IFC and Snowman Open Call for Cold Chain Innovators For Climate-Smart Solutions In India
The global challenge seeks to address one of the biggest issues in the energy transition. Cooling and transportation of goods at lower environmental impact.
IFC and Snowman Logistics, one of India’s largest cold-chain logistics companies, have launched a global open call for innovators to bring sustainable temperature-controlled logistics (TCL) solutions to the growing Indian market, as part of IFC’s award-winning TechEmerge Program.
The TechEmerge Sustainable Cooling Innovation Program is funded by the UK Government’s International Climate Finance. With a total pool of up to $500,000 in grant funding, it offers competitively selected innovators the opportunity to partner with Snowman to pilot new technologies, services, and business models that improve the efficiency, affordability, and help curb greenhouse gas emissions in the Indian TCL sector.
Jan Thompson, British Deputy High Commissioner to India said, “As we approach COP26, I am delighted to see innovative solutions receiving support from the UK-funded Sustainable Cooling Innovation Program. Developing sustainable cold chains – whether for agricultural products or life-saving vaccines – is vital for low carbon development in line with the Paris Agreement. As strong supporters of the Kigali Amendment, I’m pleased that the UK is working in partnership with IFC and India’s private sector to adopt solutions that reduce emissions and energy consumption, provide business opportunities, and save money for customers”.
“Snowman has a longstanding commitment to deliver the most efficient and economical cold-chain solutions in India,” said Snowman’s Director, Ishaan Gupta. “Teaming up with innovators worldwide is a win-win proposition that will lower our energy consumption and greenhouse gas emissions, create value for our customers, and ensure the sustainability of our business moving forward as we continue to expand our network. We are grateful to IFC for including us in their TechEmerge Program.”
“Gaps and inefficiencies in cold chains pose a major challenge in India and across the globe— contributing to food waste and vaccine spoilage, and driving up costs for consumers, producers, and businesses,” said Vikram Kumar, New Business Manager, Infrastructure and Natural Resources, Asia Pacific at IFC. “Innovations in cold chain logistics offer one of the most cost-effective ways to address this critical issue, while strengthening India’s fast-growing cold-chain sector, and reducing the high energy usage and environmental impacts of conventional cooling technologies.”
IFC and independent cooling advisors will evaluate innovations for refrigerated warehousing, space conditioning for packaging and sorting, inter and intra-city mobile cooling solutions for pharmaceuticals and other temperature-sensitive goods, IoT-enabled asset management, and more.
Applications can be submitted at TechEmerge Sustainable Cooling Innovation Temperature-Controlled Logistics India through September 24, 2021.
Shortlisted candidates will be invited to meet with Snowman to discuss potential pilots to be conducted in India. The ultimate goal is to scale innovative solutions for the cold chain logistics sector in South Asia and beyond.
In addition to grant funding, the TechEmerge Program provides advisory support throughout field testing to help innovators mitigate financial and operational risks, reduce adoption risks for local firms like Snowman, and facilitate market-entry and tech transfer.
Its programs have helped to raise hundreds of millions of dollars in financing and investment, supported private sector growth in key sectors, and scaled disruptive solutions that are expected to benefit millions of people each year while addressing some of the world’s most pressing development challenges.