TechEmerge Hospitality Pilot

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The TechEmerge project will support IFC’s strategy by introducing the best available technologies to IFC clients and prospective clients in the sustainable cooling sector across emerging markets, especially in India through implementing the following 4 main components: 1. Mapping demand and cooling innovation needs across for a representative hospitality brand; 2. Screening and evaluation of relevant new and sustainable cooling offered by innovative technology providers; 3. Curating credible innovations; creating linkages between innovators and adopters; and 4. Supporting structuring and financing field test projects (pilots) uniquely tailored to local needs. The TechEmerge project will leverage and combine IFC’s strong track record in venture capital investing in young companies with its existing network and know-how of 2,000+ investment clients globally who are users of technology. Local corporations in emerging markets often lack collaborations with international and local innovators resulting in sub optimal solutions being scaled up. Hence, the Project also seeks to enhance integration across markets by creating mechanisms that enable the flow of best-in-class cooling technology solutions from around the world to India, by reducing mitigating adoption risks.