Village Capital

Adaptation SME Accelerator Project (ASAP): Africa and Asia

Scaling solutions around climate resilience and adaptation

About the program

The United Nations estimates that the cost of adapting to climate change could rise to $300 billion per year by 2030, in developing countries alone. However, less than 5% of climate finance is currently spent on climate adaptation and resilience efforts.

Startups and SMEs can play a key role in scaling climate resilience and adaptation solutions – reducing our vulnerability to sea level rise, extreme weather, and food insecurity. This accelerator will support 16 startups and SMEs in Africa and Asia that are scaling market-based, contextualized solutions to critical climate adaptation and resilience challenges.

ASAP Program About Section Image

About the Adaptation SME Accelerator Project

The ASAP project, led by the Lightsmith Group, seeks to build a global ecosystem for small- to medium-sized companies in emerging markets that have technologies, products, and services that can be used to adapt and build resilience to the impacts of climate change.

During the ASAP accelerator program, the 16 companies will work with industry experts, investors, and ecosystem partners to develop the networks and tools they need to attract investment, grow their businesses, and increase their climate adaptation impacts.

ASAP Program Case Study Image

Alumni companies: Africa

Alumni companies: Asia

Scaling adaptation and resilience

For this accelerator, we sought out startups at the intersection of impact (that is measurable, contextualized, with clear solutions to identified problems), inclusion (entrepreneurs that have deep experience with the problems they seek to address), and investability (sustainable, scalable startups that can drive positive financial and social return). We are focused on the following issue areas, based on the ASAP Adaptation Solutions Taxonomy:

  • Agriculture

  • Transportation, Logistics, Infrastructure

  • Climate Risk Analytics and Risk Management

  • Water

  • Energy

  • Health

Finhealth Eligiblity Intent A Image

Program Timeline

Applications Open

2021 - Dec 7

Applications Open

Applications Close

2022 - Jan 31

Applications Close

Cohort Announcement

2022 - Apr 1

Cohort Announcement

Accelerator Program

2022 - Apr 18 - 22

Accelerator Program

Learn more about mentoring with Village Capital