The Global Manufacturing and Industrialisation Summit (GMIS) announced the launch of the Climate Action Initiative, in collaboration with UAE-based venture capital firm, VentureSouq, to catalyse early-stage funding for Climate-tech startups.
The announcement was made at the GMIS Special Event held at the UAE Pavilion within the Blue Zone of COP28 to lead talks to decarbonise industries and advance climate action.
The Climate Action Initiative aims to create an ecosystem that fosters innovation, delivering sustainable impact at scale. UNIDO will play a crucial role in identifying overarching global challenges while the Global Manufacturing and Industrialisation Summit will invite start-ups from around the world to find innovative and sustainable solutions to these challenges.
In collaboration with incubators and accelerators, the Summit will provide mentorship and support to the most promising innovators, while Venture Souq will aid in the development, scaling and deployment of these solutions. Furthermore, the UAE Ministry of Industry and Advanced Technology and the UNIDO International Technology and Promotion Offices will help commercialise and deploy these solutions where they are needed most.
Also published on Medium.
