Acumen Eyes $1.5B for Climate-Resilient Farming in Developing Regions
TLDR
- Acumen commits $1.5 billion by 2030 to support agricultural startups in developing regions.
- Focus on climate resilience for small-scale farmers, crucial for 30% of global food production.
- Initiatives to include solar-drying technology and bio-digesters in Africa, South Asia, and Latin America.
U.S. nonprofit Acumen has announced plans to mobilize $1.5 billion by 2030 to support startups focused on agricultural adaptation in developing regions.
Acumen, which has financed companies in health, education, and solar power since 2001, will contribute $300 million to the initiative and aims to secure $1.2 billion in co-financing from partners.
The fund will invest in startups addressing climate resilience for small-scale farmers, a group responsible for 30% of global food production but highly vulnerable to climate change. Acumen plans to establish two funds next year, targeting companies in Africa, South Asia, and Latin America with solutions like solar-drying technology and bio-digesters.
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Key Takeaways
Acumen’s $1.5 billion fund represents one of the largest private investments in climate adaptation for small-scale farmers, aiming to improve yields and income for 40 million farmers by 2030. With just $2 billion of climate finance reaching small farmers annually, Acumen’s initiative seeks to close the $151 billion funding gap estimated by the One Acre Fund for building climate resilience in agriculture. The initiative underscores the growing interest in sustainable agricultural innovation to protect food systems against climate risks. Targeted investments in adaptation technologies—such as solar-powered irrigation and bio-digesters—offer a critical pathway to improve productivity and sustainability for farmers in regions increasingly affected by climate change.
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