Combinado Consult has supported the clim@ competition 2020 as climate action ambassador.
The competition was open globally to businesses and start-ups working to scale-up market-ready concepts in the fields of sustainable energy and resource efficiency including
-CO2 emissions reductions and
-improved water, waste and material management
The clim@ was initiated by the Green for Growth Fund (GGF), advised by Finance in Motion, and is supported by European Union and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Applicants were competing to receive professional mentoring to develop their entry, a chance to pitch their idea to potential sponsors and investors, and a share of EUR 30,000 in prizes.
The application deadline for the startups was 16 February 2020. The selection of 5 grand finalists took place online on 2 June 2020, the day before the GGF Sustainable Future Forum in Frankfurt.
Winners of the clim@ competition 2020
Beyond Leather (Denmark)
Biodiesel Misr (Egypt)
about the ggf
The GGF helps reduce the use of energy and resources and prevent CO2 emissions. It pursues this goal by providing dedicated financing to businesses and households across 19 markets in the Southeast Europe Region including Turkey, the European Neighborhood Region-East, and the Middle East and North Africa. By using a blended finance structure and working through local partner institutions, the GGF is able to raise awareness and implement green finance activities. The fund combines its financial offering with tailored technical assistance that helps build capacity and which brings energy efficiency measures, renewable energy, and improved resource management toward the mainstream. In addition, by managing the environmental and social (E&S) risks associated with its investments, the fund sets standards for its partners and supports them to enhance their own E&S management systems, as required. The GGF was initiated as a public-private partnership in December 2009 by Germany’s KfW Development Bank and the European Investment Bank, with financial support from the European Com-mission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development, and the Austrian development bank OeEB. The fund’s growing investor base comprises donor agencies, international financial institutions and institutional private investors, including the International Finance Corporation, the Dutch development bank FMO, the German ethical bank GLS, and Church of Sweden. The GGF is advised by Finance in Motion GmbH. MACS Management & Consulting Services GmbH, Frankfurt am Main acts as the technical advisor. For more information see www.ggf.lu