Welcome to the FiCS Lab
FiCS Lab Incubator: Cycle 2 Call for Submissions Opens September 8

FiCS Lab Incubator: Cycle 2 Call for Submissions Opens September 8
The FiCS Lab invites interested public development banks and their development partners to apply for Cycle 2 of the FiCS Lab Incubator. The Call for Proposals will run from September 8 to December 5, 2025.
The Incubator is looking for proposals on financial instruments that target climate finance in emerging markets and developing economies, and that demonstrate innovation, actionability, and catalytic potential.
Interested applicants are encouraged to review the FiCS Lab Incubator Guidelines linked below, which covers eligibility requirements, evaluation criteria, information on financial and technical support, and Incubator timeline. A PDF of the application is also available for reference. The application will be open for submissions on September 8.
Interested applicants are invites to attend the FiCS Lab Incubator Cycle 2 Webinar on September 17 from 9:00-10:00 AM US Eastern Time, which will cover key aspects of the Incubator proposals and answer questions from interested applicants. Please register through this link.
Interested applicants also can find answers to frequently asked questions in the FiCS Lab FAQs, and are encouraged to reach out to the FiCS Lab Secretariat at ficslab@cpiglobal.org with any questions and to request a meeting with the team to discuss specific questions and/or concerns.
The application deadline for Cycle 2 is December 5, 2025 at 11:59 PM US Pacific Time.
WHAT IS THE FICS LAB?

WHAT IS THE FICS LAB?
The mission of the FiCS Lab is to foster innovation and collaboration among PDBs in accelerating climate finance efforts, particularly in emerging markets and developing economies.
To achieve this, the FiCS Lab focuses on three pillars:
- Pillar 1: Sharing and advancing knowledge and best practices on financial innovation gaps, initiatives, and implementation. This will be achieved by producing issues briefs, blogs, and disseminating knowledge products.
- Pillar 2: Facilitating structured dialogues to standardize or harmonize approaches by creating m workstreams, workplans and any relevant governance arrangements.
- Pillar 3: Supporting incubation of specific financial innovations in institutions that are ready to act but need technical and/or financial support.
FICS LAB WORKING GROUPS

FICS LAB WORKING GROUPS
FiCS Lab Working Groups provide a dedicated, PDB-led space for knowledge sharing and policy dialogue. Meeting virtually once a month, working groups hear insights from external experts, share their lessons learned, and develop guiding materials for the FiCS membership. Working groups for 2025 will cover:
To join a working group, please fill out this form or contact the FiCS Lab at FiCSLab@cpiglobal.org