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PepsiCo has selected eight startups from the Middle East and North Africa region as finalists in its Mega Green Accelerator program, which aims to " nurture the next generation of innovators as they develop solutions to address both regional and global sustainability challenges," per a press release.
The eight companiestwo from Saudi Arabia, three from Egypt, two from Lebanon, and one from Tunisiaare focused on either advancing the circular economy, transitioning to clean energy, or mitigating climate change through technologies to improve water use and agricultural processes.
They'll receive funding, mentorship, and market access over the next six months.
The winning company will receive $30,000 at the end of the program to continue its expansion.
"With solutions spanning agriculture, water, and the energy sectors, this is an opportunity for us to accelerate the development of practical climate technologies crucial to address the MENA region's challenges and strengthen our position as a testbed for climate innovation globally," says Eugene Willemsen, CEO of PepsiCo and International Beverages.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: San Diego Foundation
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Prospect Capital Corporation and Refuel Agency have joined forces to make a significant philanthropic impact on the veteran community.Refuel is a top media and marketing firm specializing in...more
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Foundation: San Francisco Foundation
The Oakland Ballet's groundbreaking production, Angel Island Project, is a breathtaking 90-minute performance that transforms a painful chapter of American history into a moving tribute to resilience...more
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Foundation: Charlotte Community Foundation
The Isles Yacht Club donated more than $22,000 to support the Culinary Arts Program at Charlotte Technical College.The donation marks the culmination of a three-year partnership, with the...more
Social Entrepreneurship
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New UK Research Body to Drive Progress in Social Investment
The government-backed Social Investment Research Council is newly formed to hatch practical insights into social investment market products, and the investors needed to finance them.
