Cleantech Innovation Facility

completed

The proposal is to create the Cleantech Innovation Facility (CTIF), a $60 million delegated authority facility which would include up to $15 million of concessional funding to invest equity or quasi-equity in early stage Cleantech companies. The CTIF will extend IFC’s reach to a group of innovative Cleantech companies (companies producing goods or services which deliver GHG emission avoidance) that have strong potential development impact in terms of environmental and social benefits, while also targeting IDA countries and/or Bottom of the Pyramid markets. The CTIF will target companies that are innovative in terms of technology or business models across a broad spectrum of sectors, including clean energy, transportation, water, waste, building and energy efficiency, and will contribute towards GHG emission avoidance and increased access to modern, healthy energy and water services, among others.