The Caribbean CIC is one of eight CICs being established across the World: Kenya (www.kenyacic.org), Ethiopia, India, South Africa, Vietnam, Morocco, the Caribbean and Ghana. The CCIC has been established as a Consortium which is jointly managed by two leading scientific institutions in the Caribbean, the Scientific Research Council (SRC) (www.src.gov.jm) based in Kingston,Jamaica and the Caribbean Industrial Research Institute (CARIRI) (www.cariri.com) based in Trinidad and Tobago.
The Caribbean Climate Innovation Center (CCIC) was developed under a Global partnership program infoDev (www.infodev.org) within the World Bank and it received an initial grant by the World Bank's Development Grant Facility (DGF). infoDev works in partnership with other development programs, with World Bank/IFC colleagues, and with stakeholders from the public, private and civil society sectors in the developing world.
infoDev’s Climate Technology Program (CTP) (www.infodev.org/climate) empowers developing countries to proactively and profitably adapt, develop and deploy climate smart (clean tech) technologies and business models. This program part of the broader Entrepreneurship Program for Innovation in the Caribbean (EPIC) (www.infodev.org/epic) program being funded by the Canadian International Development Agency (CIDA). The CTP is creating a global network of Climate Innovation Centers (CICs) that provide a country-driven approach to climate change and allow countries to achieve their green growth objectives. It targets the early stages of innovation, including the key role of entrepreneurs and growth-oriented startups. Climate Technology Program (CTP).
The objective of the Caribbean Climate Innovation Center (CCIC) is to establish regional institutional capacity that will support Caribbean entrepreneurs and new ventures involved in developing locally-appropriate solutions to climate change mitigation and adaptation. Through its programs, activities and financing, the Caribbean CIC and its network of partners and stakeholders will provide a regionally-driven approach to solving climate, energy and resource challenges and support economic development through job creation. The program will provide targeted support, mentoring, training and funding facilitation to up to 80 companies in the region.
The model for the CCIC was developed in collaboration with local stakeholders to specifically address the identified gaps across five priority sectors (Resource use/efficiency, Sustainable agri-business, Solar Energy, Energy Efficiency and Water Management) through the following initiatives:
Building a pipeline of high-impact new ventures through the provision of Proof of Concept funding to test the commercial viability of select climate solutions.
Support the iterative testing and prototyping of these solutions through access to technical facilities and technology information.
Accelerating access to early growth-stage capital to local climate technology companies through the provision of targeted pre-investment advisory services and investment facilitation and syndication, including via online platforms.
Supporting the accelerated growth of climate-tech businesses and entrepreneurial capacity through providing technology-enabled business development services, networking, mentoring and training programs.
Identifying and developing local, regional and international market opportunities for innovative climate solutions through the provision of needed sectoral and market information.
Influencing and advocating for policy coordination and change through creating better dialogue and linkages between the public and private sectors.
Promoting internationalization opportunities of supported projects and companies through creating and managing a network of regional and international partners, raising awareness and facilitating trade and export opportunities.
The CCIC model has been developed in consideration of the above objectives and aligned with various areas of need. The vision for the CCIC is to provide a holistic range of programs and support services that ensure local challenges to climate innovation are addressed, while also coordinating and leveraging related activities in the Caribbean at the regional and international levels.
Based on these objectives, the model for the CCIC is built around three main components, each of which will support the delivery of various programs that stakeholders have identified as being essential for successfully developing climate-tech businesses. The model diagram illustrates the core activities and business lines.