Changelabs launches green accelerator in Egypt

  • Date: 15-Apr-2021
  • Source: Wamda
  • Sector:Technology
  • Country:Egypt
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Changelabs launches green accelerator in Egypt

Impact-centered accelerator Changelabs, one of the top 10 accelerators in the Middle East, announced today the launch of its leading “Scale Up To Green” accelerator targeting top Egyptian resource efficiency, green energy, and agritech companies. The program is being launched in partnership with the Green for Growth Fund (GGF), which is a Euro 600m+ investment fund, supported by the European Union under its EU4Energy initiative. The fund channels financing toward initiatives that expand renewable energy, increase energy efficiency, and reduce the use of natural resources.

The program will also count Amazon Web Services (AWS), and MINT by EGBank as partners. This accelerator will offer SMEs and scale ups unparalleled access to the resources they need to scale, acquire more customers, build the right long-term partnerships, and raise additional rounds of funding.