First Asia-Pacific cohort launches four projects across the Philippines and Indonesia, which include providing forestry training for The Nature Conservancy Asia projects in Aotearoa New Zealand, and IndonesiaThe inaugural cohort in Terraformation’s Accelerator graduates to Phase 2, backed by $1.1M to develop into full-scale carbon projectsWAIMEA, Hawaii, November 09, 2023--(BUSINESS WIRE)--Terraformation, the global forestry company founded by former Reddit CEO Yishan Wong, announces the progression of its first cohort of the Seed to Carbon Forest Accelerator to Phase 2, enabling forestry teams to begin pilot projects and set up vital infrastructure, such as nurseries and seed banks. Terraformation’s Accelerator is the world’s first biodiversity-focused, carbon-funded program for forest creators across the globe, addressing the critical funding, tech, and skills gaps needed for biodiverse native restoration.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231109230487/en/Terraformation’s biodiversity-focused forest accelerator gains momentum as the first cohort scales its operations and two more cohorts confirmed (Photo: Business Wire)Having completed the first phase of the Accelerator, which included feasibility studies to assess a project’s potential to grow into a full-scale carbon project as well as training in business operations, biodiversity, carbon markets, and forestry, the teams have now received additional support to move into Phase 2 for a period of up to two years. During this phase, forestry teams are filing a Project Design Document (PDD) with carbon registries and preparing for forward carbon sales in addition to monitoring carbon data and social impact for their native forest restoration projects. Terraformation will work with the forestry teams to establish future revenue streams, such as high-quality verified carbon credits and other sustainable business models, as they move into the final phase of the Accelerator.Story continuesThe three projects progressing to Phase 2 of the Accelerator are:Seawater Solutions : This mangrove restoration project in Ghana will restore over 2,000 hectares of mangroves on degraded Ramsar wetland, reducing risks of flooding and soil erosion while providing sustainable livelihoods in regenerative aquaculture, agriculture, and apiculture. The project will deliver income to the landowners and benefits for local communities.Fundación Grupo Argos : The project works with small and medium-sized private landowners in Colombia to restore 1,150 hectares of tropical montane forests with a focus on biodiversity and carbon capture, develop agroforestry activities to improve the connectivity between existing forests, and upgrade local community watershed management.Eco2Librium: This project aims to restore 45 native species (including several that are rare, threatened and, endemic to the area) in the Kakamega Forest – one of the most biodiverse areas in East Africa and a rare remnant of the once extensive Guineo-Congolian rainforest belt

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In additional strategic hires across the business, Joshua Surridge joins Terraformation’s marketing and communications team from Natural Capital Exchange (NCX) as Head of Web and Digital Marketing.