A non-profit association set up under the Luxembourg Climate Finance Strategy, the International Climate Finance Accelerator (ICFA) aims to provide emerging fund managers focused on climate action with a support envelope, working capital loan, coaching and training workshops. The ICFA on 5 November announced that it is now accepting applications for its multi-year acceleration programme for its 2025 cohort, targeting the areas of climate mitigation finance and climate adaptation finance.

Applicants should be a first- or second-time investment management or investment advisory company who is committed to developing best practices and plans to set up an impact investment vehicle, . Their project should have a strategy that generates positive, measurable and substantial environmental and/or social impacts, as well as financial returns. At least 75% of the project’s total assets should be allocated to investments that contribute to climate change mitigation and/or climate change adaptation.

Members of previous cohorts include Scalar International (which focuses on energy efficiency, energy generation and climate tech), Big Valley (agriculture, circular economy, climate tech), Miarakap (specialist in blended finance in Madagascar that promotes the sustainable use of natural resources), Agri Frontier (agriculture sector, climate and gender-smart SMEs), Outrigger (boosting the sustainability of ocean resources), Annycent (supports renewable energy projects), Olduvai Capital (climate finance), Gaia Fund Managers (clean energy) and Evenpar (water & sanitation , recycling & upcycling, biogas production, power and biofuel production).

The closes on 30 November.