Deadline: October 20th 2023 | The First Biodiversity Project Accelerator in Africa by Dalberg
| Title: | The First Biodiversity Project Accelerator in Africa by Dalberg |
| Organisation: | Dalberg |
| Fund/Benefit | Biodiversity impact and investor readiness and it will help showcase investor-ready projects to potential funders. |
| Deadline: | October 20th 2023 |
| Eligible countries: | All countries |
For its inaugural Biodiversity Project Accelerator in Africa, the Biodiversity Investments—Researcher & Accelerator (BIRA) is currently accepting applications.
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Given the complexity of biodiversity and ecosystems, a thorough strategy is needed to successfully fund interventions. The Biodiversity Investments—Researcher & Accelerator (BIRA) organisation steps in to help with that. BIRA intends to improve biodiversity monitoring and foster a strong pipeline of investment opportunities in Africa. It is sponsored by the African Leadership University and co-funded by Dalberg and FSD Africa.
BIRA will assist a few projects in assessing their impact on biodiversity and investor readiness. It will also assist in showcasing investor-ready projects to potential funders.
Candidates must have African biodiversity projects, have finished a business strategy or feasibility study, and actively seek out funders and buyers.
Loss of Biodiversity Is Complex
- Biodiversity and ecosystem services are essential resources, not waste products like carbon that should be reduced or offset. Additionally, different biodiverse ecosystems cannot be used in place of one another.
- Existing measurement frameworks make things more difficult. They are very technical, lack standardisation, have little credibility, are difficult to apply, and are expensive. Securing funds for biodiversity conservation is a difficult task because there isn’t a clear and uniform measurement methodology.
A Response Designed for Emerging Markets
- Emerging frameworks must address the particular needs of emerging economies like Africa if they are to gain the confidence of investors. Through field testing, the African Leadership University will make sure the technique is appropriate for the Global South and make any necessary adjustments. BIRA will put investor metrics first and make sure the framework is simple to use.
- BIRA strives to supplement site-specific measurements with technology, cutting costs and increasing credibility.
Changing Investments in Biodiversity in Africa
- The scaling required to maintain, restore, and improve biodiversity would be supported by a standardised method for measuring biodiversity and ecosystem health that takes into account current difficulties. BIRA also hopes to raise money for a biodiversity accelerator in order to sell high-quality African ventures.
- Grants will be used to find and assist organisations that offer thorough evaluations and monitoring methods to comprehend the environmental impact of pipeline corporations. Additionally, the funding will be used by BIRA to involve investors in the co-development of financing propositions, the facilitation of investment memoranda, and marketing to market loans.
- By using such a methodical approach, the funds can get project developers in shape to be investor-ready, build a pipeline of biodiversity transactions in Africa, and draw capital to the industry.
For more information, visit Dalberg.
