Application Deadline:March 1, 2020

An annual Pitch Hub competition for innovators that showcase ingenuity, entrepreneurship, and a clear value proposition. A competition aiming to engage startups and entrepreneurs and to create a space for innovate at I4C.

Objective

Highlight climate-smart solutions with potential for transformative impact in reducing emissions and/or increasing resilience to climate change.
Facilitate matchmaking between investors and investment opportunities.

The Challenge

55% of the world’s population lives in urban areas, a proportion that is expected to increase to 70% by 2050. Cities account for just 2% of global land area but are responsible for 70% of greenhouse gas emissions. Furthermore, as much as 80% of adaptation costs are expected to be borne in urban areas.

Supporting climate-smart cities – those that are low-carbon and climate resilient – is a critical part of addressing climate change. Becoming a climate smart city requires an integrated approach combining planning, policy, regulation, and investment.

Criteria

MINIMAL VIABLE PRODUCT STAGE

Solutions can be goods, services (e.g. financial instruments, risk management mechanisms), technological solutions, or innovative business models that can be applied in one of the urban focus areas defined above.

For More Information:

Visit the Official Webpage of the World Bank Innovative4Climate 2020 Pitch Hub Competition