IFC Partners with The Engine to Tackle Global Development Challenges with Tough Tech

To help identify and scale innovative tech solutions for today’s most pressing global challenges across emerging markets, IFC is partnering with The Engine, the venture capital firm founded by the Massachusetts Institute of Technology (MIT). IFC will invest $20 million in The Engine Fund II, which will support Tough Tech companies (also known as Deep Tech), a category of startups that aim to develop and commercialize complex scientific or engineering discoveries that can solve the world’s most challenging problems such as in human health, energy access, and climate change.

Read the full release here.