Nahdet El Mahrousa and GIZ support 12 green scaleups with EGP 57.5 million
Egypt's Nahdet El Mahrousa and Germany's GIZ have marked the graduation of 12 green businesses from the GreenShift accelerator, which provided a combined EGP 57.5 million in investment to support their growth and production capacity. The graduation took place at the GreenShift Summit in Cairo on October 27, 2026. Implemented by Nahdet El Mahrousa in partnership with GIZ, and co-funded by the…
Egypt's Nahdet El Mahrousa and Germany's GIZ have celebrated the graduation of 12 green tech startups from their GreenShift accelerator program. The initiative, which provided a total of EGP 57.5 million in investment, supported the businesses in scaling their operations and commercializing sustainable solutions. The graduates hail from various sectors, including climate action, circular economy, recycling, sustainable materials, and waste management.
These include companies like TileGreen Tech, which converts plastic waste into building materials, and Mycelium, which uses mycelium to create mushroom-based packaging and construction materials. The program, implemented by Nahdet El Mahrousa and GIZ in partnership with the EU and German government, not only provided financial support but also training, equipment, and assistance with licensing and formalization procedures.
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