Support for technological innovation in the climate sector

Our tool : CATAL1.5°T

In Sénégal, Teranga Capital is one of the implementing partners of CATAL1.5°T acceleration programme dedicated to financing start-ups developing innovative solutions to reduce CO2 emissions in West Africa.

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Access to financing is still limited for start-ups specializing in the climate sector. Yet climate-related technological innovations are essential to keep global warming close to 1.5° Celsius, and access to financing for them remains limited.

CATAL1.5°T enables companies in the climate sector to :

Develop or validate their products or services (e.g., through market research, product testing or product improvement)
Improve the market presence of their products and services, devise growth strategies, develop partnerships, etc.
Maximize the climate mitigation impact of their products and services through sound, internationally recognized assessment of CO2 emission reductions, and where appropriate, assessment and enhancement of climate change adaptation co-benefits.

The CATAL1.5°T initiative was launched by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in cooperation with EIT Climate-KIC and is financed by the Green Climate Fund (GCF) and the German Federal Ministry for Economic Cooperation and Development (BMZ).

For West Africa, I&P is in charge of prospecting and monitoring target companies, in particular Teranga Capital for Senegal.

CATAL1.5°T has 3 components:

Seed Funding

Meet the financing needs of companies during their incubation or acceleration phase, for amounts ranging between CFAF 23 million and CFAF 130 million.

Technical Assistance

Strengthen the capacities of financed companies through training and expertise assignments (business plan preparation, administrative and financial management, coaching, etc.).

Climatic expertise

Develop climate expertise to enhance companies’ current commercial and financial skills by assessing potential climate impacts.

Target companies

Eligible companies must meet the following criteria:

Be registered in one of the 8 West African countries (Benin, Burkina Faso, Côte d'Ivoire, Guinea, Mauritania, Niger, Senegal, Togo)
Managed by men and women dedicated full-time to their business and wishing to collaborate with a group of investors
Operating in the sectors of energy access and power generation; low-emission transport; buildings, cities, industries, appliances; forestry and land use
The solution (product or service) proposed by the company reduces or avoids greenhouse gas emissions or sequesters carbon
Less than 50 employees; or less than $3 million in assets; or less than $3 million in sales

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