Vertechx, an Egyptian startup supported by the Remote Sensing and Space Sciences Business Incubator, has made waves on the global stage by securing second place in the prestigious Climate Launchpad 2024 competition.
The Climate Launchpad, one of the world’s largest competitions focused on climate action, recognizes innovative solutions that address pressing environmental challenges. Vertechx, a product of the incubator’s second cycle, has benefited from specialized guidance and logistical support, propelling it to international prominence.
Dr. Ghada Khadry, Director of the Remote Sensing Incubator, emphasized the significance of this achievement, highlighting the incubator’s role in nurturing innovative startups and empowering them to compete on a global scale.
Minister of Higher Education and Scientific Research Ayman Ashour underscored the importance of fostering entrepreneurship and scientific research to drive economic and social development. By supporting initiatives like Vertechx, Egypt is demonstrating its commitment to sustainable development and climate action.
The Green Climate Fund (GCF) has further bolstered Egypt’s green ambitions by approving funding for three significant greening initiatives totaling $2.687 billion. This investment underscores the country’s potential to become a global leader in sustainable development.
Vertechx’s success at the Climate Launchpad 2024 competition is a testament to Egypt’s growing innovation ecosystem and its ability to produce world-class solutions to address climate change. As the country continues to invest in research and development, we can expect to see more groundbreaking innovations emerge from the Egyptian startup scene.
