Innovations in Financing NYC 2013: Crowdfunding Models




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Published on Mar 19, 2014

Innovations in Financing Small Scale Clean Energy, a full-day workshop organized by Arc Finance in conjunction with USAID and the Sustainable Energy for All Energy Access Practitioner Network, brought together a range of stakeholders to discuss the innovations in financing now being deployed in the small-scale, clean energy space. These sessions were made possible with generous support from USAID.

Moderator: Chris Neidl (Arc Finance); Panelists: Duquesne Fednard (D&E Green Enterprises, Haiti), Ryan Levinson (SunFunder, US), Ajaita Shah (Frontier Markets, India), Sourabh Sharma (Milaap, India/Singapore).

Panel Description: Crowdfunding - the practice of raising multiple small sums of money from a large number of sources, typically over the internet - has rapidly emerged as an important means by which entrepreneurs, artists and other change-makers can gather financial support and increase exposure for new ventures and projects. Over the past three years, crowdfunding has increasingly been deployed in the energy access space to fund new businesses, support institutions and finance clean energy purchases by energy poor households and enterprises around the globe. In this moderated discussion, four energy access entrepreneurs operating in Africa, Asia and the Caribbean provide specific accounts of various ways in which crowdfunding can be wielded to realize innovation and high impact, and offer insights into the advantages and challenges that go along with using this mechanism.

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