Triple Impact Climate Hub

The main objective is to foster the growth and profitability of 40 innovative emerging companies, startups, bio-businesses, and SMEs with social, environmental, and economic impact in Ecuador, so that they reduce their greenhouse gas emissions with a vision of decarbonization and circular economy. Additionally, a hub will be created to establish a community of practice to promote social and environmental innovation in the Ecuadorian business sector.

Project Detail

Country

Ecuador

Project Number

EC-G1020

Approval Date

Project Status

Preparation

Project Type

Investment Grants

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE ADAPTATION POLICY

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 800,000.00

Country Counterpart Financing

USD 400,000.00

Original Amount Approved

USD 400,000.00