Egypt Ventures Launches New Strategy to Address UN’s Sustainable Development Goals

Egypt Ventures, an investment firm established in 2017 and seeded by Egypt’s Ministry of Investment and International cooperation, has just announced their new strategy which will focus their investments into startups that can help the country achieve the UN’s Sustainable Development Goals.

Chairman of Egypt Ventures, Dr. Shehab Marzban, announced the firm’s new move to impact investing, ensuring its key role as a catalyst for socioeconomic development to develop the entrepreneurship ecosystem, attract private investments and create jobs resulting in economic growth and social capital creation.

To date, Egypt Ventures has invested in over 100 startups including success stories such as Halan, PayNas and Wasla, as well as incubators and accelorators such as Falak Startups and Flat6Labs. Impressively, Egypt Ventures has a massive 8:1 ROI meaning for every EGP 1 million they’ve invested, they’ve seen returns of EGP 8 million.

In September 2015, the UN’s General Assembly adopted the 2030 Agenda for Sustainable Development that includes 17 Sustainable Development Goals (SDGs). Building on the principle of “leaving no one behind”, the new Agenda emphasizes a holistic approach to achieving sustainable development for all. The SDGs are as follows:

GOAL 1: No Poverty

GOAL 2: Zero Hunger

GOAL 3: Good Health and Well-being

GOAL 4: Quality Education

GOAL 5: Gender Equality

GOAL 6: Clean Water and Sanitation

GOAL 7: Affordable and Clean Energy

GOAL 8: Decent Work and Economic Growth

GOAL 9: Industry, Innovation and Infrastructure

GOAL 10: Reduced Inequality

GOAL 11: Sustainable Cities and Communities

GOAL 12: Responsible Consumption and Production

GOAL 13: Climate Action

GOAL 14: Life Below Water

GOAL 15: Life on Land

GOAL 16: Peace and Justice Strong Institutions

GOAL 17: Partnerships to achieve the Goal