EBRD joins forces with other MDBs to support start-ups

March 22, 2023
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The European Bank for Reconstruction and Development (EBRD) has hosted the first event of the Alliance for Entrepreneurship in Africa in Cairo to deepen cooperation between key policymakers and players in the start-up space and to support start-ups in North Africa.

Six start-ups supported by the Bank’s Star Venture programme in MoroccoTunisia and Egypt presented their innovative business ideas to representatives of five venture-capital firms and development agencies, who evaluated their investment potential.

From artificial intelligence-driven ultrasound technology to an atmospheric water generator, these start-ups are at the forefront of innovation, sustainability and impact across North Africa.

The event opened with remarks by Heike Harmgart, EBRD Managing Director for the southern and eastern Mediterranean (SEMED) region, and Sérgio Pimenta, Vice President for Africa at the International Finance Cooperation (IFC), marking an important step in the EBRD and IFC’s collaboration in the Alliance.

It was followed by a roundtable discussions that focused on three main thematic areas in start-up development: policy, financing and advisory support. Participants explored topics from how to improve the supportive ecosystem and regulatory environment for early-stage companies on the continent, including access to seed finance and to how to support start-ups’ adoption of green technologies.

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Countries covered:

  • Egypt
  • Morocco
  • Tunisia