CALL FOR PROPOSALS TO PARTNER WITH RWANDA GREEN INCUBATORS
CALL FOR PROPOSALS TO PARTNER WITH RWANDA GREEN INCUBATORS AND ACCELERATORS FACILITY FOR PROVISION OF BUSINNESS INCUBATION AND ACCELERATION SERVICES
Rwanda’s Vision 2020 seeks to transform Rwanda into an information-rich, knowledge-based society and economy. The Countries Economic Development and Poverty Reduction Strategy 2 (EDPRS 2) includes as one of its priorities that of Economic Transformation by developing a ‘Green Economy’ and calls explicitly for the establishment of an Environment and Climate Change Innovation Centre as the main institutional driver for ‘High Environmental Standards and Sustainable Green Innovation in the Industrial and Private sectors
The National Fund for Environment in Rwanda which is a National Financing Vehicle created to Mainstream Climate Resilience and Support the Implementation of Green Growth in Rwanda, has been mandated to promote and support private sector climate Mitigation and Adaptation projects in Rwanda in line with the Government of Rwanda’s Vision 2020 Outcome of Creating and Growing Green Jobs.
To achieve its mandate of supporting private sector, FONERWA commissioned a scoping study, to assess the potential for the establishment of a Climate Innovation Centre (CIC) in Rwanda to provide support to Innovative Companies in Green Sectors and a Technical Assistance (TA) facility to step up efforts to mainstream and implement climate change and environmental principles in sector strategies. The scoping study recommended the provision of Technical/Technology Assistance, Business & Marketing, Finance and International Networking to SMES in the Agriculture, Energy, Urbanization (Green Cities), Water, Waste and Transportation (Mobility) sectors as areas of focus for the CIC. Per the Institutionalization of the CIC, the scoping studies recommendation is for the CIC to deliver some services and coordinate delivery of others with relevant organizations. FONERWA plans to spearhead Access to Finance as part of the Institutional Arrangement for the CIC by broadening its scope of services and instruments to better align to the needs of private sector Green enterprises, especially Green SMEs.
The National Fund for Environment now solicits proposals from interested firms for partnership to Develop, Establish and Manage their own Green Incubation or Acceleration Fund as a Sub-Fund of FONERWA’s GIAF. FONERWA’s GIAF plans to invest between USD 1 to 5 Million in each selected partner Incubator and Accelerator Fund.
Proposals must be presented in English, in Microsoft Word or PDF format, and submitted electronically by email to email@example.com by 30th October 2018.
Applicants and must clearly state if they are interested in partnering FORNERWA to set-up either a GIAF Incubation Fund or Acceleration Fund
More details on selection and the services required are provided in the Terms of Reference accessed from FONERWA website. Click here to download ToR