Ghana Climate Innovation Center - P145765

Updated on March 3rd, 2016:

The objective of the project is to support entrepreneurs and SMEs involved in developing profitable and locally-appropriate solutions to climate change and increase business activity in the climate technology sector through the establishment of a locally based climate innovation center. Approval completed on 2 February 2016. Environmental Assessment Category B. Project: P145765. US$ 17.2 (INFO). Consultants will be required. Implementing agency(ies) to be determined.
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Updated on August 12th, 2015:

The objective of the project is to support entrepreneurs and SMEs involved in developing profitable and locally-appropriate solutions to climate change and increase business activity in the climate technology sector through the establishment of a locally based climate innovation center. Appraisal completed on 21 April 2015. Environmental Assessment Category B. Project: P145765. US$ 17.2 (INFO). Consultants will be required. Implementing agency (ies) to be determined.
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Building on infoDev's SME development and incubation success, the Climate Technology Program (CTP) was launched. The CTP supports developing countries to profitably develop and scale climate technology businesses that target national priorities in green growth, climate resiliency and job creation. The main vehicle for this is the Climate Innovation Center (CIC), locally run specialized business incubators which provide climate technology entrepreneurs with a comprehensive suite of financing and services. infoDev will undertake a feasibility study to consider developing a CIC in Ghana. infoDev believes that Ghana has high potential to benefit from the establishment of a CIC to meet its climate change challenges, particularly in renewable energy, sustainable agribusiness, water and resource management, buildings and transport. If approved following the 6-8 month feasibility assessment, establishment of a CIC would require a a 5-year implementation and scale-up phase. Average budget is USD 15-20m. Identification completed on 8 May 2013. Environmental Assessment Category B. US$ 17.2 (INFO). Consulting services to be determined. Implementing agency(ies) to be determined.