The Project objective is to support a transition to decarbonized and sustainable food systems through the systematic acceleration and scaling-up of catalyst tech-based solutions, strengthening stakeholders as a means to achieve climate change mitigation, adaptation, and restoration. The regional Fund will invest in a critical phase for early-stage companies from seed rounds, series A to series B, thereby enabling the deployment of high-impact solutions that address some of the most important needs and barriers in the agrifood sector.

Project Details

GEF Project ID
11066
Country
Regional
Implementing Agencies
Inter-American Development Bank
Approval FY
2024
Status
Project Approved
Region
Regional
Executing Agencies
The Yield Lab Latam
GEF Period
GEF - 8
Project Type
Full-size Project
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
27,275,000
GEF Project Grant
6,000,000
GEF Agency Fees
570,000

Timeline

Received by GEF
27 Feb 2023
Concept Approved
29 Jun 2023
Project Approved for Implementation
11 Mar 2024