Call for Grant Applications –
Asia Climate Solutions (ACS) Design Grant
Organisation Name:
Convergence
Application Deadline:
November 22, 2024
About Organisation
Convergence is the premier global network for blended finance, dedicated to boosting private investment in emerging markets and developing economies to help achieve the UN Sustainable Development Goals (SDGs) and the Paris Agreement. The organization connects a diverse community of institutions, including private investors, businesses, public agencies, and philanthropic foundations, to channel capital where it is most needed. Convergence offers members exclusive access to valuable market intelligence, training opportunities, networking events, and grants for innovative financial vehicles that attract private investment. Operating as a not-for-profit corporation based in Toronto, Canada, with additional offices in Washington, DC, Kigali, Nairobi, La Paz, and Singapore, Convergence envisions a world where blended finance facilitates investments in sustainable development initiatives across developing regions.
About the Grant
The Asia Climate Solutions (ACS) Design Grant supports the creation and launch of innovative blended finance solutions aimed at mobilizing private capital for climate transition and resilience in developing Asian markets. This grant addresses the climate finance gap by showcasing the potential of funding from family offices, foundations, and donor agencies. The initiative, backed by key donors such as the Monetary Authority of Singapore and the Rockefeller Foundation, focuses on critical sectors including nature-based solutions, clean energy transition, and sustainable cities. With an emphasis on sustainable agriculture and clean energy, the ACS Design Grant offers feasibility and proof-of-concept funding to develop effective solutions that benefit vulnerable communities in Southeast Asia.
Who can Apply?
Eligible applicants include organizations or consortiums with a clear need for grant support to design or launch innovative blended finance solutions targeting climate change mitigation and adaptation. Solutions must be implemented through financial instruments such as funds, project finance vehicles, or bonds. Proposals should focus on developing markets in Asia, targeting sectors like sustainable agriculture, clean energy, and nature-based solutions. Organizations can be asset owners, managers, advisory firms, foundations, not-for-profits, or private enterprises. The lead organization must provide proof of incorporation and financial statements from the previous fiscal year. Solutions must directly benefit end recipients in the targeted developing markets, and applicants do not need to be domiciled in those markets.
How to Apply?
To apply for the ACS Design Grant, interested parties should first submit a concept note through the designated application portal. The application process consists of multiple stages, including submission of full proposals and review by the Investment Committee.
Application Deadline
Application deadline for submitting concept notes is November 22, 2024.
Last Date To Apply
For more information, please visit the grant website here.
