$59.6 million
No batch schedule. Open for submission during fund investment period. Duration of approval is 3-4 months through two-stage approval:
(i) Fund Investment Committee endorsement
(ii) ADB Management Approval
Fund Focal: Dominic Mellor - dmellor[at]adb.org
Fund Team: Regine Ilona Cokieng - rcokieng.consultant[at]adb.org
ADB Ventures invest in early- stage technology companies contributing to Sustainable Development Goal (SDG) impact in Asia and the Pacific. The inaugural fund makes equity investments targeting climate impact in Southeast and South Asia.
Climate Investment Funds (CIF), Finland, Republic of Korea, Korea Venture Investment Corporation, Nordic Development Fund
Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.
All nonsovereign fund financing requests will be reviewed by ADB's Blended Finance Committee, before endorsed by ADB's Investment Committee, Concept Review Committee and/or FAST Committee.
Only private sector companies or entities are eligible for assistance. Companies can be domiciled globally, however, the impact focus must be in a DMC. Investment size range from $100,000 to $4 million, through the following modalities:
- Equity and quasi-equity investments to finance and scale early-stage companies with technology enabled solutions contributing to the SDGs
- Reimbursable grants to de-risk and deploy impact technology solutions in DMCs
- Technical assistance funded activities to connect potential technology adopters with technology solution providers to generate proof-of-concept opportunities
All ADB developing member countries
Contact ADB for more information.