Climate Innovation Challenge:
Finance for the Future
SAVE THE DATE: 13-14 May 2023
Participants, mentors and judges
3 - 5
Early stage startups
Watershed, 17 Dock Rd. Victoria & Alfred
Cape Town, 8002, South Africa
Preliminary Agenda 2023
Program Day 1
09:00 - 09:30 Registration and settle in
09:30 - 10:20 Opening
- - - - - - - - Break
10:30 - 11:30 Team formation
11:30 - 12:30 Teamwork, coaching: articulating the problem space
- - - - - - - - Lunch
13:30 - 16:00 Teamwork, coaching: entering the solutions space
16:00 - 16:45 Teamwork, coaching: articulating the vision
16:45 - 17:00 Closing and recap
17:00 - 19:00 Teamwork
Program Day 2
09:00 - 09:30 Opening and breakfast
09:30 - 12:30 Teamwork, coaching: prototyping
- - - - - - - - Lunch
13:30 - 14:30 Coaching: prototyping testing
14:30 - 15:50 Teamwork: prototype refinement
- - - - - - - - Break
16:00 - 16:45 Teamwork, coaching: pitch prep
16:45 - 18:00 Pitches
18:00 - 19:00 Judging and awards
19:00 - 20:30 Closing and Apero
You are either an individual excited to collaborate on a new idea or a startup team looking to find solutions to boost your business. Participate.
You are passionate about climate, finance or the environment and want to support entrepreneurs looking to build a better future. Join here.
You want to support the Climathon and make it a high-impact event. Partner with us.
Climathon Cape Town is a great opportunity to build your ideas or showcase your talent to early-stage startups.
Climathon is a worldwide movement of people who actively combat climate change and is held in cities around the world. In Cape Town, the CIFAR Alliance, BFA Global, and Mastercard's Center for Inclusive Growth will host their inaugural Climathon in collaboration with Stellenbosch LaunchLab and the University of Cape Town’s Algorand Financial Innovation Hub.
During 48 hours, participants will have the chance to meet inspiring entrepreneurs, work on challenges at the nexus of climate and finance and share their ideas to inspire others. Participants can build a new idea from scratch or they can collaborate with existing early-stage startups tackling climate change.
Ideas, Funding and Talent
This year’s participants will collaborate and compete to receive:
Winning Team #1 - USD 2,000
Winning Team #2 - USD 1,000
Winning Team #3 - Access to LaunchLab Co-Working and 1-on-1 entrepreneurship counseling
All winning team members will be considered for future cohorts of BFA Global’s Triggering Exponential Climate Action Program and gain access to the CIFAR Alliance network of experts and investors. Participating startups may also be looking for talent to join their teams!
What can I expect during the event?
Participants will enter the Climathon with a choice:
Do I bring my innovative new idea to the table and form a team?
Do I bring my talent to an existing startup and help them boost their product?
Both paths will entail the same sessions consisting of:
Opening, Closing and Networking
We will open the Climathon with context and framing as well as guest speakers that will set the mood and provide inspiration for ideas.
The Climathon will close with a pitch fest and award ceremony where winning teams are announced.
Entrepreneurs and mentors are encouraged to connect throughout the sessions as well as during breaks, lunches and after event happy hour.
The Climathon will begin with participants forming teams during a facilitated session. Individuals with new ideas can find their fellow “founders” while members of existing startups will be looking for new members to fill their existing talent gaps and who are passionate about their solution!
Example existing startups may focus on carbon credits, coastal production systems (e.g. algae production), or financial services that help build the resilience of climate vulnerable communities.
Team work sessions will focus on framing the problem, prioritizing the solution and building your prototype - either an MVP or a high fidelity mockup.
Micro-Workshops and Coaching
Team Work sessions will typically start with guidance on how to tackle the next step in developing your product and provide useful tools for doing so. Such guidance may include “Framing the Problem”, “Understanding the User” or “How to Pitch”, for example.
Coaches will be available throughout the sessions, with diverse backgrounds ranging from social innovation, climate science, city planning, user research, software development, fintech and product management.
The Topic: Climate and Finance
This event challenges entrepreneurs on how to integrate financial services in climate solutions and vice versa.
Access to financial resources remains one of the biggest barriers to building climate resilience of vulnerable communities. Financial technologies, like digital payments, embedded credits, insurance, or payment services, can be catalytic for expanding the reach and usability of climate solutions. While some products can be finance-forward (e.g. a climate savings product), others may just embed financial technology (e.g. a marketplace component to a climate service app).
Check out the Digital Finance for Climate Resilience Framework to learn more!
Meet the team
Nelly Ramirez Moncada
Media & Communications
This Climathon is organized by the CIFAR Alliance, BFA Global, and Mastercard's Center for Inclusive Growth
Terms and Conditions of participating at Climathon Cape Town
All Climathon participants grant the Climathon Cape Town Organizer, its subsidiaries, agents and partner companies, a perpetual, irrevocable, worldwide, royalty-free, and non-exclusive license to use, reproduce, adapt, modify, publish, distribute, publicly perform, create a derivative work from, and publicly display the submission. Of course, all participants maintain the ownership and property rights of the work that they created during Climathon (e.g. source code).