PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605461

Primary Business Area

Other

Disclosure Date

Oct 3, 2021

Country

India

Region

South Asia

IFC Approval Date

Aug 21, 2020

Status

Completed

Estimated Total Budget

$900,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 27, 2025

Project Estimated Start Date

Jun 10, 2020

Project Estimated End Date

Jun 30, 2024

Project Description

The TechEmerge project will support IFC’s strategy by introducing the best available technologies to IFC clients and prospective clients in the sustainable cooling sector across emerging markets, especially in India through implementing the following 4 main components: 1. Mapping demand and cooling innovation needs across for a representative logistics brand; 2. Screening and evaluation of relevant new and sustainable cooling offered by innovative technology providers; 3. Curating credible innovations; creating linkages between innovators and adopters; and 4. Supporting structuring and financing field test projects (pilots) uniquely tailored to local needs. The TechEmerge project will leverage and combine IFC’s strong track record in venture capital investing in young companies with its existing network and know-how of 2,000+ investment clients globally who are users of technology. Local corporations in emerging markets often lack collaborations with international and local innovators resulting in sub optimal solutions being scaled up. Hence, the Project also seeks to enhance integration across markets by creating mechanisms that enable the flow of best-in-class cooling technology solutions from around the world to South Asia (India, Bangladesh), by reducing mitigating adoption risks.

Development Results

E&S Risks / Impacts and Mitigation