Crowdfunding and Climate Innovation: The Next Steps are in Funding Impact Investing
Tuesday, December 17, 2013
At the World Bank/infoDev’s annual funding meeting their budget was divvyed up among the creation of Climate Innovation Centers (CIC) in Kenya, Ethiopia, South Africa, Vietnam and the Caribbean and the new funding mechanisms to allow the Bank to effectively seed innovative via crowdfunding.
CIC’s are incubators training impactful, locally sustainable technology companies. Examples include a biofuel gas stove company that can reduce carbon emissions and black smoke disease and a household filtration system company that recaptures and recycles water allowing women to perform their duties while saving them hours from painstakingly carting water jugs on their shoulders.