The National Bank and Flow Accelerator announced the renewal of their partnership agreement under “Orange Corners,” a program supported by the Government of the Netherlands, to support Palestinian youth entrepreneurship and contribute to developing innovative technology solutions across various Palestinian economic sectors, with a focus on financial technology (FinTech).
The agreement was signed during the graduation ceremony of the eighth cohort of entrepreneurs benefiting from the program, comprising 12 startup projects that were developed and incubated over the year to become ready for investment and market launch. This brings the total number of projects developed during the current year to 28.
Reem Anani, Public Relations Manager at TNB, said the renewal reflects the Bank’s continued commitment to supporting the technology and entrepreneurship sector in Palestine, particularly in FinTech. She noted that this partnership empowers young entrepreneurs and enhances their ability to develop their projects and access markets, which positively contributes to job creation and supports sustainable economic development in Palestine.
For her part, Majd Khalifeh, CEO and Co-Founder of Flow Accelerator, stated that the partnership is the culmination of a long path of ongoing cooperation between the two institutions, building on accumulated successes over past years through multiple interventions and programs, especially within Orange Corners. She noted that TNB contributed to the program’s success through both financial and in-kind support, including specialized sessions, ideation activities, and the production of specialized knowledge content. She added that the partnership model has been developed and refined to serve as a best-practice example of integration between the entrepreneurship ecosystem and the private sector, aiming to narrow the gap between them and strengthen each party’s role in supporting innovation and entrepreneurship on sustainable foundations.
In addition to financial support for the program, TNB provided a range of non-financial services to entrepreneurs, including mentoring, advisory support in building financial models and KPIs, delivering specialized workshops on financial and banking awareness, and participating in judging and evaluation committees for entrepreneurs’ projects and ideas.
