The EIB also supports innovative investment funds that are tackling adaptation challenges. A new fund called CRAFT, the Climate Resilience and Adaptation Finance & Technology Transfer Facility, is developing new technologies and specialised services to help developing countries address droughts, bad weather, disease, wind and solar energy. The European Investment Bank invested $30 million in CRAFT and also deployed €5 million via the Luxembourg-EIB Climate Finance Platform as risk capital that catalyses more money by drawing in private investors.