ADCB sponsors the first business accelerator in the field of clean technology and climate change in Egypt

Listen to this article

As a part of its sustainability strategy, Abu Dhabi Commercial Bank announced the sponsorship of ClimAccelerator, the first business accelerator of its kind in the field of clean technology and climate change in Egypt, launched by youthinkgreen Egypt – EIT Climate-KIC affiliated to ClimAccelerator Egypt, which is the European knowledge and innovation community that’s Co-founded by the European Union. The accelerator was announced at a ceremony attended by the European Union Ambassador Christian Berger, representatives of youthinkgreen Egypt, Abu Dhabi Commercial Bank, the Central Bank of Egypt, and a number of entrepreneurs and investors.

The bank’s participation comes within the framework of the sustainability strategy endorsed by Abu Dhabi Commercial Bank Group and the bank’s commitment in Egypt to support the fulfilment of the National Climate Change Strategy 2050 and interest in appropriate partnerships to accelerate efforts towards a carbon-free environment and support entrepreneurial projects & innovative solutions in environmentally friendly fields and in issues vital to society.

This program is unique in empowering entrepreneurs with diverse opportunities to expand the cleantech and climate change technology market. The program aims to turn clean technology startups into successful businesses to create rapid impacts and unlock a zero-emission and resilient future for all.

The program includes training, mentoring, knowledge exchange and market-investor linkages designed to build viable business plans in the field of clean technology and promote applicable solutions that affect climate change, as well as help in securing grants and investments to implement green entrepreneurship projects, including clean technology such as solar energy, wind energy, biomass and environmentally friendly products. Requirements also include being an innovator with at least two years in operation.

The program provides the opportunity for selected entrepreneurs to be part of weekly training camps that will provide them with the latest tools to use in their core business through sessions that will be presented by experts from around the world to exchange ideas, learn, and experience in running a successful clean tech business.