A three stage approach
Stage one: submission of proposals
Throughout the year proponents can submit ideas how to mobilise more private finance for climate mitigation and adaptation projects. The form to do this can be found here. A proposal should meet the following criteria:
- The project is focused on the clean-tech, food, agro, or water sector.
- The project has potential for up-scaling.
- The project holds the promise to mobilise substantial private investment in the next 3 years.
- The project is concrete, realistic and actionable. It contains concrete milestones and metrics.
- Make sure that there is one or more parties willing to take the lead in preparing and presenting the project, and eventually implementing it.
- For the Dutch edition of the MoMo challenge, the project’s intervention is aimed at a developing country and contains the involvement of at least one Dutch organisation.
- For the Indonesian edition of the MoMo challenge, the project needs to take place in Indonesia.
The MoMo secretariat, consisting of experts from the Ministry of Foreign Affairs, IUCN NL and ECN, assesses the proposals and selects the best ideas for a discussion with financial experts that manage public or private funds in the Netherlands. See here the composition of this expert panel. All projects submitted will get feedback on the financial quality of the proposal and advice on how to to perfect it. The panel may also provide the necessary contacts and expertise that can help in the realisation of your idea.
Stage two: pitching the ideas in front of an audience of financiers
Once a year MoMo organises a public event that addresses private climate finance. The event brings stakeholders up to date on the latest international developments in climate finance and opportunities for privately financed initiatives. The best ideas selected by the panel are invited to pitch their proposal to a live audience and the MoMo Panel. The audience will be asked to contribute their insights on how to operationalise the projects and vote for the most promising proposal. Based on the vote and the jury, MoMo selects the two ideas that have the best potential to mobilise substantial private investments in the coming three years: both an adaptation and mitigation project. These projects will be supported in the finalisation and outreach of their ideas with a EUR 25.000 grant.
Stage three: moving to action
The MoMo secretariat and panel will actively promote the winning and other high potential ideas by matching them to existing national and international public-private instruments. The secretariat advises on potential funding sources, facilitates the introduction to potential financiers and promotes the proposals. The MoMo website will keep track of all proposals and their progress, and aims to be a reference for successful climate finance projects.
MoMo schedule 2017
|1st round of actions||Date|
|Deadline submission of proposal||15 April|
|Panel meeting||19 April|
|Proponents receive feedback on their proposals||28 April|
|2nd round of actions||Date|
|Deadline submission of updated and new proposals||15 June|
|Panel meeting||11 July|
|Proponents receive feedback on their proposals||21 July|
|3rd round of actions||Date|
|Deadline submission of updated and new proposals||1 October|
|Panel meeting||26 October|
|Proponents receive feedback on their proposals||3 November|
|MoMo Finals||November / December|