Nairobi, Kenya; 1 November 2013-
The United Nations Office for South-South Cooperation (UNOSSC) mobilized a delegation of 154 private sector entities and 488 NGOs/IGOs to the 2013 Global South-South Development (GSSD) Expo in Nairobi, Kenya through its flagship project the South-South Global Assets and Technology Exchange (SS-GATE). UNOSSC organized a series of sessions and events designed to support the scaling-up and/or replication of Southern solutions and innovations.
As a result of SS-GATE facilitation, 16 MOUs were signed on-site between companies, investors, and other private sector entities. The total amount of financial pledges made between parties as a result of these signings was approximately $450 million. Further, 41 companies were successfully matched and held business negotiations and 148 companies listed their projects on the SS-GATE web-platform. SS-GATE will conduct follow-up operations to ensure that the parties that were matched during the Expo are provided the services needed to finalize their deals, thereby scaling-up their operations.
The facilitation of business negotiations was a central feature of the SS-GATE matchmaking space which was a new service offered by the GSSD Expo to its participants this year. Leveraging the services of the SS-GATE system, the GSSD Expo looks to not only showcase solutions but to scale-up and replicate technology-based solutions through the matching of needs and offers as it relates to finance, partnerships and technologies that are based primarily in the Global South.