Builds resilience to: increased drought, water scarcity, and heat stress that affect crop yields and farmer incomes. The technology can absorb water up to 150 times its weight and release it over a long period of time to maintain soil moisture. EF Polymer Private Limited (India) produces a naturally biodegradable water retention polymer for soil conditioning.Builds resilience to: extreme weather events and weather volatility that affect crop yields and farmer incomes.
Their solution is used by agricultural economists, agricultural engineers, financial institutions, farmers and more. This enables farmers to adapt to changing climatic conditions due to climate change. Crop2X Private Limited (Pakistan) is a precision agritech startup that provides weather forecast and water information that can help farmers increase production while minimizing inputs.Builds resilience to: increased drought and water scarcity that affect crop irrigation. Their services help detect groundwater zones remotely, without fieldwork, helping farmers identify the optimum location for digging a well with high precision, less effort, and at lower cost. Aumsat Technologies LLP (India) provides satellite-based, AI-enabled hydrological analysis for locating, predicting, and forecasting groundwater resources.(Agriculture, Risk Analytics/Management, Insurance) Builds resilience to: extreme weather events and weather volatility that affect crop yields, crop prices, and farmer incomes.
Their end-to-end data analytics platform increases the resilience of smallholder farmers by assessing the frequency and intensity of natural calamities and their impacts on crop yields and price.
Builds resilience to: increased drought and water scarcity that affect residential and commercial water use. Absolute Water (India) increases the availability and quality of water in areas projected to experience water stress by organically treating and converting raw sewage wastewater into potable water through a system that naturally degrades pollutants and converts it into nutrients.The 16 startups in the cohort were selected out of more than 300 applicants, representing 10 countries across Asia and Africa. There is tremendous promise in identifying and funding local ventures whose successes can be scaled to meet climate adaptation needs around the world,” said Gustavo Fonseca, Director of Programs at the Global Environment Facility. “We are delighted to see these startups get support through the ASAP Accelerator, and look forward to continued connections between climate resilience innovators in developing countries and financing for them. Additional support is provided by Conservation International and the Inter-American Development Bank. “Through the ASAP Accelerator, we aim to give these entrepreneurs the tools to scale their impact and connect to a global network working to develop solutions that address the impacts of climate change.”ĪSAP is a grant-funded initiative led by The Lightsmith Group, in partnership with Village Capital, and with the support of the Global Environment Facility’s Special Climate Change Fund. “We’re excited to announce this cohort of companies, all of whom are providing their customers with an array of climate adaptation solutions across Africa and Asia,” said Brian Parham, ASAP Program Director at Lightsmith. During the ASAP accelerator program, the 16 companies will work with industry experts, investors, and ecosystem partners to develop the networks and tools they need to attract investment, grow their businesses, and increase their climate adaptation impacts. The 16 startups were selected from more than 300 applicants and have developed technologies in water, agriculture, risk analytics, supply chain, infrastructure, and insurance that can support adaptation and resilience to climate change.ĪSAP seeks to build a global ecosystem for small- to medium-sized companies in emerging markets that have technologies, products, and services that can be used to adapt and build resilience to the impacts of climate change. NEW YORK, NEW YORK & WASHINGTON, D.C., 12 April 2022 – The Lightsmith Group (“Lightsmith”) and Village Capital announced today that 16 startups were selected to participate in a new environmental accelerator called “ ASAP”, or the Adaptation SME Accelerator Project, focused on innovative climate adaptation ventures in Asia and Africa. Accelerator Partnership Program will accelerate 16 startups that are providing climate adaptation and resilience solutions in Asia and Africa.
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