ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners, ADB provides quality development solutions to solve the region’s complex challenges.
Founded in 1966, ADB is owned by 69 members—50 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Funds and Resources
ADB offers loans, grants, and technical assistance from Special Funds, Trust Funds, and other sources to help reduce poverty in Asia’s poorest countries.
《中国记者》杂志
What is the fund?
百度 但事实上，作为客厅争夺战的重要棋子，盒子在众多互联网企业眼中并不仅仅只有电影电视剧的内容播放，还承载着其他娱乐布局，比如游戏、音乐甚至是电视购物。ADB Ventures Investment Fund 1 (VIF1) is a multi-donor trust fund that raised $60 million in September 2020, exceeding the fund capitalization target. It invests in early-stage companies with technology enabled solutions that contribute to multiple Sustainable Development Goals (SDGs), with a focus on climate and gender impact. The fund has a 17-year fund life for holding periods of up to 10 years to maximize the opportunities for success of an early-stage company requiring more patient capital.
What are the priorities?
VIF1 will contribute to multiple SDGs by applying climate (80% of investments) and gender (75% of investments) impact investment lens, primary targeting ADB’s developing member countries (DMCs) in Southeast Asia and South Asia. VIF1 will focus on clean technology, agricultural technology, inclusive financial technology, and health technology. ADB Ventures aims to mobilize at least $360 million private capital for early-stage companies through co-investments.
What kind of activities are eligible?
VIF1 plans to make at least 15 investments over its life ranging in investment size from $100,000 to $4 million, primarily in the form of equity and quasi-equity. 50% of funding is reserved for follow-on investments.
Who is eligible to receive financing?
All DMCs are eligible for ADB Ventures support. Since ADB Ventures is a non-sovereign platform managed by ADB’s Private Sector Operations Department, only private sector companies or entities are eligible for assistance. Companies can be domiciled globally, however, the impact focus must be in a DMC.
Who supports the fund?
Ministry of Foreign Affairs Finland, Clean Technology Fund, Nordic Development Fund, and the Ministry of Economy and Finance Republic of Korea. The Department of Foreign Affairs and Trade Australia, Clean Technology Fund and Nordic Development Fund contributed to project preparation.