With 3 months completed of the 4th round of the CFA Incubator, the 16 teams are well underway in refining their strategies and business plans. Many thanks to our great partners, mentors, experts, and coaches.
Common Themes Across Projects and their Progress
Focus broad ideas into minimum viable products.
Testing assumptions through customer discovery and stakeholder interviews.
Exploring philanthropic versus investor-focused funding.
Developing stronger investment cases.
Learning from one another's finance mechanisms, especially around endowments, blended finance, nature credits, and outcome-based finance.
Shared Cohort Learning
Many teams asked the cohort for advice on similar issues, including:
Making conservation finance attractive to corporations, resorts and tourism sector partners.
Identifying outcome buyers.
Managing demand risk in new environmental markets.
Designing sustainable endowment structures.
Structuring blended finance vehicles.
Stay tuned for upcoming announcements on this cohort! The CFA Incubator is financed by Milkywire's Nature Transformation Fund with support from Klarna.
Posted: July 7, 2026