Deadline: 8-Sep-23
The Partnering for Green Growth and the Global Goals (P4G) is seeking applications for partnerships working on climate mitigation or adaptation solutions in the areas of food, energy and water.
P4G competitively selects partnerships that support early-stage climate entrepreneurs who are either in their seed or post-seed early growth stage on their way to series A investor readiness. If awarded, P4G partnerships will be supported through grants and technical assistance. Subject to funding availability, approximately two to three partnerships will be selected per country per year.
The NGO administrative partner will serve as the WRI grantee, and the business partner may receive direct financial support as a sub-contractor or sub-grantee of the NGO administrative partner. P4G partnerships should have a clear stated goal of enabling the investment readiness of the early stage climate business during the period of grant implementation. The business partner should ideally already have relationships in place with its consort of partners and be progressing toward commercialization prior to its application to P4G.
P4G’s work is aimed at:
- Preparing early-stage climate entrepreneurs for investment readiness.
- Working with National Platforms to improve enabling systems by addressing regulatory and policy issues pertinent to the business model.
- Disseminating relevant sectoral, partnership or programme related knowledge as examples for sectoral and business learnings.
- Thereby attracting more private sector climate investment and finance into that sector and country.
Funding Information
- Partnerships will use their grants for a specific set of activities that will contribute to investment readiness, improving enabling systems and promoting solutions and lessons learned to influence in country transitions, which are further described as follows:
- Grants: Partnerships will receive non-returnable grants of USD 350,000 on average (grants will range from USD 100,000 to USD 500,000) to implement in a period between 18-24 months. These non-returnable grants will be made to NGOs as the prime grantee with a sub-contract to the early-stage business partner.
- Technical Assistance includes:
- Investment due diligence and gap analysis of partnership business models;
- political engagement for contributing to enabling systems;
- business matchmaking sessions;
- knowledge mobilization and communication; and
- introductions to intermediary investment facilities by DFIs and other similar actors providing a finance bridge to scale partnership operations.
- Knowledge Sharing is an important objective of P4G’s work. All partnerships should be prepared to participate in the following activities:
- knowledge sharing of partnerships’ lessons learned and successes to relevant public and private-sector stakeholders and through P4G’s communications channels;
- focused engagements with NP networks in-country; and
- sharing lessons learned at global events such as the P4G Summit, United Nations General Assembly (UNGA) and Conference of Parties (COP) to influence in-country transitions in P4G countries and beyond.
Sectors and Countries
- All partnership activities funded by P4G must take place within P4G partner ODA-eligible countries, which includes Colombia, Ethiopia, Indonesia, Kenya, South Africa and Vietnam. The partnership may also implement solutions in other ODA-eligible countries, but these activities cannot be funded by P4G.
Eligibility Criteria
- These criteria are designed to select partnerships with an early-stage climate business that has the potential to become fully investment ready. If a partnership fails to provide any of the requested materials their application will be rejected.
- The P4G concept note is an online form that needs to include information on the following sections, each of which is designed to filter and screen partnerships for eligibility:
- Partnership commitment – P4G commitment letter and a draft partnership charter (or equivalent document) and any government documents.
- Experience and track record – organizational and key staff qualifications.
- Sectors and countries – in which the partnership activities will take place.
- Investability – submission of the business plan, pro forma and pitch deck as attachments.
- Enabling system – understanding of and contributions to enabling market systems, including anticipated collaboration with the NPs and relevant national and international forums.
- Additionality – showing how the model is innovative and aligned with P4G’s Theory of Change.
- Impact results – during the grant period, during business operations and ESG planning.
- Activities and budget – Theory of change summary, with planned activities for each TOC output, aligned draft budget line items for each activity, and a workplan with cost share and eligible expenses.
- Responsible business conduct – self-assessment.
- Due diligence – self-assessment and annual financials for previous year for the administrative NGO partner and business partner. The financials of the administrative partner should be audited.
For more information, visit P4G.