IFC's Cleantech Investment Program - World Bank Group
IFC’s Cleantech Investment Program
Venture Capital and Private Equity Finance for Innovative Companies in Developing Countries
We support early stage Cleantech companies originating from or expanding into developing countries investing US$3 million and up in equity catalyzing co-investment introducing a network of IFC clients including co-financiers and major industrials across all sectors offering follow-on debt financing to our portfolio companies as they mature leveraging IFC’s long-standing project and corporate finance products
Example Transactions Industrial Energy Efficiency
Equity and mezzanine finance for Shuoren Applies dehumidification technology to combustion gases and other industrial processes for energy efficiency.
Energy Efficient Data Centers
We cover most Cleantech sectors renewable energy and energy efficiency recycling and waste management water (capture, transport, treatment, supply) clean transport green buildings and materials industrial and agricultural eco-efficiency
We look for technology, product, or service companies post revenue (but often pre-profit) companies private companies, without significant government ownership tech transfer or locally grown intellectual property strong management teams investment in developing countries measurable environmental benefits
Equity and debt in EDC, China, and Asteros, Russia Building and operating energy efficient data centers
Clean Drinking Water
Preferred equity and debt in WaterHealth International Sells clean drinking water in bulk through community water stores in India, Ghana, and the Philippines.
Recycling
Preferred equity in MBA Polymers Recycles mixed waste stream plastics from durable goods such as refrigerators and televisions.
Cleaner Energy
Preferred equity in TurboTech Designs, manufactures and installs low cost turbines to introduce cogeneration to Indian industries.
We do not work with companies unless they face significant developing country risk and deliver local economic benefit finance R&D, nor seek significant technology risk – our strength is assessing and helping mitigate developing country market risks.
Funds IFC also invests in Cleantech funds focused on developing country markets.
Visit our web site at www.ifc.org/cleantech or call Corinne Figueredo at 1 (202) 473-2899 Global Information and Communication Technologies Department
When prioritizing investments these are the key factors IFC considers: Management: experience, collective track record, industry knowledge Stage: companies with market traction (sales / order book) and substantially de-risked technology Competitive advantage: lower production costs / superior performance, barriers to entry including patents, know-how, brand, supply and distribution. Market & growth potential: large market with rapid penetration potential. Business Model: Volume and gross margin forecasts generating positive cash flow within 3 years. Quantifiable environmental benefits: e.g. estimated GHG emission reduction. When submitting a proposal, please: Include the information in the outline below in a summary of no more than 6 pages. This will allow us to respond to you more promptly. ------------------------------------------------------------------------------------------------------------------------------Company Legal Name 1. Country of Domicile 2. Sector (e.g. energy efficiency, renewable energy, carbon capture, water efficiency..) 3. Proposed IFC investment - amount requested, % shareholding offered and timeline to closing 4. Business Concept and Market Opportunity 5. Description of business activities (end product, raw material procurement, technical 5.1 process, suppliers and buyers, etc.) Rationale - value proposition to buyer, projected profitability, market size and penetration 5.2 strategy Goal of this round of financing (financial and operational targets, timing of following round, 5.3 interim burn rate and timeline for break-even) Innovation - new technology, business model, entrance into a new market, other “firsts” 5.4 Competition - incumbents and new competitors, sustainable competitive advantage 5.5 Company History 6. Operational experience product reliability, client base and order book, staff size 6.1 Financial performance to date – audits if available 6.2 Funding to date - details of existing loans, grants, prior equity rounds (size, valuation, 6.3 investors’ identity, details of special rights including regarding approval of current round) Management team: CVs, track record of collaboration, ownership 7. Use of funds – and investment timeline 8.
9.
10. 11. 12.
Cost Item Land, building, civil works Equipment and machinery Working capital Other Total
Amount (US Dollars)
Source Equity - Each existing shareholder - IFC - Each new investor Debt (if appropriate) - Long term debt - Short-term - IFC - Other Total
Amount (US Dollars)
% of total
100%
Financial Plan - and level of commitment of each funding source (e.g.approved/disbursed) % of total
100%
Shareholding structure – list all investors, their relationship with the company, and their ownership in each series/class of shares. Financial projections and assumptions (e.g. sales volumes, price per unit, cost structure per unit, administrative expenses, marketing and sales costs etc.) Environmental performance. Measurable climate change impact (tons of CO2 equivalent emissions avoidance) and other environmental benefits.
