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A dozen growth-stage ventures are improving access to quality healthcare, clean energy and waste management in developing countries, according to the United Nations Development Programme (UNDP).
The UNDP, along with partners École Polytechnique fédérale de Lausanne (EPFL), telecoms giant Orange and technology firm SAP, selected the 12 finalists for the Growth-Stage Impact Ventures (GSIV) for Sustainable Development Goals initiative.
The initiative aims to identify and showcase mid-cap impact ventures in developing countries with the catalytic potential to drive large impact and yield sustainable profit, the UN agency said in a statement.
The 12 finalists represent $48 million in investment opportunities, impact the lives of 1.24m people in need and serve 22,300 businesses, Alessandra Rojas, sustainable entrepreneurship manager at EPFL Tech4Impact, said.