EBRD launches Green Star Venture programme in Jordan
March 30, 2022
The European Bank for Reconstruction and Development (EBRD) has launched a new programme – Green Star Venture – aimed at enhancing the competitiveness and sustainable growth of Jordanian small and medium-sized enterprises (SMEs) and start-ups, contributing to the green transformation in the country and the wider southern and eastern Mediterranean region.
Jordan is the first economy in the EBRD regions to pilot the programme. Four enterprises were selected from Jordan’s start-up scene to join Green Star Venture, following a rigorous selection process. The companies come from a broad range of sectors, including robotics, hydroponic farming technology, artificial intelligence and sustainable cosmetics.
Green Star Venture, an extension of the EBRD’s existing Star Venture programme, mobilises international experts, mentors and local advisers to work with selected start-ups to improve their performance and long-term sustainability. The young companies will also benefit from access to technical assistance, mentoring and advice on financing mechanisms to help them enter international markets and grow, contributing to the global climate change mitigation and adaptation efforts.