Venture Capital and Private Equity Finance for Innovative Companies in Developing Countries
We support early stage Cleantech companies originating from or expanding into developing countries investing US$3 million and up in equity catalyzing co-investment introducing a network of IFC clients including co-financiers and major industrials across all sectors offering follow-on debt financing to our portfolio companies as they mature leveraging IFC’s long-standing project and corporate finance products
Example Transactions Industrial Energy Efficiency
Equity and mezzanine finance for Shuoren Applies dehumidification technology to combustion gases and other industrial processes for energy efficiency.
Energy Efficient Data Centers
We cover most Cleantech sectors renewable energy and energy efficiency recycling and waste management water (capture, transport, treatment, supply) clean transport green buildings and materials industrial and agricultural eco-efficiency
We look for technology, product, or service companies post revenue (but often pre-profit) companies private companies, without significant government ownership tech transfer or locally grown intellectual property strong management teams investment in developing countries measurable environmental benefits
Equity and debt in EDC, China, and Asteros, Russia Building and operating energy efficient data centers
Clean Drinking Water
Preferred equity and debt in WaterHealth International Sells clean drinking water in bulk through community water stores in India, Ghana, and the Philippines.
Recycling
Preferred equity in MBA Polymers Recycles mixed waste stream plastics from durable goods such as refrigerators and televisions.
Cleaner Energy
Preferred equity in TurboTech Designs, manufactures and installs low cost turbines to introduce cogeneration to Indian industries.
We do not work with companies unless they face significant developing country risk and deliver local economic benefit finance R&D, nor seek significant technology risk – our strength is assessing and helping mitigate developing country market risks.
Funds IFC also invests in Cleantech funds focused on developing country markets.
Visit our web site at www.ifc.org/cleantech or call Corinne Figueredo at 1 (202) 473-2899 Global Information and Communication Technologies Department
When prioritizing investments these are the key factors IFC considers: Management: experience, collective track record, industry knowledge Stage: companies with market traction (sales / order book) and substantially de-risked technology Competitive advantage: lower production costs / superior performance, barriers to entry including patents, know-how, brand, supply and distribution. Market & growth potential: large market with rapid penetration potential. Business Model: Volume and gross margin forecasts generating positive cash flow within 3 years. Quantifiable environmental benefits: e.g. estimated GHG emission reduction. When submitting a proposal, please: Include the information in the outline below in a summary of no more than 6 pages. This will allow us to respond to you more promptly. ------------------------------------------------------------------------------------------------------------------------------Company Legal Name 1. Country of Domicile 2. Sector (e.g. energy efficiency, renewable energy, carbon capture, water efficiency..) 3. Proposed IFC investment - amount requested, % shareholding offered and timeline to closing 4. Business Concept and Market Opportunity 5. Description of business activities (end product, raw material procurement, technical 5.1 process, suppliers and buyers, etc.) Rationale - value proposition to buyer, projected profitability, market size and penetration 5.2 strategy Goal of this round of financing (financial and operational targets, timing of following round, 5.3 interim burn rate and timeline for break-even) Innovation - new technology, business model, entrance into a new market, other “firsts” 5.4 Competition - incumbents and new competitors, sustainable competitive advantage 5.5 Company History 6. Operational experience product reliability, client base and order book, staff size 6.1 Financial performance to date – audits if available 6.2 Funding to date - details of existing loans, grants, prior equity rounds (size, valuation, 6.3 investors’ identity, details of special rights including regarding approval of current round) Management team: CVs, track record of collaboration, ownership 7. Use of funds – and investment timeline 8.
9.
10. 11. 12.
Cost Item Land, building, civil works Equipment and machinery Working capital Other Total
Amount (US Dollars)
Source Equity - Each existing shareholder - IFC - Each new investor Debt (if appropriate) - Long term debt - Short-term - IFC - Other Total
Amount (US Dollars)
% of total
100%
Financial Plan - and level of commitment of each funding source (e.g.approved/disbursed) % of total
100%
Shareholding structure – list all investors, their relationship with the company, and their ownership in each series/class of shares. Financial projections and assumptions (e.g. sales volumes, price per unit, cost structure per unit, administrative expenses, marketing and sales costs etc.) Environmental performance. Measurable climate change impact (tons of CO2 equivalent emissions avoidance) and other environmental benefits.
