GIMED: 8 start-ups in Egypt will benefit from a 7,500€ grant to consolidate their business models

August 31, 2022
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A total of 11 start-ups (5 ideation stage and 6 early stage ventures) joined two different pitching events to compete for grants of up to 7,500€ to help them implement new strategies, create new products and services or export their products to reach new markets. Hosted by Alexandria Business Association, the Egyptian partner behind GIMED, the events took place on 25 and 27 July.

From these participants, the grants were finally awarded to 4 ideation stage ventures (Neobloq, NoorNation, Farawla Tech, Aklak Taza) and 4 early stage ventures (Taqatak, Karma Poultry, Nabolia Tech, KIWA). As per the green start-ups, there were different initiatives in fields such as renewable energy and energy efficiency, plastic waste, sustainable construction, sustainable farming and sustainable food and agriculture.

Launched under the ENI-CBC Med ProgrammeEU-funded GIMED’s main goal is to support entrepreneurs, particularly young and women, to better access to finance and markets in 5 Mediterranean countries: Spain, Lebanon, Palestine, Tunisia, Egypt and Italy. On the ground, the project will train and coach eco-innovators and encourage financiers to invest in the Mediterranean eco-innovation sector.

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Countries covered:

  • Egypt