VIETNAM PROOF OF CONCEPT COMPETITION

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The World Bank’s infoDev Climate Technology Program is running a Proof of Concept (PoC) Competition in Vietnam in partnership with the Asian Development Bank (ADB).

The competition will award 30 successful applicants the chance to be the first set of ventures To receive funding and full access to the business services provided by the Vietnam Climate Innovation Center (Vietnam CIC). The Vietnam CIC is supported by the UK Department for International Development (DFID) and the Australian Department of Foreign Affairs and Trade (DFAT).

Specifically, the successful applicants will become eligible for:

• Grant funding up to VND 1,000,000,000 to develop, launch and/or scale up a product or a service;

• Preferred access to the Vietnam CIC program and its full range of advisory services (training, Mentorship, facilities and access to finance);

Applicants are required to submit proposals for an innovative product, service, or business Model in one of the following categories:

• Energy efficiency;

• Biofuels and biomass;

• Sustainable agriculture;

• Adaptation technology;

• Transportation technology;

• Renewable energy technology;

• Water management and purification;

• Other climate technology businesses.

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To apply and find more information on the Proof of Concept competition visit www.vietnamcic.org. Information sessions will be organized in Ho Chi Minh City and Hanoi respectively to provide further information on the PoC competition and answer questions.

Please register your interest to attend by emailing PoCcompetition@pennampartners.com. Specific location and time will be communicated to registered participants and will be posted On www.vietnamcic.org

ABOUT THE VIETNAM CLIMATEINNOVATION CENTER

The Vietnam Climate Innovation Center (Vietnam CIC) -to be launched in the second half of 2014 -will provide financing, training, and business advisory services to the growing number of clean energy and climate technology ventures. The Vietnam CIC will establish regional Institutional capacity that will support emerging entrepreneurs and new ventures involved in developing locally appropriate solutions to climate change mitigation and adaptation.

Through its suite of services, networking activities, and financing mechanisms, the Vietnam CIC and its network of partners will provide a regionally driven approach to solving climate related challenges and supporting economic development through job creation. In doing so,the Vietnam CIC will uphold an inclusive approach that will foster women-led climate Technology innovation.

The Vietnam CIC is supported by the UK Department for International Development (DFID) And the Australian Department of Foreign Affairs and Trade (DFAT).

ABOUT THE PARTNERS

InfoDev

InfoDev, a global multi-donor program in the World Bank Group, works at the intersection of innovation, technology, and entrepreneurship to create opportunities for inclusive growth And job creation. InfoDev seeks to empower innovators to test, shape, finance, develop, and Distribute their products, influencing transformative solutions to local and global challenges.

The program supports growth-oriented entrepreneurs in the fields of mobile innovation, Climate technology, and agribusiness, while emphasizing access to finance solutions and Women’s entrepreneurship. Through these activities, infoDev can propel growth in local markets, while facilitating innovative methods to sustain and enhance livelihoods.

infoDev’s Climate Technology Program

infoDev’s Climate Technology Program (CTP) empowers developing countries to proactively and profitably adapt, develop, and deploy climate-smart technologies and business models. The CTP is creating a global network of Climate Innovation Centers that provide a country driven approach to addressing climate change and fostering green growth. The CTP supports SMEs and emerging entrepreneurs that are developing innovative products and new business models in the climate technology sector. Currently, the program is establishing CICs in eight countries: Kenya, the Caribbean, Ethiopia, Ghana, India, Morocco, South Africa and Vietnam.

The innovation centers in Kenya, the Caribbean, and Ethiopia are already fully operational while the others are in an advanced development stage.

To learn more about infoDev and its Climate Technology Program visit www.infodev.org/climate or follow us on Facebook www.facebook.com/infoDevWBGand Twitter @infoDev

ADB

The Asian Development Bank (ADB), a multilateral development finance institution based in Manila, Philippines, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members –48 from the region.

In partnership with member governments, independent specialists and other financial institutions, ADB is focused on delivering projects that create economic and development impact by providing loans, technical assistance and grants for a broad range of development activities. It also provides direct assistance to private enterprises of developing member countries through equity investments and loans.

ADB focuses on five core areas of operations: infrastructure; the environment, including climate change; regional cooperation and integration; finance sector development; and education. In 2013, ADB assistance totaled $21.0 billion, including co-financing of $6.6 billion.

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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