness for feasibility or proof-of-concept work, depending on stage

Types of Financial Instruments Supported

The ACS program is flexible and can support:

  • Climate-focused funds

  • Project finance vehicles

  • Blended finance facilities

  • Bonds or debt instruments

  • Private companies using blended finance structures

  • Results-based financing mechanisms

  • Hybrid or innovative financial tools

Projects must demonstrate clear mechanisms for attracting private investment and delivering measurable climate impact.

What the Grants Support

Funding may cover:

  • Market and feasibility studies

  • Financial model development

  • Structuring and design activities

  • Stakeholder and investor consultations

  • Legal, regulatory, and governance analysis

  • Impact framework development

  • Pipeline building and project preparation

Why It Matters

The ACS program helps:

  • Accelerate climate finance innovation

  • Address capital gaps for climate mitigation and adaptation

  • Support early-stage development of high-impact financial structures

  • Enable scalable investment pathways for low-carbon, climate-resilient growth

  • Build momentum for private sector participation in climate solutions

By catalyzing blended finance vehicles, the program turns innovative concepts into actionable, investment-ready climate instruments.

How to Apply

  1. Identify whether your concept fits the Feasibility Study or Proof-of-Concept stage.

  2. Prepare a detailed proposal demonstrating climate impact, financial innovation, and capital mobilization potential.

  3. Clearly justify the need for ACS grant support.

  4. Outline your proposed financial instrument, target markets, and stakeholder engagement plans.

  5. Submit through the Convergence funding portal following all application guidelines.

  6. Participate in the advisory, review, and selection process if shortlisted.

Common Mistakes to Avoid

  • Proposing non-financial or purely operational climate projects

  • Insufficient demonstration of private capital mobilization potential

  • Vague or incomplete financial structuring plans

  • Weak climate impact justification

  • Applying at an incorrect development stage

  • Lack of clear governance or risk analysis

FAQ

1. What is the maximum grant amount?
Up to $200,000 for feasibility studies and up to $300,000 for proof-of-concept.

2. Are grants repayable?
Feasibility grants are non-repayable; proof-of-concept grants may be non-repayable or conditionally repayable.

3. What sectors are eligible?
Any sector addressing climate mitigation or adaptation using blended finance structures.

4. What regions are covered?
The entire Asia-Pacific region.

5. What types of instruments qualify?
Funds, vehicles, bonds, blended finance facilities, results-based mechanisms, and other innovative financial instruments.

6. Do applicants need previous blended finance experience?
Not necessarily, but they must demonstrate capacity and a strong rationale for their design.

7. What is required for a strong proposal?
Clear climate impact, strong mobilization potential, innovative structuring, and a feasible development plan.

Conclusion

The Convergence Asia Climate Solutions program offers a powerful pathway for organizations to design and launch blended finance vehicles that can unlock large-scale private investment for climate action. With catalytic grants supporting both feasibility and proof-of-concept stages, the program enables transformative climate finance ideas to evolve into operational solutions that address urgent environmental challenges across the Asia-Pacific region.

For more information, visit Convergence Blending Global Finance.