With a $100,000 prize purse, the challenge seeks digital tools that make nature intelligence accessible and actionable for SMEs everywhere. Funded by the Government of Germany’s International Climate Initiative (IKI) and run by Conservation X Labs, in partnership with the Taskforce on Nature-related Financial Disclosures (TNFD) and the United Nations Development Programme (UNDP), visit nature-intelligence.org to learn more and apply by Dec 15.
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To drive success and growth, businesses of every size around the globe depend on and interact with nature – for natural resources like water and productive soils, ecosystem services like pollination, or as exposure to risks like flooding or wildfires. Business resilience relies on nature’s resilience, yet nature is deteriorating globally and biodiversity is declining faster than at any time in human history. Every business should aim to better manage its interactions with nature - for the well-being of the planet, but also as a winning business strategy.
Nature intelligence—actionable insights on business interactions with nature —is critical to building resilient supply chains and supporting nature-positive economies. The number of companies tapping nature intelligence is growing, but there's a critical gap: small and medium-sized enterprises (SMEs). SMEs are the backbone of global supply chains; they represent 90% of businesses and more than 50% of employment worldwide. Yet SMEs lack critical expertise, infrastructure, and capacity to leverage nature intelligence to benefit their business.
The Nature Intelligence for Business Grand Challenge exists to change that, incentivizing solutions that enable businesses, regardless of their size or location, to access and employ nature intelligence and become part of the solution. This challenge seeks audacious yet practical innovations that empower SMEs to overcome critical resource, knowledge, infrastructure, and capacity constraints to effectively identify and assess their nature-related issues consistent with the TNFD LEAP approach