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. To be eligible for MoMo funding a project proposal should meet the following preconditions:
- The project is focused on the clean-tech, food, agro, or water sector.
- There are 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, NWP and ECN, assess the proposals and selects the best ideas for a discussion with financial experts that manage public or private funds. 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 perfect it. The panel may also provide the necessary contacts and expertise that can help in the realisation of your idea. Submitted project proposals are evaluated based on the following main criteria:
- The project holds the promise to mobilise substantial private investment in the next three years.
- The project has a clear, viable and innovative business case.
- The project has the potential for up-scaling.
- The project contributes to climate change mitigation and/or adaptation.
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 idea that has the best potential to mobilise substantial private investments in the coming three years. This could be a climate change adaptation or mitigation project. The project will be supported in the finalisation and outreach of the idea with an € 25.000 grant. One grand will be available for the Dutch edition of the MoMo challenge, and one grand for the Indonesian edition of the MoMo challenge.
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 - Dutch edition
|1st round of actions||Date|
|Deadline submission of proposal||15 April|
|Panel meeting||11 May|
|Proponents receive feedback on their proposals||1 June|
|2nd round of actions||Date|
|Deadline submission of updated and new proposals||1 August|
|Panel meeting||5 September|
|Proponents receive feedback on their proposals||29 September|
|3rd round of actions||Date|
|Deadline submission of updated and new proposals||17 September|
|Panel meeting||20 October|
|Proponents receive feedback on their proposals||25 October|
|Finals MoMo Netherlands at the Nationaal Sustainability Congres||9 November|
|4th round of actions (only for MoMo Indonesia)||Date|
|Deadline submission of updated and new proposals||15 November|
|Proponents receive feedback on their proposals||13 December|
|Finals MoMo Indonesia in Jakarta