About the Climate Technology Facility at MCV Venture Lab | Application for MCV’s Climate Tech Facility (Grants up to $100,000)
The Climate Lab at Mercy Corps Ventures opened its Climate Tech Facility on September 22, 2023, with the goal of finding pilot partners that are climate innovators.
Through a series of pilot projects, the Climate Tech Facility seeks to implement cutting-edge solutions for climate resilience in developing economies. Through collaborating with influential, early-stage companies focused on climate technology, Mercy Corps Ventures seeks to establish a body of evidence that will enhance the scalability of creative technical solutions to address the climate emergency.
Under the umbrella of the Resilient Future Thesis, MCV’s Climate Venture Lab, which oversees the Climate Tech Facility, is a grant facility that will hold several requests for proposals annually.
Eligible partners may apply for equity-free grants from the Climate Tech Facility up to $100,000. MCV Climate Venture Lab will offer funding as well as mentorship, advice on impact measurement, access to partnership opportunities, information sharing, and brand visibility.
The emphasis of this call for proposals is climate technology. Successful proposals should specifically and concisely state:
- The impact of the technical solution on marginalized groups in emerging markets
- The model’s feasibility and sustainability:
- demonstrating the business case with a distinct value proposition,
- favourable unit economics, and a financially solid business plan that paves the way for growth
The Reasons for Our Existence
Numerous changes in every economy, sector, supply chain, and industry, both locally and globally, are mostly caused by climate change. The frequency and intensity of natural disasters, heat waves, droughts, changes in temperature and precipitation patterns, and other extreme weather occurrences are all being exacerbated by climate change. The consequences of these shifts are already being felt, as seen by an increase in violence, migration, supply chain disruptions, and financial instability.
But climate change is also bringing with it unanticipated advantages.
New product categories, market opportunities, and solutions are being created as a result of new laws, technological advancements, and changing consumer tastes. For instance, while consumer preference for sustainable and open corporate practices is rising, the costs of renewable energy technology are falling. The emergence of instruments like carbon credits indicates that people’s values of land and natural resources are undergoing a profound change. The business case for improving the sustainability, equity, and efficiency of these systems develops along with the world’s demand for food.
We are acutely aware that workers, small companies, and underprivileged and marginalized households have the greatest stakes in this shift as we consider these opportunities and challenges. These populations are unable to effectively prepare for, withstand, and respond to disruptions, which are becoming more frequent as a result of climate change, because they frequently lack access to inclusive and equitable resources, infrastructure, tools, information, and markets that could enable them on their path to prosperity and economic growth.
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These disruptions’ effects on marginalized communities are intensifying injustice and increasing inequality in the modern world, as well as making the path towards wealth and economic development more precarious. This is already happening: by 2030, climate change may force over 130 million people into poverty, and the COVID-19 pandemic’s expenses have already forced over 150 million people back into poverty.
Furthermore, some groups within underserved communities—youth, women, smallholders, gig workers, informal merchants, and displaced populations—are disproportionately affected. Rich countries have a 23-fold higher per capita carbon footprint than low-income countries (LDCs), although LDCs account for 69% of mortality linked to climate change. In emerging economies, women make about 80% of those who are forcibly displaced owing to climate-related shocks, and they also have a higher mortality rate from natural catastrophes.
Our goal is to help organizations who are constructing a more resilient and inclusive future by taking advantage of the opportunities presented by this momentous occasion.
MCV’s Venture Lab is seeking organizations that use cutting edge technology to develop creative solutions for climate resilience for marginalized populations. These organizations should be based in Africa, South and Southeast Asia, Latin America, or Central America.
OUR THESIS AREAS, AS APPLIED TO OUR RESILIENT FUTURE THESIS:
- Flexible Farming & Food Systems
- Climate-smart,
- inclusive fintech technologies
To Apply and for more Information about Application for MCV’s Climate Tech Facility Visit the Official website and fill in this form
