STAND Up!: 10 fashion entrepreneurs selected to develop their financial literacy skills in Egypt

June 1, 2022
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ENI CBC Med Programme

STAND Up! has selected 10 textile and fashion start-ups to join the access to finance in Egypt. After the call for applications that was closed on 15 April 2022 SEKEM Sustainable Development, which is the Egyptian partner of the project, selected a group of entrepreneurs to develop their financial literacy skills, get knowledge on how to raise funds and get chances to meet with local and regional investors to potentially secure funding opportunities.

The selected entrepreneurs will participate in a 10-days-long training that will focus on building the financial projections of their start-ups, understanding readiness, trends and opportunities in the investment landscape. The training program in Egypt will be followed by two events organised in the country to provide investment feedback to the entrepreneurs and receive local and regional exposure with potential investors.

The initiatives selected work on different materials such as the organic cotton, dyed textiles free of chemicals or sustainable leather. Final products can be bags, jackets, jeans or dresses, including ideas which focuses on digital marketing and technology, as for instance online marketplaces. The problems they try to face is the pollution of non-degradable dyes, the waste of leftovers from manufacturing factories or the lack of empowerment from female workers in Egypt.

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Countries covered:

  • Egypt