The results of the second round of Climate Ready have been filtering through. It looks as though less than 10% of companies that applied got funded, and no total amount has yet been announced.
This is a big difference from the first round, which had a 65% success rate and gave away $27.7m of the $75m budget allocation, as described in this article.
Such a low success rate could point to tightening government spending, higher average project funding, poor quality candidates, or a very large number of candidates (or a combination of all of these). It may or may not reveal a flaw in rounds based grant programs.
We'll keep you posted on Climate Ready news as it comes to hand.
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