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Applications Invited for APAC Sustainability Seed Fund
Organization: AVPN
Apply By: 31 Jan 2023
Grant Amount: 250000 USD
About the Organization
AVPN came to life in 2011. After forming the European Venture Philanthropy Association (EVPA) in 2004, our founder Doug Miller was keen to create a similar network in Asia, for diverse funders and resource providers to collaborate and move capital towards impact.
As Asia’s #1 social investment network, we are an ecosystem builder that works to increase the flow of capital towards impact in Asia, ensuring that resources are most effectively deployed.
At AVPN, we approach social investment as a continuum of capital, in which funders may combine grants, debts and equity across multiple investments within their own portfolio, to achieve deeper impact.
About the Grant
The APAC Sustainability Seed Fund is a new landmark initiative catalyzed by AVPN, with support from Google.org and Asian Development Bank (ADB) as the strategic and outreach partner, to combat climate change and drive sustainability in the Asia Pacific region.
Asia Pacific, especially low lying and small island countries, is extremely vulnerable to disastrous impacts of climate change such as extreme precipitation events, heat waves, rising sea levels, and loss of biodiversity. And the USD 3 M APAC Sustainability Seed Fund will scale up the most innovative nonprofit sustainability initiatives and solutions that help vulnerable and underserved communities in eleven (11) market countries – Australia, India, South Korea, Japan, New Zealand, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Hong Kong – to adapt and mitigate the detrimental effects of climate change.
The fund will provide grants to support scaling up non-profit innovations in the following areas:
- Increasing access to renewable energy /decarbonisation efforts
- Adaptation to the effects of climate change
- Biodiversity protection
- Water preservation
- Circular economy
- Air quality
- Waste management
Eligibility
Organization status:
- A registered nonprofit organization
- Operates in at least one of the 11 target markets, which are: Australia, Hong Kong, India, Indonesia, Japan, New Zealand, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
- Cleared from all global sanctions lists (including South Korea), nor blacklisted by any UN or international agency
- Should NOT be the following;
- Religious organisation (e.g. church, synagogue, mosque etc.)
- Consortium (only single application is allowed)
Impact Areas:
Non profit organizations are working to address climate change and drive sustainability by leveraging technology, which include but not limited to:
- Increasing access to renewable energy/decarbonisation efforts;
- Adaptation to the effects of climate change;
- Biodiversity protection;
- Water preservation;
- Circular economy;
- Air quality;
- Waste management
Governance & Ask:
- Applicants need to show track record of financial accounts (audited accounts preferred, if available)
- Applicants need to show a track record of default tax payment/compliance.
- We aim to support minimum eight (8) grantees across Asia Pacific regions.
- Grant size range from USD 100k to 250k (AVPN hold the right to amend the grant disbursed)
- Intellectual Property (IP) rights developed through this fund must be open sourced. Code must be licensed under Apache 2.0, and other materials under the CC-BY-4.0 International license
How to Apply
Deadline: 31 January 2023
For more information please check the Link
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