ADFIAP, in cooperation with its host member-institutions in India and its project partners, held a workshop on “Scaling Cleantech Innovation and Financing” on February 19, 2018 at the ITC Maurya Hotel in New Delhi, India. The event was conducted during the 41st ADFIAP Annual Meeting and was attended by 29 ADFIAP member-delegates.
The workshop is part of the EU-funded SWITCH Asia project, “Asian Cleantech MSME Financing Network” (ACMFN), a 4-year capacity-building programme that ADFIAP implements as a lead partner and which aims to build and leverage a cleantech financing eco-system to spark improved access to finance for Asian cleantech MSMEs. Cleantech refers to products, services and processes that reduce or eliminate negative ecological inputs, improve the productive and responsible use of natural resources, and provide superior performance at lower cost.
The event was opened by ADFIAP Secretary General, Octavio B. Peralta, and was followed by presentations of Corazon D. Conde, ACMFN Senior Project Manager and Group Head of ADFIAP Consulting, on cleantech financing best practices using Philippine case studies, as well as of Mirko Zuerker, Senior Project Manager at adelphi, on the European experience.
Two prototyping exercises then followed and were facilitated by Mr. Zuerker. The prototyping methodology allowed for a structured advancement of best practice instruments and programmes through peer discussion in parallel focus groups.
In Cleantech Finance Lab I, the present challenges in cleantech financing for SMEs and proposed solutions to overcome these challenges were defined and discussed. In Cleantech Finance Lab II, the identified prototype solutions were further developed for scaling up by identifying their innovative characteristics, critical factors for implementation, key partners and resources, and checklist for next actions.
Based on the discussions, there is interest and intent among the attendees to pursue cleantech financing in their areas of operation. There is need, however, to build and leverage an appropriate cleantech financing eco-system to improve access to finance as well as to explore other financing options and risk mitigation instruments in this regard.
For more information on ACMFN, please visit http://www.acmfn.com