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ACCELERATING ADOPTION OF INNOVATIVE TECHNOLOGIES IN EMERGING MARKETS
What We Do
This award-winning program from the International Finance Corporation (IFC) accelerates the adoption of innovation where it is needed most by matching innovators across the world with leading companies and organizations in emerging markets to pilot game-changing technologies, services, and business models. Together with our panel of independent advisors, we support participants throughout field testing, mitigating financial and operational risks for innovators, reducing adoption risks for local firms, and facilitating market-entry and tech transfer.
Focus Areas
TechEmerge is exploring opportunities to bring high-impact tech solutions to emerging markets in select sectors
SUSTAINABLE COOLING
Residential, Commercial and Industrial Space Cooling, Cold Chain, Transport Refrigeration Units
How We Work
TechEmerge uses a unique six-step process to connect innovators with companies in emerging markets and accelerate the adoption of new technologies, services, and business models.
1 - ASSESS
Leveraging IFC's 50+ years of expertise, we identify innovation gaps in emerging markets, and work closely with local companies to understand the unique needs of potential adopters/buyers.
2- SOURCE
We launch an open call for innovators across the world with relevant solutions to apply to join the program.
3 - SELECT
With our expert advisors, we select high-performing innovators with proven technologies that can meet the needs of participating local adopters.
4 - MATCH
Through a carefully curated process, we arrange events and meetings for shortlisted innovators to meet top local companies and demo their products, and to discuss the potential to pilot projects together.
5 - PILOT
Selected innovators and local partner companies test technologies on the ground in emerging markets.
6- SCALE
If the pilot is successful, the local company and innovator may decide to enter into a commercial contract. IFC also evaluates financing needs and may invest in companies to scale game-changing innovations.
NEWS & EVENTS
March 16, 2021
IFC and IHCL Launch Global Call for Innovators to bring Climate-smart Cooling Solutions to Indian Hospitality SectorMUMBAI, MARCH 16, 2021 - IFC, a member of the World Bank Group, and Indian Hotels Company (IHCL
About Us
TechEmerge was created by IFC—a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets. IFC works with more than 2,000 businesses worldwide, using its capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, IFC invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. TechEmerge builds on IFC’s strong track record of investing in young companies with innovative technologies or business models with high impact potential. The TechEmerge program leverages its access to a vast global network of development partners, local implementing partners, technical specialists, and multinational corporations to support the program.
