MEF
dialogue · India · Est. 2023Completed

ICAP — India Climate Accelerator Platform

MEF–IFC partnership. Accelerator of accelerators. Three modules: Investment Acceleration, Blended Finance enabling, Building Enabling Ecosystem. Builds climate-tech investing ecosystem in India.

Sectors

Policy Connections

PolicyScopeHow this programme connects
National Mission for Strategic Knowledge for Climate Change

Delivery

nationalICAP's Module 3 ecosystem building aligns directly with NAPCC strategic knowledge mission.
Baku to Belém Roadmap

Advocacy

globalICAP Module 2 explicitly aims to shift policy — enabling R&D grants for private sector climate startups, blended finance legal frameworks.
India NDC 2.0

Advocacy

nationalICAP advocates for India to create a DARPA-equivalent structure for climate tech R&D grants.
Paris Agreement

Problem

globalParis Agreement commits India to $10.1T net zero by 2070 — but no domestic mechanism exists to channel risk capital. ICAP exists because of this gap.
India NDC 2.0

Problem

nationalNDC 2.0 requires climate-tech investment ecosystem. No accelerator-of-accelerators exists in India. ICAP is the answer.

Partners

United Nations Environment Programme

Programme Events

ClimateNXT BangaloreAugust 2022 · Hyatt Bangalore
milestone