Three Nigerian Firms Among 28 On UNDP’s Bankable SDGs List.
Three firms from Nigeria are among the 28 that are shortlisted from 237 nominations for the bankable Sustainable Development Goals (SDGs) ventures.
They are ColdHubs which is in Waste Management sector while the remaining two-OneWattSolar-GoSolar and Powerstove, are in the Energy sector.
The three, alongside the remaining 25 from other parts of the world will be connected to prospective swiss investors and institutional partners to upscale their works for meaningful impact under the Growth Stage Impact Ventures (GSIV) initiated by the United Nations Development Programme (UNDP).
The shortlisted firms are from 16 countries and represent top 13 percent most innovative and investment-ready ventures that are transforming access to health, energy and waste management in developing countries.
They were selected under the GSIV for SDGs which is an initiative of the United Nations Development Programme ( UNDP ) which partners include, École polytechnique fédérale de Lausanne (the EPFL), Orange, a Telecommunications firm , and an Enterprise Application System, SAP.
The initiative is aimed at identifying and showcasing midcap impact ventures in developing countries with the catalytic potential to drive both large impact and yield sustainable profit.
“Through our partnership with EPFL, SAP and Orange, and with the support from a myriad of actors from the private sector, the UN and the broader development community, we were able to set up a pipeline of 237 companies with solid business models and impact track records from across the world”, noted the UNDP.
” The top 28 shortlisted companies demonstrate that there is a strong business case for the SDGs. We’re looking forward to connecting them to Swiss investors and institutional partners to increase their scale and impact.”, noted UNDP SDG Finance Geneva Summit manager, Sarah Bel.
Out of the 28 shortlisted companies, 50 per cent are women-led and 75 per cent employ between 11 and 100 people ,whe 18 per cent have more than 100 employees. Other countries include : Mexico ; 2,Ghana ;1, India ;6 ,Guatemala ; 1 ,Kenya ;1 ,Palestine; Ivory Ghost ; 1,Peru ; 1, China ; 1, ,Columbia ; 3 ,Argentina ; 1 ,Benin ; 1 ,Sierra Leone ; 1 , Brazil; 1,South Africa ; 1
The GSIV selection takes place within the framework of the UNDP SDG Finance Geneva Summit. The broader objective of the summit is to promote SDG aligned investments, showcasing emerging market examples of businesses that do well by doing good. By bringing together the unique ecosystem of development professionals, investors, development finance institutions, academia and entrepreneurs, UNDP aims to catalyze a shift of capital from mainstream finance to impact investing with a focus on addressing the SDGs.
The shortlisted enterprises will be reviewed by technical experts, investors and UN officials to select the top 12 finalists that will be announced in January. The 12 finalists will be invited to pitch their products and services at the SDG Finance Geneva Summit 2021 that is scheduled to hold in May 2021 and will get the support to access strategic partners to scale up their ventures.
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