Applications Invited for p4g partnership fund grant

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About the Organization

Our mission is to benefit people and the planet by mobilizing finance to accelerate early-stage enterprises working on net zero country transitions in food, water and energy systems.

P4G provides grant funding, enabling systems support through National Platforms, and technical assistance to partnerships with businesses working on climate mitigation and adaptation solutions in the areas of food, water and energy. Within these areas we’re focusing on financially sustainable climate solutions in the following sub-sectors: 

• Climate-smart Agriculture 
• Food Loss and Waste 
• Water Resilience
• Zero Emission Mobility 
• Renewable Energy 

About the Fund

P4G competitively selects partnerships that support early-stage climate entrepreneurs who are either in their seed or post-seed early growth stage on their way to series A investor readiness. If awarded, P4G partnerships will be supported through grants and technical assistance. Subject to funding availability, approximately two to three partnerships will be selected per country per year. All P4G partnerships must comprise at least one early-stage business and one nonprofit organization.

The lead NPO (noted in these guidelines as the administrative partner) will serve as the administrative partner for the partnership. The administrative partner1 will serve as the WRI grantee, and the business partner may receive direct financial support as a sub-contractor or sub-grantee of the administrative partner.

P4G partnerships should have a clear stated goal of enabling the investment readiness of the earlystage climate business during the period of grant implementation. The business should ideally already have relationships in place with its consort of partners and be progressing toward commercialization prior to its application to P4G.

P4G’s work is aimed at:

• Preparing early-stage climate entrepreneurs for investment readiness.
• Working with National Platforms to improve enabling systems by addressing regulatory and policy issues pertinent to the business model.
• Disseminating relevant sectoral, partnership or programme related knowledge as examples for sectoral and business learnings.
• Thereby attracting more private sector climate investment and finance into that sector and country.

Partnerships will use their grants for a specific set of activities that will contribute to investment readiness, improving enabling systems and promoting solutions and lessons learned to influence incountry transitions, which are further described as follows:

Grants: Partnerships will receive non-returnable grants of USD 350,000 on average (grants will range from USD 100,000 as minimum to USD 500,000 as maximum) to implement in a period between 18-24 months for new applicants. Previously funded partnerships should review guidelines in section 6. 2 These non-returnable grants will be made to the administrative partner as the prime grantee with a sub-contract to the early-stage business partner.

Technical Assistance includes:

• Investment due diligence and gap analysis of partnership business models;
• Political engagement for contributing to enabling systems;
• Business matchmaking sessions;
• Knowledge mobilization and communication; and
• Introductions to intermediary investment facilities such as DFIs and other similar actors providing a finance bridge to scale partnership operations.

Knowledge Sharing is an important objective of P4G’s work. All partnerships should be prepared to participate in the following activities:

• knowledge sharing of partnerships’ lessons learned and successes to relevant public and private-sector stakeholders and through P4G’s communications channels;
• focused engagements with NP networks in-country; and
• sharing lessons learned at global events such as the P4G Summit, United Nations General Assembly (UNGA) and Conference of Parties (COP) to influence in-country transitions in P4G countries and beyond.

Eligibility

These criteria are designed to select partnerships with an early-stage climate business that have the potential to become investment ready. Submissions of applicants who do not meet any one of the below criteria will be rejected and applicants will be informed of the criteria they did not meet. If a partnership fails to provide any of the requested materials its application will be rejected.

The P4G Concept Note is an online form that needs to include information on the following sections, each of which is designed to filter and screen partnerships for eligibility:

• Partnership commitment and composition – P4G commitment letter and a draft partnership charter (or equivalent document) and any government documents.
• Experience and track record – organizational and key staff qualifications.
• Sectors and countries – in which the partnership activities will take place.
• Investability –submission of the business plan, pro forma and pitch deck as attachments.
• Enabling system– understanding of and contributions to enabling market systems, including anticipated collaboration with the NPs and relevant national and international forums.
• Additionality – showing how the model is innovative and aligned with P4G’s Theory of Change.
• Impact results – during the grant period, business operations and ESG planning.
• Activities and budget – Theory of change summary, with planned activities for each TOC output, aligned draft budget line items for each activity, and a workplan with cost share and eligible expenses.
• Responsible business conduct – self-assessment.
• Organizational assessment – self-assessment and annual financials for previous year for the administrative partner and early-stage climate business partner. The financials of the administrative partner should be audited.

How to Apply

To be considered for the next funding round, partnerships should submit their proposal by September 8, 2024. All applications must be submitted in English.

Apply now

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Tags Food, Agriculture and Nutrition Others