GroFin Iraq

The wait is over! After a thorough review of all proposals, we’re excited to unveil the winning proposals of the Orange Corners Innovation Fund (OCIF) subsidy round 3! These access to finance champions are ready to unlock money, money, money to support young entrepreneurs to turn big ideas into reality. 🌟

🌍 Bangladesh: SAJIDA Foundation and YY Ventures 💵
🌍 Mali: Zira Capital, ForthInvestment (Burkinabé) and Fair & Sustainable Consulting 💡
🌍 South Sudan: Foundation for Youth Initiative 🌞
🌍 Sudan: 249Startups and UCB 💼
🌍 Tunisia: Lab'ess 🏺
🌍 Burundi: Maison de l’entrepreneur (Adisco) ✨
🌍 Iraq proper: Iraq Venture Partners 🤝
🌍 Kurdistan Region of Iraq: GroFin Iraq 💵

Congratulations to all winners, and thank you to both our old and new partners for leading the charge in funding the next generation of entrepreneurs. Let’s make those ideas pay off! 🚀💡

Lanay Natural Products: A Journey of Resilience and Innovation

In Erbil, Iraq, Lanay Natural Products is setting new standards in the beauty industry. Founded by the trailblazing Kurdish entrepreneur Amez Abdullah, this youth-owned and female-led startup offers a wide range of natural cosmetics crafted from pure, renewable resources. Amez's unwavering dedication and innovative spirit shine through, overcoming challenges and driving Lanay towards a bright future.

Supported by GroFin and Orange Corners Erbil, Lanay is now producing 50,000 bottles of shampoo monthly, ensuring a steady supply of high-quality products.

To read the full story, follow the link here:

Lanay Natural Products: A Journey of Resilience and Innovation In the heart of Erbil, Iraq, a dynamic startup is making waves. Lanay Natural Products, a youth-owned enterprise, stands as a testament to the entrepreneurial spirit of its founder, Amez Abdullah. Amez is a Kurdish entrepreneur whose proactive approach to business has led her to establish one of the...

GroFin hosts OCIF Investment Facilitation workshop for Orange Corners Erbil startup entrepreneurs.

The GroFin Iraq team recently hosted Orange Corner startup entrepreneurs at a workshop to highlight OCIF’s investment processes that GroFin offers.

The audience had a chance to learn more about OCIF’s Track II and GroFin’s loan processes and the type of financing it can provide under the program.

Attendees also had the opportunity to interact with the team during a Q&A session.

Stay tuned for more updates on further implementation of OCIF!