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.
Stakeholders and Partners
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International development organizations
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Multilateral agencies
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Development finance institutions
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Investment funds
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ality challenges.
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Members:
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Governments/public sector/organizations
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Entrepreneurs/technology innvoators
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Academic and Research Institutions
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Institutions
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Non-governmental organizations
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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.
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Economic Development: By promoting technology-based entrepreneurship, the SUSTECH Bank will drive economic growth and create job opportunities in member countries.
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Environmental Sustainability: The focus on low-carbon technologies will help reduce environmental impact and promote sustainable development practices.
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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.
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Global Collaboration: The initiative will foster collaboration among governments, private sector, academia, NGOs, and international organizations, creating a global network dedicated to sustainable development.
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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.