Global Innovation Fund announces first round of investments under its ‘Innovating for Climate Resilience’ fund
The Global Innovation Fund (GIF) today announced the first two investments made under its ‘Innovating for Climate Resilience fund’, which was launched at COP26 with support from the UK’s Foreign Commonwealth and Development Office (FCDO) and in partnership with the Adaptation Research Alliance and the Global Resilience Partnership.
The Innovating for Climate Resilience fund invests, through both grants and risk capital, in early-stage innovations that aim to support people living on less than $5 per day to build resilience to the ongoing and unavoidable changes in climate.
These first investments will expand the impact of Agritask, a decision-support platform for agricultural operations; and PLACE, a non-profit hyperlocal mapping organisation.
Alongside mitigation, it is now essential to invest in ways to adapt to the current and ongoing effects of a changing climate. However, resilience and adaptation are relatively neglected in the...