Nahdet El Mahrousa and GIZ marked the graduation of 12 green businesses from the GreenShift accelerator. The event took place at the GreenShift Summit in Cairo on October 27, 2026. The program provided a combined EGP 57.5 million in investment to help these startups scale sustainable solutions.
Program results
GreenShift received 1,353 applications and trained 46 fellows through about 160 hours of training and consultations. It provided EGP 1.3 million in productive assets to 18 fellows. It also supported eight of the 12 funded businesses with licensing and formalization.
Participating startups
The 12 businesses work in climatetech, circular economy, recycling, sustainable materials, and waste management. They include TileGreen Tech, Tilestic, Green Cycle, EGYMAG Biotechnology, Extractor Co., Mycelium, Up-Fuse, ZEE, Yadawee, Mrkoon, PLANQ Electronics, and VeryNile. Founders credited the program with supporting factory setup and viable recycling business models.
Summit agenda
The summit gathered more than 150 industry leaders, policymakers, investors, and entrepreneurs. Panels covered investment readiness and what green businesses need to scale. Sector sessions examined sustainable materials in construction and bio-based alternatives in agriculture.
Representatives attended from the Ministry of Local Development and Environment, UNIDO, EBRD, Flat6Labs, and AUC Venture Lab. Nahdet El Mahrousa said public-private partnerships are central to Egypt's sustainability agenda. The program supports green enterprises at different stages of development and helps them scale their impact.