From 66 applicants--the most to date--come five fund managers chosen by the International Climate Finance Accelerator (ICFA) for its 2024 class.

The ICFA is an independent non-profit whose mission is to support emerging fund managers who are focused on climate action. The support includes an envelope of €80,000 (to be reimbursed when the fund is launched); a loan of €200,000 (to be reimbursed over five years); coaching; and training workshops.

This year’s class is made up of the following.

Agri Frontier. The goal of Agri Frontier is to help businesses find partners and markets in Africa. From their offices in the UK, Nigeria and Kenya, the company’s services include feasibility studies, business valuations, strategy development, financial modelling, fundraising and pipeline development.

Big Valley. Based in Zurich, Big Valley is an investment advisory firm interested in companies that accelerate the transition to a more sustainable and inclusive global food system. It invests mostly in companies with circular business models and carbon removal technologies.

Miarakap. Miarakap uses financial mechanisms to improve climate resilience in Madagascar and underdeveloped countries in the Southwest Indian Ocean. It funds “high-potential” entrepreneurs who are working on sustainable resource management, climate solutions and community development.

Outrigger Impact. With a focus on small island developing states, Outrigger Impact has a “blended finance” offering tailored for the particular environmental, social and economic challenges of small island developing states. Among other things, they invest in Blue Carbon; ecotourism; and projects that improve biodiversity in coastal communities.

Scalar International. Based in New York, Scalar International supports indigenous and women-owned businesses that contribute to sustainable, inclusive futures via clean energy and digital technologies. “We encourage the financial sector to participate in decarbonisation strategies,” the company says of itself.