Call for Proposals: Catalytic Climate Finance Facility (CC Facility) – Application Cycle 4 2025

The Catalytic Climate Finance Facility (CC Facility) is a partnership between CPI and Convergence that helps the most innovative blended climate finance structures become investable solutions that can be standardized, replicated, and scaled. The program provides bespoke technical assistance and working capital to accelerate the scaling and deployment of market-ready vehicles that have already executed pilots and/or have proven their investment model. 

The program’s support proactively addresses key barriers to raising private capital by building the capabilities of proponents to generate business traction, secure funding, and accelerate market rollout. Proponents benefit from customized technical support for up to 12 months from a dedicated team as well as from field experts, senior management, investor relations, communications, and operations teams.

Please note that first-time funds or vehicles are welcome to apply to the CC Facility, but the team should be able to demonstrate a proven track record and targeted experience within the relevant sectors, asset classes, and markets. Also, the applicant must be an established organization, with proof of incorporation and financial statements.

To submit an idea for consideration in the CC Facility’s 4th cycle, please first create an account with Submittable or log in to your existing Submittable account

2025.1 Round

Round 2025.1 is currently open.

The deadline to submit a concept note is April 24.

Qualifying Criteria

The CC Facility supports blended finance structures targeting climate action in developing economies. Applications will be assessed based on a set of qualifying characteristics and key evaluation criteria.

Applicants must meet the following criteria to be eligible for consideration:

Investment theme: Structures addressing climate adaptation and/or mitigation

Sectors: The next round of applications will focus on sustainable agriculture solutions in Sub-Saharan Africa and/or South Asia, as well as other climate adaptation and mitigation solutions targeting Asia-Pacific.

Geography: Developing countries.

Applicants do not need to be domiciled in a developing country but end beneficiaries and target activities must. Preference will be given to local applicants who demonstrate a nuanced understanding of local contexts and engagement with local stakeholders where relevant.

Stage: Market-ready structures moving through an initial adoption stage in their development process

This includes blended finance structures that have already been tested for feasibility, completed proof of concept, pilot(s), or a minimum viable product, and are ready to soon launch and scale.

Team & local capacity: Proven track record and experience in targeted sector and geography, capacity and willingness to engage with the CC Facility program, and on-the-ground presence. Additionally, structures will be assessed on their ability to demonstrate local capacity development (e.g., knowledge, leadership, and technology transfer) in the target geography.

Entity type: Organizations or a consortium of organizations, including advisory firms, foundations, not-for-profits, fund managers, and private enterprises.

Public institutions such as development finance institutions, multilateral development banks, UN and government agencies can not be the lead applicant or grant recipient.

The lead organization must be able to provide proof of incorporation and financial statements for the previous fiscal year.

Click Here To Apply

If you have any questions about eligibility, see the Frequently Asked Questions section on the How it works Page .

Key Evaluation Criteria

We evaluate eligible applications based on the following criteria:

Additionality:

How does this structure compare to others in the market and why are the alternatives inadequate to address the development challenge at hand?

Does this structure address climate finance barriers or a market failure in a new or more efficient way?

Catalytic potential:

Does the structure contribute to climate mitigation and/or adaptation in developing economies?

Is this structure replicable and/or scalable?

Financial sustainability:

Are the right stakeholders involved? Do they show a sufficient level of commitment?

Is the structure financially sustainable? How much runway does the vehicle have?

What conditions must be met for concessional financing to be phased out?

Gender equality:

Is there a strong understanding of gender-related risks and opportunities in the context of the vehicle?

Is there evidence of (or an intention to improve upon) integration of gender considerations across different aspects of the vehicle?

Mobilization:

Does the structure have the potential to mobilize private capital at scale and/or to attract participation from new segments of investors?

Is there any interest (e.g., soft commitment) from potential investors and funders in the solution? How bankable/investable is the structure?