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The Indo-Pacific NGO Blended Finance Accelerator supports NGOs in designing and scaling blended finance solutions that unlock private capital for climate action and gender equality in the Indo-Pacific.
The Accelerator is designed to address these barriers by providing catalytic grants and dedicated acceleration support to help NGOs design and launch blended finance vehicles. In doing so, it aims to build a pipeline of investable solutions enabling them to take on roles not only as technical assistance providers, but also as impact managers and, where appropriate, fund managers. In doing so, the Accelerator will help mobilize private capital at scale, expand development impact, and set an example for the wider NGO community.
More details can be found here
Purpose: Proposals must articulate a clear need for grant support for the design, proof of concept, pilot, scale-up or expansion of an innovative blended finance vehicle. The proposed solution should be a financial instrument with a blended finance structure. It can be in the form of a fund, project finance vehicle, private company, bond, results-based financing, facility, or any other type of financial instrument. Vehicle must demonstrate potential to drive private investment at scale for development impact in Indo-Pacific.
Focus geography: The applicant can be based in any country (developing or developed market). However, the blended finance vehicle must target one or more countries in the Indo-Pacific region that are eligible to receive Official Development Assistance and are aligned with DFAT’s list of target countries (Eligible Countries), which at the Commencement Date are: Bangladesh, Cambodia, Indonesia, Laos, Mongolia, Myanmar, Nepal, Pacific Islands Nations (Cook Islands, Federated States of Micronesia, Fiji, Kiribati, Nauru, Niue, Papua New Guinea, Republic of Palau, Republic of the Marshall Islands, Samoa, Solomon Islands, Tokelau, Tonga, Tuvalu and Vanuatu), Pakistan, Philippines, Timor-Leste, Vietnam and Sri Lanka. The proposal will be eligible for funding only if 100%* of the target region consists of one or more of the Eligible Countries. *Convergence may consider regional proposals with up-to 20% of the anticipated portfolio exposure to any other ODA eligible country in the Indo-Pacific region not listed above.
More details on the eligibility criteria can be found here