The National Bank (TNB) and business accelerator Flow have announced the renewal of their partnership agreement within the “Orange Corners” program. This collaboration, supported by the Dutch government, aims to foster Palestinian youth entrepreneurship and advance the development of innovative technology solutions, with a strategic focus on the financial technology (FinTech) sector.
The renewal was formalized during the graduation ceremony for the program’s eighth cohort, which saw 12 new entrepreneurial projects developed and incubated. This brings the total number of startups supported by the program this year to 28, all now prepared for investment and market entry.
A Commitment to FinTech and Youth
Reem Anani, Director of Public Relations at The National Bank, emphasized the bank’s dedication to Palestine’s technology and entrepreneurship landscape.
“Renewing the agreement reflects The National Bank’s ongoing commitment to supporting the technology and entrepreneurship sector in Palestine, particularly in the field of financial technology,” said Anani. “This partnership contributes to empowering young entrepreneurs and enhancing their ability to develop their projects and access markets, positively impacting the creation of new job opportunities and supporting sustainable economic development in Palestine.”
Bridging the Ecosystem Gap
The partnership represents a significant step in integrating the private sector with the burgeoning startup ecosystem. Majd Khalifa, Executive Director and Co-founder of Flow, highlighted the long-standing and successful cooperation between the two institutions.
“This partnership is the culmination of a long path of continuous cooperation between the two institutions, following the accumulated successes achieved over the past years,” Khalifa stated. She noted that TNB’s financial and in-kind contributions, including specialized sessions and knowledge content, were crucial to the program’s success.
Khalifa added, “The model of this partnership has been developed and improved to serve as a model to be emulated in integrating the entrepreneurship ecosystem and the private sector, aiming to bridge the existing gap between them.”
Beyond Financial Support
The National Bank’s involvement extends beyond direct funding. The institution provides a comprehensive range of non-financial services designed to equip entrepreneurs with essential business acumen.
These services include mentorship, consulting on financial models and key performance indicators, and specialized workshops on financial and banking awareness. Additionally, TNB representatives actively participate in jury and evaluation committees, offering expert feedback on the entrepreneurs’ projects and ideas.
About The National Bank
The National Bank (TNB) is a leading Palestinian bank committed to providing comprehensive banking services and supporting economic development in Palestine. The bank actively invests in corporate social responsibility initiatives, with a focus on fostering innovation and entrepreneurship.
About Flow
Flow is a Palestinian business accelerator and innovation hub dedicated to empowering entrepreneurs and startups. It provides a range of services including incubation, mentorship, and access to networks, helping early-stage companies develop their ideas and scale their businesses for market success.
Source: SadaNews
