2020 World Bank Innovate4Climate Pitch Hub Competition
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.
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.
FOCUS AREAS
1. Energy
2. Food/ Agriculture
3. Mobility/ Transportation
4. Waste/ Water
5. Fintech
ELIGIBILITY
Open to startups and entrepreneurs and to create a space for innovate at I4C.
BENEFITS
1. Prize: US$ 50,000 worth of Amazon Web Services (AWS) credits
2. Registration and Travel & Accommodation to take part in I4C
3. Coaching & Training
4. Startup Bootcamp
5. Access to Investors
6. Networking, access to events, exposure, and visibility
EVALUATION CRITERIA
1. 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.
2. CLIMATE-SMART
Potential for climate change mitigation or adaptation
3. FEASIBLE
Clear value proposition, actionable business model, preliminary market analysis, draft implementation plan
4. IMPLEMENTABLE
Potential to achieve market viability and deployment capacity
5. SCALABLE
Potential to be scaled-up or replicated in other contexts
OFFICIAL LINK
