The International Climate Finance Accelerator (ICFA), a unique programme that supports climate fund managers in setting up their own high-impact funds, is getting ready to onboard five new fund managers for a 2-year period. Interested candidates can apply until 31 December 2023.
Climate finance is an indispensable mechanism for combatting the climate crisis. And while a recent study showed that annual climate finance flows surpassed $1tn for the first time in 2021, it also found that these need to increase at least five-fold annually by 2030 to avoid the worst impacts.
“We need scalable, innovative and high-impact solutions to decarbonise the global economy and help us adapt to our changing climate. Private capital is key to making this global transformation happen,” stated the ICFA in their promotional video.
Based in Luxembourg since 2018, ICFA is a unique programme which equips aspiring climate fund managers with all the tools needed to set up their own funds.
The two-year programme gives selected candidates access to a support envelope of €80K to set up their fund, a working capital loan of €200K for marketing, team development and pipeline building, access to trainings on a wide range of topics, an experienced coach as well as a working desk at the Luxembourg House of Startups.
For more information, have a look at the eligibility criteria and fill in the expression of interest form before 31 December 2023. The ICFA team provides all applicants with feedback on eligibility within 10 business days.
For a look at last year’s cohort, check out the following article.
