Investors meet Switchers in Palestine
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SwitchMed and PICTI, the Palestine Information and Communications Technology Incubator, organized the event by gathering six successful start-ups to pitch their green idea in front of Palestinians financial actors among whom the Bank of Palestine and Faten (a non-profit organization that provides micro- and small loans to economically-active entrepreneurs) stood out for their enthusiasm.
The event has been opened by a brief panel which explored how the local existing business ecosystem supports green start-ups to develop their entrepreneurial ideas and how public and private stakeholders could bridge the existing gap to access finance and investments.
At the panel, Mr. Zaghloul Samhan is highlighting the role of a national policy framework to create a conducive environment for Green Entrepreneurs
The odds at stake included the possibility to take part to the SwithMed Connect 2018 awarded by an ad-hoc jury composed by Mr. Zaghloul Samhan (Director General of Policies and Planning of the Palestinian Environmental Quality Authority), Mr. Marwan Tarazi (Director of the Center for Continuing Education at Birzeit University), Mr. Alessandro Miraglia (Project Manager at Regional Activity Center for Sustainable Consumption and Production), Ms. Hind Jarrar (Head of Public Relations and Marketing at Faten) and Ms. Shaker Safadi (Head of SMEs Department at the Bank of Palestine).
Each start-up pitched their idea using a 5-minutes presentation while the jury challenged the Palestinian entrepreneurs by enquiring as to their potential sustainability, markets and business plan. A green enterprise addressing social issues, a designer promoting sustainable and ethical production, an e-waste recycler are among those showcased in the event. A complete list can be downloaded here.
Nareman Zahde from Waste by Waste and Alessandro Miraglia from SCP/RAC
Waste by Waste, a women-led start-up working in the wastewater treatment of tanning industry attracted the jury’s interest for its eco-innovation potential. The enterprise uses stone industry by-products to treat wastewater and make it again available for the tanning process thus reducing chemicals and decreasing the amount of water used.
In a packed hall, in front of the Palestinian Authority Minister of Labour and the Minister of Telecommunications and Information Technology attending the Palestinian ExpoTech, Waste by Waste has been announced winner of the competition.