Peng Zhong, director of social innovation at Bayer Foundation, aims to foster “more than 20 innovations” through the first round of the fund. “We hope our philanthropic grants can catalyse additional capital from other public and private sectors.”
AVPN, the largest network of social investors in Asia, has launched the Climate x Health: Lighthouse for Asia Fund, supported by the Bayer Foundation.
The US$5 million ($6.72 million) fund, announced on Nov 18 at the Singapore Pavilion at COP29 in Baku, Azerbaijan, will provide selected non-profit organisations with up to US$200,000 each to address the impact of climate change on health, especially on vulnerable communities in the region.
