Roehl Niño Bautista · · 2 min readWavemaker, UNDP 🤝 to drive greentech startups in SEA
The United Nations Development Programme (UNDP) and Wavemaker Impact (WMI) have entered a three-year partnership to mutually support the development of scalable and sustainable tech companies.
“This new partnership will provide critical support to the ‘impact’ startups of the future, which can serve as a model on how the private sector can address the development challenges of tomorrow,” said Kanni Wignaraja, United Nations assistant secretary-general and UNDP regional director for Asia and the Pacific.
WMI founding partner Doug Parker (left) with United Nations assistant secretary-general and UNDP regional director for Asia and the Pacific Kanni Wignaraja / Photo credit: Wavemaker
WMI is the climate tech-focused arm launched by VC firm Wavemaker Partners in 2021, with a goal of raising US$25 million for companies addressing global emissions.
UNDP will provide WMI with training, tools, and support on practical impact measurement and management frameworks. The partnership puts four of the 17 Sustainable Development Goals forward: climate action, affordable and clean energy, sustainable cities and communities, and industry, innovation, and infrastructure. WMI will use UNDP’s framework to assess the social and environmental impact of the firms under its portfolio.
The climate tech venture builder recently partnered with Enterprise Singapore to build 12 companies in the next three years. Wavemaker also recently led an environmental intelligence firm’s US$1 million round.
See also: Dutch startup plans to keep Southeast Asia afloat – literally
Editing by Collin Furtado and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
