Accelerating green startups

Published on February 2, 2023

The ClimAccelerator programme intended to promote environmentally friendly startups will be held for the first time in Egypt to help develop green entrepreneurial business models in a shorter period, it was announced this week.

The three-month programme is organised by EIT Climate-KIC, a European knowledge and innovation community cofounded by the European Union, in collaboration with Youthink Green, a social enterprise that aims at fostering sustainable development among diverse communities, and the Abu Dhabi Commercial Bank (ADCB).

ClimAccelerator Egypt will include training, mentoring, knowledge-sharing, and market-investor linkages designed to build viable business plans, boost climate impacts, and help secure grants to implement green entrepreneurial projects, Ola El-Houfy, project lead at Youthink Green Egypt, said.

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Source: Al Ahram Egypt, Ahmed Kotb.