“Developing countries’ climate adaptation needs are immense and diverse, and the private sector has an important role to play in filling the gap. Through ASAP, companies at the intersection of impact, inclusion, and investability will have a chance to bring their ideas from vision to scale.”ĪSAP is a grant-funded initiative led by The Lightsmith Group and supported by the Global Environment Facility’s Special Climate Change Fund, Conservation International, and the Inter-American Development Bank that seeks to build an ecosystem for small to medium-sized companies in emerging markets that have technologies, products, and services that can be used to build resilience to the impacts of climate change.
“SMEs and startups provide the local, contextualised, solutions for climate adaptation and resilience in developing countries,” said Adedana Ashebir, Regional Director, Africa and the Middle East at Village Capital, “Despite this fact, many struggle to secure financing and lack the operational capacity to scale their solutions. “By connecting, SMEs identified through the Adaptation Solutions Taxonomy to resources of a world-class accelerator, and we can demonstrate how these companies can scale up their solutions to the growing impacts of climate change, especially in the places that are most vulnerable.”
“Accelerating the growth of selected climate adaptation solutions companies in developing countries is the key final step in the ASAP strategy,” said Jay Koh, Managing Director of the Lightsmith Group. The ASAP program is an initiative for Small And Medium-Sized Enterprises (SMEs) and startups scaling market-based and contextualised solutions to critical climate adaptation and resilience challenges. Supreme Court Justice David Souter.Village Capital and The Lightsmith Group have opened applications in Africa and Asia for the Adaptation SME Accelerator Project (ASAP). Koh is a graduate of Harvard College, Oxford University, and Yale Law School, and was also a law clerk to U.S. Koh has had experience reviewing and approving project financings and investment funds executing solar, wind, small hydro, and biomass projects as well as energy efficiency financing structures. Koh also spent nine years at The Carlyle Group where he focused on direct growth equity investing. Koh served as the Head of Europe, Middle East and Africa (EMEA) Private Equity at R3 Capital, formerly the Global Principal Strategies Division of Lehman Brothers. Koh led the agency's $2.6 billion active emerging markets private equity program, oversaw 33 funds and was involved in managing a $15 billion portfolio of political risk insurance, direct finance and private equity investments. Koh was the Head of Investment Funds and Chief Investment Strategist at the Overseas Private Investment Corporation (OPIC), the development finance institution of the United States government. Jay Koh is a Managing Director and Founder at the Lightsmith Group, and previously served as a Partner of Siguler Guff and was a member of the Firm's senior management team. Jay Koh Managing Director & Founder at The Lightsmith Group
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