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FrançaisI&P announces the launch of CATAL1.5°T, a financing program for companies in the climate sector
Submitted by on Sun, 04/28/2024 - 21:09
Investisseurs & Partenaires is pleased to announce the launch of CATAL1.5°T, a program financed by the Green Climate Fund (GCF) and the German Federal Ministry for Economic Cooperation and Development (BMZ) to provide 10.4 million euros to support start-ups and small and medium-sized enterprises committed to reducing greenhouse gas emissions in West Africa.
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Boosting investment in companies offering a solution to reduce greenhouse gas emissions
Deployed over a five-year period, CATAL1.5°T is a support program that will give around 30 project leaders, small and medium-sized enterprises and start-ups specializing in the climate sector access to the financing and skills they need to accelerate their development. See the page dedicated to the program
CATAL1.5°T is part of an overall project to promote private equity investment in companies that have an impact on climate change mitigation and economic growth. It aims to support the entire SME entrepreneurial chain, from pre-seed companies to the incubators and communities that accompany SMEs on their day-to-day entrepreneurial adventure.
In regions where barriers to financing and technical assistance are high, I&P is in charge of piloting the acceleration program, aimed at start-ups and small and medium-sized enterprises in the seed phase, so that they can develop or validate their products and services, improve their market presence, develop growth strategies, and maximize their climate mitigation impacts.
Eligible companies will be able to benefit from funding for projects aimed at reducing their greenhouse gas emissions, whether through the adoption of clean technologies, improved energy efficiency, or the implementation of sustainable practices in their supply chain.
The program will be deployed in 8 countries in the West African region: Benin, Burkina Faso, Côte d'Ivoire, Guinea, Mauritania, Niger, Senegal and Togo.
It comprises three complementary support components:
- Financial support through seed financing to meet the financing needs of companies during their acceleration phase, for amounts ranging from €50,000 to €200,000 in the form of repayable advances.
- Technical support through technical assistance missions to strengthen the capacities of financed companies through training and expertise missions (preparation of business plans, setting up accounting systems, coaching, etc.).
- Development of climate expertise to enhance their current commercial and financial skills, in particular by assessing potential climate impacts.
An international, pan-African consortium to combat climate change
This green initiative was launched by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in cooperation with EIT Climate-KIC and is financed by the Green Climate Fund (GCF) and the German Federal Ministry for Economic Cooperation and Development (BMZ).
I&P is joining with a few powerful players in the financing and support sector in West Africa to roll out this program, thereby promoting and catalyzing the efforts of SMEs in the climate sector.
The program will be deployed locally by I&P's partner management companies, which manage capital investment funds dedicated to small and medium-sized enterprises: Sinergi Burkina in Burkina Faso, Teranga Capital in Senegal, and Comoé Capital in Côte d'Ivoire.
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