Spark+ is a funding and capacity building program to increase the pipeline of investment-ready companies which design, manufacture, and sell clean cooking solutions in developing countries around world.
Spark+ is a key priority in the Alliance’s mission to stimulate investment in the sector given its focused, yet flexible, approach. It is designed to build the pipeline of investment-ready companies in the clean cooking sector through operational-, strategic- and investment-related advisory support, where appropriate, targeted grant-funded initiatives. Spark+ evolves from the Spark Fund, one of the Alliance’s largest and most successful investment-focused programs which, over the past four years, supported 15 enterprises with ~$4 million in catalytic grants, leveraged by $15 million of follow-on investment capital.
Spark+ targets a limited number of business models with potential for financial sustainability and scalability, and management teams capable of driving and managing business growth. It integrates lessons learned from the Alliance’s experience delivering tailored enterprise support, and renews its targeted focus on businesses with the ability to attract private sector co-financing in order to sustainably deliver innovative clean and efficient cooking solutions at scale.