Tech-Startups (IFC-602290)

  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 23, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 25, 2017

Disclosed by Bank Jul 17, 2017

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Project Description
At the request of the UK-FCO and IFC's client - IFC will be managing the delivery of a technical assistance program to be implemented by the client's Development Program Management Unit. This Program includes a detailed Scope of Work that is designed to help develop the early stage ecosystem in the country of operations. The Scope of Work comprises the following three main components: Component A - Technical Assistance to pipeline start-ups and client's investees of which companies deemed to have high potential for social impact may be considered for direct assistance via a grant allocation to help kick-start or boost operations during its growth phase. Component B - Technical Assistance delivery to startups aimed at helping refine their business ideas and where applicable, their performance as measured by the incremental customer acquisition and increased revenues. Component C - Advocacy efforts (and a media outreach campaign) directed at raising public awareness and ultimately, securing at least 1 policy reform that enables increased entrepreneurship in country of operations.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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