Climate Market Accelerator (CMA)
Established by the Climate-KIC at the beginning of 2012, CMA funds projects which engage innovation buyers and help develop new markets for climate solutions. CMA projects focus on identifying, shaping and creating demand for new products and services.
Two objectives are at the core of the CMA programme and its project portfolio:
- to create simple mechanisms to accelerate engagement with innovation buyers, with the aim of ‘pulling through’ new climate innovations.
- to provide demand-side input and demand-side recipients for Climate-KIC activities from all three pillars - Education, Entrepreneurship and Innovation.
The CMA programme’s overall delivery objectives are achieved by funding projects that address innovation market barriers in specific sectoral or geographical areas. Each project is expected to deploy one or more of a range of demand-led innovation support measures, with the aim of engaging with innovation buyers with explicit innovation needs in a variety of climate adaptation and mitigation areas.
The impacts of CMA projects are measured through a range of core Climate-KIC KPIs:
- services and products launched
- new start-ups enabled
- policies and standards co-developed
- knowledge transfer agreements
In addition, CMA projects are targeted to secure a range of key deliverables including:
- demonstrators of products and services
- network facilitation (consultations with Climate-KIC experts sought from innovation buyers)
- investment influencing (new solution providers introduced to innovation buyers).
From the outset, the intention of the CMA programme has been to capture and assess the learning from the projects it funds so that demand-led innovation measures can be diffused and mainstreamed across other Climate-KIC initiatives. This toolkit is the first phase of achieving this objective and is designed to be updated as the CMA programme evolves.