Finding finances for organisations that battle climate emergency and want to scale can be hard, especially in this turbulent period. Do you recognise yourself or somebody in this situation?
The Climate Finance Community Lab is a set of experiments by Impact Hub Praha in Czechia and Cleantech ForEst in Estonia aiming at seeking and validating various financing opportunities for chosen projects (funded by EIT Climate-KIC).
To that end, a common jury from Estonia and Czechia will find an eager and promising team who is currently looking for further financing be it via equity, debt, grant or something in between. The organisation will be given a grant of 10 000€ and support from October to December to find an additional source of funding which is tailored to their needs. Mapping the current situation, support by mentors and networking with potential financiers on the market will lead to the end goal of receiving financing.
What's it all
Winner will get?
One organisation in need of funding and ready to take next steps for growth will be chosen. Fill out the application form and send a 3 minute video to firstname.lastname@example.org with description “ *Idea name* Climate Finance Lab” by 5th of October.
Winning project will be chosen by a joint jury of EIT Climate-KIC, Cleantech ForEst
and Impact Hub Czech.
Jury criteria for
Addressing climate emergency: substantial contribution to climate crisis mitigation, environmental and societal impact.
Financing need: the project has healthy potential for growth and a financing need (equity, mezzanine, debt and/or grant, or combination of, i.e. blended financing) but given the current market reality the project struggles to find a suitable investor or partner or lacks knowledge.
Maturity & Sustainable Business Model: we are looking for post-proof-of-concept stages (e.g. startup, running operations, scaling or has technology ready) and for viable business models (hence, we prefer social enterprises and NGOs with resilient business models, e.g. with very diversified income streams).
Team & motivation: flexible according to your availability and needs but we prefer a team with time and intrinsic motivation for participation in the Climate Finance Community Lab and peer contribution to other teams in the Lab (October-December 2020).
Quality of Pitch: to get to know you better each team needs to send a 3 minute video to email@example.com introducing yourself and explaining the project and future aspirations.
If you have an energy or cleantech startup
And take your Idea to the next level!