Egyptian agri-tech startup Baramoda has won the contest for an equity-free cash prize at the conclusion of the third programme run by social impact accelerator C3.
The third edition of the C3 Social Impact Accelerator Programme – powered by HSBC – concluded last week, with Baramoda taking first place, followed by The Zola Collective from the United Arab Emirates in second place, and EduPloyment from the United Arab Emirates in third place.
The winners secured equity-free cash prizes courtesy of HSBC, pro bono consulting support from Bain & Co, and pro bono legal support from Al Tamimi & Company, as well as a complimentary license to the DMCC.
The winners will also receive promotional credits from Amazon Web Services (AWS) as part of the AWS Activate program, as well as assistance from FH Insights, a corporate training firm that will assist companies in aligning their company values with their mission.
“I couldn’t be prouder of how the programme has evolved year on year. Scaling up these social businesses also means scaling their impact, which means we are able to begin tackling some of the most critical issues in our communities. Collaboration and partnerships across all sectors are key if we want to create long-term solutions for the region, by the region, which is why we value our partnership with C3,” said Sabrin Rahman, HSBC’s managing director and head of sustainability EMEA.