Preparation of the ADB Ventures Facility
Details
Funding
Project Description
This TRTA will design, pilot, setup, and operationalize the Asian Development Bank (ADB) Ventures Facility (the Facility): a multi-donor trust fund that will contribute towards the sustainable development goals by deploying and scaling impactful technologies and business models throughout the developing Asia-Pacific. The Facility fills an operational gap allowing ADB's Private Sector Operations (PSOD) to provide funding at all stages of the business life cycle. Where necessary PSOD will adopt a One ADB approach, working closely with regional and knowledge departments to leverage ADB's client networks, operations, and industry knowledge. The Facility will provide technical assistance and make catalytic investments in early-stage private companies to accelerate the deployment of impactful technologies and business models. The Facility will have two components: a TA funded business support program and an investment fund.
Progress (as of March 2021)
MIST 2020 planned for Q4 2020, may be postponed to 2021 due to COVID-19. TLA is on-going in partnership with PATA, PlugNPlay, Hilton, Jetwing, and Minor Group.
Contacts
| Contact 1 | |
| Contact Name | Mr. Dominic Mellor |
|---|---|
| Organization | Office of the Director General, PSOD |
| dmellor@adb.org | |
| Contact 2 | |
| Contact Name | - |
| Organization | - |
| - | |
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