Dubai, UAE : Four startups tackling some of the MENA region’s most pressing sustainability challenges were selected to each receive $20,000 in funding as part of Sustainability MENA 2021, a three-month investment readiness program run by Village Capital with support from the International Finance Corporation (IFC).
The four startups, Anda Burada, International Protein, Shadana Yoga, and SunBox, were selected by a group of peer entrepreneurs at the end of the virtual venture development program, which supported 20 startups with training, as well as access to industry experts, mentors, investors and ecosystem networks to scale their ventures.
“Over the past three months, we’ve seen the 20 startups engaged in this program transform in concrete and tangible ways,” said Alicia Sornson, Manager of Programs & Partnerships in MENA at Village Capital. “This is a testament to the need for further investment in the sector, looking beyond profit to develop sustainable enterprise models that improve the resilience of people and planet.”
The 20 entrepreneurs in the program evaluated each other through an investor lens, using eight specific investment criteria that leverage Village Capital’s Abaca Pathway, a framework that enables entrepreneurs to evaluate and better structure their ventures for investment. This process identified Anda Burada, International Protein, Shadana Yoga, and SunBox as “most investment ready.”
The four companies are focused on the following:
The remaining companies in the two Sustainability MENA 2021 cohorts were:
The participants were selected with guidance from the Sustainability MENA Advisory Board and the program was executed with local partners Impact Hub Istanbul and the STEP Group.
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