Original disclosure @ IFC website
Updated in EWS Apr 6, 2021
Disclosed by Bank Feb 25, 2021
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The project entails an IFC equity commitment of up to US$20 million in The Engine Fund II, L.P. (the “Fund”). The Fund is seeking to make venture capital investments in Tough Tech companies seeking to bring breakthrough scientific discoveries and technologies to market, focused on solving global challenges around climate, human health, and advanced systems.
The main Project outcomes are: i) improved access to new or better quality products and services for customers/businesses in emerging markets through deep tech solutions; (ii) fostering access to deep tech solutions in emerging markets; (iii) support of market-disrupting digital business models that will substantially change market structure in emerging markets.
The Engine Accelerator, Inc.
Massachusetts 02139, USA
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