SEED Financing for Missing Middle Climate-Smart Enterprises
As of: November 2019
Objective and activities
The project supports SMEs in developing and emerging countries in their efforts to mitigate climate change by developing and providing services and products in the area of mitigation and adaptation. Thus far, SMEs lacked access to financing and to the expertise needed for developing climate-friendly business models. The SEED initiative therefore rewards selected climate-friendly start-ups with a 'Low Carbon Award,' which includes prize money and technical assistance, for instance for developing business plans. The public award brings attention to a wider audience and will encourage more companies to emulate successful business models. Since 2013, business ideas have been recognized with the SEED 'low carbon award', including winners from India, Uganda, Colombia and Vietnam. The winners implement business ideas with a focus on climate friendly appliances for households securing energy supply.
State of implementation/results
Until today, various business ideas have been recognized with the SEED “low carbon award”, including winners from India, Uganda, Colombia and Vietnam. The winners are implementing business ideas with focus on climate friendly appliances for households securing energy supply.