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SUSTECH Bank

SUSTECH BANK

The Sustainable Technology Bank, also known as The SUSTECH Bank, is a key outcome of the SUSTECH mega cluster initiative. It aims to create a repository of commercially viable, late-stage technologies that have been pre-qualified for financial viability. This initiative addresses technology needs and problems while fostering technology-based entrepreneurship. The SUSTECH Bank will provide innovative, scalable, and bankable technology solutions in five key focus areas: Critical Infrastructure, Water, One Health, Food Security and Air. By bringing together these vetted solutions, the initiative aims to improve access to low-carbon technologies for member countries and vulnerable communities in the Global South. The initial target is to identify at least five bankable technologies and subsequently provide them to promote technology-based entrepreneurship across the Global South.

Sustainable Developing and Improving These Infrastructure/Assets

To address these challenges, the program will focus on:

How does It Work

Identification and Vetting: Picture a team of experts scouring the globe for late-stage technologies that are not only innovative but also financially viable. These technologies undergo a rigorous assessment to ensure they scale and make a significant impact.

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Repository Creation: Imagine a treasure trove of vetted technologies, compiled into a comprehensive repository. This repository is a goldmine for member countries and stakeholders, offering easy access to cutting-edge solutions.

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Providing Technology: The SUSTECH Bank acts as a bridge, delivering these identified technologies to governments and private sector entrepreneurs. This enables them to implement these solutions and transform their regions.

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Support and Training: A dedicated support team ready to assist with the successful implementation and integration of these technologies. This includes hands-on technical assistance, capacity building, and ongoing support to ensure everything runs smoothly.

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Monitoring and Evaluation: Continuous monitoring and evaluation are like the quality control of this initiative. They ensure the deployed technologies are effective and impactful, providing valuable feedback for future improvements.

Skyscrapers

Stakeholders and Partners 

  • International development organizations

  • Multilateral agencies

  • Development finance institutions

  • Investment funds

  • ality challenges.

  • Members:

  • Governments/public sector/organizations

  • Entrepreneurs/technology innvoators

  • Academic and Research Institutions

  • Institutions

  • Non-governmental organizations

  • Access to Innovative Technologies: Member countries and entrepreneurs will gain access to a repository of pre-qualified, bankable technologies that address critical infrastructure, water management, healthcare, food security and air needs.

  • Economic Development: By promoting technology-based entrepreneurship, the SUSTECH Bank will drive economic growth and create job opportunities in member countries.

  • Environmental Sustainability: The focus on low-carbon technologies will help reduce environmental impact and promote sustainable development practices.

  • Capacity Building: Training and support provided by the SUSTECH Bank will enhance the technical capabilities of governments and entrepreneurs, ensuring successful implementation and long-term sustainability.

  • Global Collaboration: The initiative will foster collaboration among governments, private sector, academia, NGOs, and international organizations, creating a global network dedicated to sustainable development.

  • Resilience and Adaptability: By addressing key focus areas, the SUSTECH Bank will enhance the resilience and adaptability of member countries to various challenges, including climate change, health crises, and resource scarcity.

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