Banque Misr has celebrated the conclusion of the inaugural cycle of its green business accelerator, “TEQDAR Go Green,” with nine startups graduating from the program. The closing event was attended by senior bank executives and representatives from the United Nations Industrial Development Organization (UNIDO) and Chemonics Egypt.
Championing Green Innovation
The accelerator’s first cohort featured nine startups selected from over 100 applicants, all operating within Egypt’s green technology sector. The finalists presented solutions in fields including recycling, renewable energy, resource and energy efficiency, and waste-to-energy conversion. The program is designed to accelerate the growth of high-potential green companies and provide them with advanced technologies to scale their impact.
Strategic Partnerships for a Green Economy
The “TEQDAR Go Green” accelerator was launched in collaboration with UNIDO as part of the “Inclusive Green Growth in Egypt” project, which is funded by the Swiss government. Chemonics Egypt provided technical support for the program, creating a powerful partnership aimed at fostering a sustainable and green economic landscape in line with Egypt’s Vision 2030.
Commitment to Sustainable Investment
As part of its commitment to fostering innovation, Banque Misr announced its intention to invest in a selection of the graduating startups. The investments will be made through “Misr for Innovation and Entrepreneurship without Borders,” the bank’s specialized investment arm dedicated to supporting emerging companies and promoting a culture of sustainability.
About TEQDAR Go Green
TEQDAR Go Green is an initiative by Banque Misr created to identify, support, and accelerate the growth of startups in Egypt’s green economy. The program aims to equip environmentally-focused entrepreneurs with the necessary tools, technical support, and investment opportunities to contribute to the nation’s sustainable development goals.
Source: Eltaameer
