Convergence Blended Finance — Accelerator Design Grants

Enriched multilateral · Found: 2026-03-14 20:15

Design grants up to USD 500K to structure innovative blended finance vehicles. Blue Economy eligible. Asia Climate Solutions window covers Indonesia, Vietnam, India.

Source: https://www.convergence.finance/accelerator

Funding Details

Funder

Convergence Blended Finance (Canada-backed)

Funding Goal

Fund the design and launch of innovative blended finance vehicles that unlock private capital for sustainable development in emerging markets

Funding Amount

Up to USD 300,000 (Asia Climate Solutions window); up to USD 500,000 (Catalytic Climate Finance Facility); tentative April 2026 deadline for some windows (300.000 € – 500.000 €)

Deadline

Asia Climate Solutions: intake to be announced; CC Facility: to be announced; Accelerator for Fund Managers: tentative April 2026 (periodic)

How to Apply

Apply via convergence.finance/accelerator; concept note submission, then full proposal (invite-only)

Target Region

Developing countries globally; Asia priority for specific windows; emerging markets broadly

Contact

info@convergence.finance

Last Checked

2026-03-14 20:18

Application Checklist

Eligibility

• Organisation can propose a blended finance vehicle that would attract commercial capital
• Proposal targets a developing country
• Demonstrates theory of change for unlocking private finance
• Team has finance/investment management experience (or can hire it)

Project Scope

• Design of financial instrument: e.g. plastic waste recycling fund combining Danida + IFU + DFC + corporate offtake
• Addresses climate finance gap in emerging markets
• Target scale of USD 25M+ (required by some windows)

Constraints

• This funds financial structuring, not programme delivery
• Organisation needs financial expertise or access to it
• Deadlines not yet confirmed for 2026

Summary

Convergence is the worlds leading platform for blended finance design funding. Its grants do not fund programmes — they fund the design of financing structures that can mobilise private capital at scale. For this organisation, the most powerful application would be: We have proven end-to-end plastic waste value chains in Vietnam and Indonesia. Help us design a blended finance vehicle that can take this to USD 50 million, combining Danida grant capital as first-loss with IFU equity, DFC guarantees, and corporate offtake agreements from FMCG companies. This application would be strengthened by a concrete partnership with a DFI (IFU) or impact investor (Circulate Capital). The Asia Climate Solutions Design Grant window is most relevant though it does not list plastic waste explicitly. Contact Convergence before applying to confirm eligibility. Consider engaging a blended finance advisory firm (SYSTEMIQ, KOIS, Dalberg Capital) to co-develop the application.

Historical Context

Convergence was founded in 2016. Has provided over USD 70M in design funding across 200+ transactions. SDG Impact Finance Initiative was a specific Canada-backed window. Asia Climate Solutions window active in 2025-2026. Catalytic Climate Finance Facility is newer (2025).

Why it was added

grant-scan-2026-03-14-family-offices

Similar Programs

← Back to list