TechEmerge Sustainable Cooling Innovations in Retail Cold Chain (IFC-605461)

  • South Asia
Geographic location where the impacts of the investment may be experienced.
  • India
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 21, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 24, 2022

Disclosed by Bank Oct 4, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to IFC documents, The TechEmerge project will support IFC’s strategy by introducing the best available technologies to IFC clients and prospective clients in the sustainable cooling sector across emerging markets, especially in India through implementing the following 4 main components:

1. Mapping demand and cooling innovation needs across for a representative logistics brand;
2. Screening and evaluation of relevant new and sustainable cooling offered by innovative technology providers;
3. Curating credible innovations; creating linkages between innovators and adopters; and
4. Supporting structuring and financing field test projects (pilots) uniquely tailored to local needs.

The TechEmerge project will leverage and combine IFC’s strong track record in venture capital investing in young companies with its existing network and know-how of 2,000+ investment clients globally who are users of technology. Local corporations in emerging markets often lack collaborations with international and local innovators resulting in sub optimal solutions being scaled up. Hence, the Project also seeks to enhance integration across markets by creating mechanisms that enable the flow of best-in-class cooling technology solutions from around the world to South Asia (India, Bangladesh), by reducing mitigating adoption risks.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

The goal of the TechEmerge project is to accelerate the dissemination and commercial adoption of new innovative sustainable cooling solutions/technologies with high development impact potential in emerging markets by leveraging IFC’s global reach.

More specifically, the project aims to:
1. Improve the receptiveness and willingness of corporates in emerging markets, especially India, to adopt innovative and sustainable cooling technologies.
2. Increase the motivation of young technology companies from around the world to adapt and deploy their solutions in South Asia.
3. Refine IFC’s value proposition (investment and advisory knowledge, capability and solutions) for capturing and supporting technology for development impact.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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How it works

How it works