Fusteps R&D Labs is Creating New Value by Open Innovation and Collaboration Initiatives

FUSTEPS Labs

The Open Innovation hub of Fustpes

Our R&D covers a wide range of technical fields, from innovative communications services designed to be provided on a network, next-generation information network infrastructure technology that will make new services possible, to basic cutting-edge research producing new principles and products, such as world-class optical technologies.

FoCUS AREAS

Enterprise DataScience

 

how it works

As nations and businesses work to tackle both climate challenge and development goals, access to finance has emerged as a critical element. Private investors – often supported by public policy and finance – are already channeling significant amounts of money into the low-carbon economy in countries around the world, but much more investment is needed. This is particularly true for developing countries, which often face difficulties attracting private investment at the scale needed to reach their sustainable development and energy access goals.

The Lab network accelerates well-designed financial instruments that can unlock billions for energy efficiency, renewable energy, sustainable transport, climate smart agriculture, and curbing deforestation, while also reducing private investors’ risks and improving their financial returns. A public-private partnership, the Lab brings together and catalyzes broader government and private sector efforts to scale up climate finance.

1. Call for Ideas

Open call for innovative sustainable investment solutions


2. Selection

Lab Members select the most promising ideas.



3. Development

Selected ideas for India, Brazil, and Global Labs benefit from analysis, stress-testing, and guidance from experts and investors. Fire Awards finalists prepare business pitches.

4. Implementation

The ideas move into action, fundraising to launch pilots, with continued support from the Lab network.

Criteria

Successful ideas are selected by Lab Members and other experts based on the following criteria:

Actionable

Identifies (1) the type of entity(ies) that could implement it, (2) the pathway towards implementation, including the timeframe, activities, and key milestones, and (3) possible challenges to implementation and related management strategies.

Innovative

Demonstrates the ability to address, directly or indirectly, barriers to private climate finance that (1) have not yet been addressed or (2) that will be addressed more effectively compared to other instruments in the market.

Catalytic

Demonstrates potential to (1) mobilize private climate capital within a sizeable market, (2) be scaled up or replicated in other contexts and, (3) achieve socioeconomic, development, and environmental impacts.

Financially Sustainable

Identifies (1) a strategy to phase out public financial support, thereby achieving market viability and (2) possible challenges to achieving its intended objectives and related management strategies.