Accelerator development and Fintech support Programme

Location:

Regional

TCRS Number:

12930

Business sector:

Financial institutions

Notice type:

Public

Status:

Approved

PSD disclosed:

04 Mar 2020

Project Description

This project contributes to the creation of a pre-venture capital Financial Technology (Fintech)  ecosystem in  selected EBRD countries of operations by providing support to Fintech startups via selected accelerators with geographic focus on the Baltics, Central and Eastern Europe, the Caucasus and Turkey.

EBRD is partnering with two established accelerators and provides them with a technical cooperation grant (the “Grant”). The Grant, in a total amount of EUR 643,870, will support acceleration programmes and knowledge sharing via trainings and capacity building events as well as assist early-stage companies which are focused on developing transformative financial technological solutions. The Grant will allow the accelerators to create EBRD cohorts of Fintech startups, for which EBRD will also provide dedicated mentoring.

In addition, the Grant will allow for a study tour for selected startups and local regulators to Taipei China.

 

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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