$5-Million Sustainability Seed Fund for Asia–Pacific Nonprofits Launched
Eligible nonprofit organizations with tech-driven solutions that tackle the most pressing climate and sustainability challenges in the Asia and the Pacific (APAC) can avail of grants from a $5-million seed fund launched yesterday.
The APAC Sustainability Seed Fund 2.0 is a catalytic initiative set up by the Asian Venture Philanthropy Network (AVPN), the world’s largest network of social investors in Asia–Pacific, and is supported by Google.org, which provided the funding, and the Asian Development Bank as a strategic and outreach partner.
The fund will scale up the most innovative nonprofit sustainability initiatives and solutions that help vulnerable and underserved communities in the APAC region.
The fund provides grants to support scaling up of nonprofit innovations in the following areas:
- Increasing access to renewable energy/decarbonization efforts
- Adaptation to the effects of climate change
- Biodiversity protection
- Water preservation
- Circular economy
- Air quality
- Waste management
The seed fund was launched on 28 September during the Unlocking Capital for Sustainability forum organized by Eco-Business in partnership with the United Nations Environment Programme.
AVPN will accept expressions of interest from applicants until 15 December 2023. For more details, visit the APAC Sustainability Seed Fund 2.0 website.