The Enterprise Development Fund – Green targets innovators in sustainable development and those that are contributing to climate adaptation and resilience in Iraq. EDF-Green builds on lessons learned from the EDF-agriculture, started in 2021, such as small-scale irrigation infrastructure that is not yet common in Iraq, and from EDF-renewables, a pilot run by IOM in 2019, which identified opportunities to encourage uptake and use of renewable energy technologies.
EDF-Green also works with start-up companies, given the lack of venture capital available for early-stage companies in Iraq, and where possible work with other incubation programs, CSOs, and private sector development organizations to provide additional investment readiness programming for granted businesses. IOM can apply some of the lessons learned working with start-ups from its current ongoing programming with the tech sector, female-owned, and Cultural and Creative Industry businesses.
Types of businesses that the EDF-green may target include: