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12 Best Sites to Buy Twitter Followers (Cheap & Instant)

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Most people find the task of successful promotion for themselves a challenge. Fortunately, the task is made more accessible by using paid signals that can work to one’s advantage on the platform’s algorithms. It includes the choice to buy Twitter followers to build social proof and accelerate the process of growing one’s reach.

If you are hesitant about buying Twitter followers, you are not alone. Many fail to achieve desired goals despite investing significantly in such purchases as they fall short of choosing services that sell genuine social signals. The market is teeming with social media marketing companies that promise organic growth and audience gain. How do we know where to place our faith and hard-earned bucks? Fortunately, 12 authentic sites to turn to if you wish to increase your trustworthiness and authority.

ServicePackage advantagesScore
SocialBossDelivery time range: 1-2 daysNatural followers deliveryHigh-Quality Followers24/7 client support system100% risk-free transaction processCheapest package $0.99/10 Twitter followers      98%
Social UpDelivery time range: about 2 daysOrganic and gradual followers deliveryHigh-Quality FollowersCheapest package $2.89/50 Twitter followers    95%
TweetboostDelivery time range: 1-2 days;Cheapest package $3.99/100 followers87%
  1. SocialBoss

Do you require targeted followers for your social media growth? SocialBoss is a site you can safely trust for all your online wishes. They sell social signals for nearly all social media platforms operational today. It is a nice place to get professional assistance and active fans. For enhanced online expansion, consider their range of Twitter engagement in addition to their active followers’ packages. No matter your budget, you will likely find something that suits the promotional requirements for your Twitter account here. In addition to fast delivery of premium quality followers, the site promises a 24/7 client support system and a hundred percent risk-free transaction process. These are all necessary must-haves when you are scouting for a safe organic Twitter growth service. Going by the positive reviews left by real users of the services, we can tell that this is one of the best sites around. Clients buy Twitter followers here to grow their reach and attract target audience members organically. Currently, SocialBoss does not allow free followers trials. Consider purchasing a smaller package for your Twitter handle if you want to check how an investment in their services might affect your Twitter presence. We bet you are sure to see real followers flocking to your Twitter account soon!

Salient features:

  • Most minor package size/pricing: 10 Twitter followers for $0.99;
  • Delivery time range: 1-2 days;
  • Demographic range of followers delivered: * 40% European or American, * 40% Arab or Asian, * 20% business/corporate accounts;
  • Payment options: Visa, MasterCard, Maestro, Apple Pay, Google Play and some cryptocurrencies;
  • Try before you buy option: None.
  1.  SocialsUp

Another secure and risk-free social media marketing agency out there is SocialsUp.net. The decision to purchase followers is a breeze as the packages clearly state what is on offer. Choose an authentic followers package that can bring your Twitter account more traffic and engagement. If your follower count increases with no correlated growth in Twitter activity, chances are your delivery is filled with fake followers. Thankfully, you are less likely to run into such an issue if you buy Twitter followers from here. The terms and conditions for a money-back guarantee or refill are clearly laid out. The site recognizes that different payment options require additional throughput and speed and the delivery time for packages takes this into account.

SocialsUp.net fulfills deliveries of larger orders using a slow drip method. Furthermore, the followers delivered have a predetermined demographic composition which ensures you are getting real accounts of a global nature added to your account.

With a reputation for providing non-drop deliveries, and an excellent customer support system, this company is worth consideration as you research the market for options.

Salient features:

  • Cheapest package size/pricing:50 Twitter followers for $2.89;
  • Delivery time range: about 2 days;
  • Demographic range of followers delivered: * mainly split equally between European or American, and Arab or Asian accounts, with 20% being business/corporate accounts;
  • Payment options: credit/debit Visa, Maestro and MasterCard, Apple Pay & Google Pay;
  • Try before you buy option: None.
  1. Tweetboost

Tweetboost provides pocket-friendly organic follower packages for boosting social proof. Buying real Twitter followers is risk-free and secure. In a market that is full of scammers, this site reaffirms its genuineness by providing a physical office address on its official webpage footer. Tweetboost provides authentic bot-free followers to the assigned Twitter profile using a slow-drip method for filling every order, including its smallest package. It means your Twitter profile should reflect an increase of current Twitter followers and not just vanity metrics. The site explicitly states that each of its packages has non-drop deliveries, and they have a clear refund/refill policy in case of a delivery not meeting the standards claimed. It is doubtful that your order here would be mixed with fake followers with so many rules laid out. Customer reviews about the services of Tweetboost are by and largely positive, making this one of the best sites to shop to buy cheap Twitter followers from.

Salient features:

  • Smallest package size/pricing: 100 Twitter followers for $3.99;
  • Delivery time range: 1-2 days;
  • Demographic range of fans delivered: The site mentions “worldwide” without a specific breakdown. You can, however, contact customer support to learn about the follower demographic of your particular order;
  • Payment options: VISA, MasterCard, American Express, Discover. Apple/Google Pay;
  • Try before you buy option: None.
  1. Viplikes

A US-based internet service provider with competitive packages for most social media platforms, VIPLikes is also your go-to website if you are looking to purchase from a place where you can keep track of what has been exactly delivered and when. Figuring out a plan fit for social media growth on multiple social media networks may be daunting. VIPlikes is one of the few sellers that team their packages with video tutorials on making a purchase.

You can create bundles to benefit your Twitter profile alongside other social media accounts. You can consider other engagement packages as you buy active Twitter followers here. A pop-up chat option gives you onsite customer support as you go through their website, creating your combos. You can read through the website to understand the way VIPLikes tailors and customizes the packages ordered per client needs. They may be able to provide a targeted followers package subject to country/demographic availability! All their Twitter followers packages come with a guaranteed international spread of authentic premium quality followers. They do not guarantee that the Twitter users added to your follower count would engage with your tweets. The company partners with the 2Checkout payment platform for payment processing to provide a secure transaction experience to each client.

Salient features:

  • Most minor package size/pricing: 50 Twitter Followers for $4.99;
  • Delivery time range: 3-5 days;
  • Demographic range of followers delivered: Choose from a choice of international spread or specific geolocation. Currently, the site offers exclusive follower packages from Arab, French, Italian, Russian, and Spanish Countries, besides targeted Twitter followers from India, the UK, Japan, Germany, Canada, Australia, and Turkey;
  • Payment options: All major Credit/ Debit cards, PayPal, Bitcoins, Ethereum;
  • Try before you buy option: None.
  1. Appsally

Among the more versatile websites, AppSally tops our list for delivery transparency systems. It is one of the best sites to invest your dollars in if you want a smooth purchasing experience combined with the ability to track the delivery of your chosen package. As a buyer, you will have access to a dashboard system that you can use to check the drip delivery of high-quality Twitter followers on your Twitter account. The site has a 15-day refund/ refill policy while most other companies offer a 30-day warranty period, tempting many Twitter users to keep this website as a second option. However, the package details are a real crowd-puller. For, not only do they promise genuine Twitter followers, they guarantee active followers.

Moreover, reliable 24/7 customer support does its best to make you feel secure and hassle-free. The company ties up with SocialBlade to verify all claims of drop followers to ensure no client is left dissatisfied with their purchasing experience. As the site mentions, they do not aim to be the cheapest seller around, and instead, they have their eyes on being one of the best sites for quality products. Yet, when you compare them with other social media growth services, you will agree this might just be the site to use for enhancing your Twitter profile. This commendable site promises real engagement and followers at affordable rates and is worth a try.

Salient features:

  • Smallest package size/pricing: 200 fans for $20;
  • Delivery time range: 4 days onwards;
  • Demographic range of followers delivered: No commitment on a specific geo-target division although states clearly that the package will have worldwide followers;
  • Payment options: Paypal, Bitcoin, AppSally wallet, credit card, Bitcoin, Payoneer, Skrill, wire transfer, and ACH;
  • Try before you buy option: None.
  1. Freewaysocial

Another name to reckon with among organic Twitter growth services in the market today is Freewaysocial. Find more followers for your Twitter account by choosing their services for your social media sites. Returning clients attest that they have been given high-quality followers each time they have shopped here for targeted followers. So, it is safe to say if you buy Twitter followers here, you are unlikely to receive fake followers. Twitter users can also browse through a variety of engagement packages as well as social media enhancers for their accounts on other social media networks. No sensitive details of your page or bank get compromised if you choose to buy Twitter followers (real and active) here. The secure payment gateways make acquiring high-quality followers from here for any of your social media platforms a breeze. This company, too, qualifies on our list, therefore among the popular providers for placing an order.

Salient features:

  • Smallest package size/pricing: 500 fans @ $14.99;
  • Delivery time range: Unspecified, reach a client support for your choice of package;
  • Demographic range of followers delivered: Unspecified;
  • Payment options: Major credit/ debit cards, PayPal;
  • Try before you buy option: None.
  1. Viralyft

Virallyft is a customer favorite for best quality followers. The site offers a range of affordable packages for most networks, most of which promises completed delivery within 1-3 days. The site has friendly and approachable customer support, so do not hesitate to reach out for any questions or if you need assistance during the easy customer-friendly purchasing process.

Viralyft also offers social signals and follower packages for many other social media platforms. Regardless of which social media network you shop for, you have the assurance of receiving an active and real increase in followers. No matter what package you purchase, your handle will receive organic followers in a drip fashion that is sure to further enhance your engagement and reach. The site does not ask for any sensitive personal information during placement of an order. Payment gateways of the site have a security assurance, and every purchase has a guaranteed refill/refund policy. The site has a 24/7 support operative should you need any assistance at any given time. What’s more, it also offers live tracking of your delivery using a unique order code that gets generated for you when the payment transaction is processed.

Salient features:

  • Smallest package size/pricing: 100 followers for $3.99;
  • Delivery time range: 1-3 days;
  • Demographic range of followers delivered: Global;
  • Payment options: All major credit and debit cards;
  • Try before you buy option: None.
  1. Socialwick

Another service company that may help you improve your social media engagement is SocialWick. The company website claims that they provide genuine followers who bring real-time engagement and enable your account to find real likes, retweets, and followers. By providing comprehensive services for most major social sites, this is another place you could stop by to build your brand presence across platforms. Their Twitter packages promise quality followers. Like most trusted sites, they only need a Twitter account URL and the buyer’s email to process a sale. Besides, they accept Bitcoins and PayPal payments in addition to the significant maestro, visa credit, and debit cards. Most Twitter follower packages have a fast delivery or money-back guarantee on them too.  

Salient features:

  • Smallest package size/pricing: 20 fans for $0.46;
  • Delivery time range: 24 hrs.;
  • Demographic range of followers delivered: not- specified;
  • Payment options: All major credit and debit cards, visa gift cards, PayPal, and Bitcoin;
  • Try before you buy option: none for Twitter, but you can try out Instagram engagement if you have an Instagram account.
  1. Social-viral

SocialViral has recently caught the market’s attention for its variety of offered services. Another all-inclusive stop for social growth, you can shop here with the confidence of using a secure site. Customer ratings indicate that the services sold here are of premium quality, and we have no reason to suspect their Twitter packages are any different.

Salient features:

  • Smallest package size/pricing: 50 social signals for $2.99;
  • Delivery time range: up to 12 hours;
  • Demographic range of followers delivered: unspecified;
  • Payment options: Apple Pay, Cryptocurrency, all major credit/debit cards;
  • Try before you buy option: None.
  1. Mediamister

Media Mister has earned a reputation for itself for high-quality services over the years. In addition to Twitter, the site also caters to other social platforms, including Facebook, Instagram, YouTube, and even LinkedIn. Another industry giant with years of experience behind it, consider Media Mister for quickening the pace of your social media growth at affordable rates. The site offers real followers and combination packages, so you have several options to choose from. It is one of the few sites where you can even buy poll votes and impressions from.

Moreover, you have a unique choice of ordering fans based anywhere globally, or you can opt for a concentrated geo-location-based follower package. With super-responsive customer support in place, Media Mister is one of the best sites to shop from out there. They provide drip delivery of larger packages to ensure account safety. They also have a clearly stated policy regarding money-back guarantees and package refills.

Salient features:

  • Smallest package size/pricing: 50 fans for $4.00;
  • Delivery time range: 1-3 days;
  • Demographic range of followers delivered: Choice of followers from Worldwide, USA, South Africa, Nigeria & Ghana or Arab countries;
  • Payment options: PayPal, credit cards, American Express, Bitcoin, and Ethereum;
  • Try before you buy option: None.
  1. Mr. Insta

Gain social signals quickly, effectively, and reliable by ordering from Mr. Insta. It is one of the well-known websites around for speedy signal shopping for many platforms and is often used by Instagrammers. With real and active followers added to your account, you are likely to witness an increase in the momentum of your Twitter growth very soon. Mr. Insta promises that the high-quality Twitter followers purchased from here will also add engagement to your handle. As for the ordering process, Mr. Insta uses a secure, risk-free portal. Moreover, the site gives you the option to make a recurring purchase or a one-time purchase. You are sure to reach your target audience if you team an excellent content marketing strategy with your decision to purchase Twitter followers here. We would go a step further and say this to be true for any purchase you make here for your other social media networks.

Salient features:

  • Smallest package size/pricing: 250 social signals for $15;
  • Delivery time range: approx. 72 hours;
  • Demographic range of followers delivered: Yes, you specify certain niche areas when you create a member id. Followers will be targets in these pools;
  • Payment options: Visa, Maestro, MasterCard, Bitcoins, and some gift Visa cards;
  • Try before you buy option: Several trial packages for Instagram if you have an IG account as well.
  1. Fastlikes.io

Fastlikes.io is popular among those who use paid services to improve their Instagram presence. The site has some great packages of worldwide followers for boosting presence too. Check out its offers on targeted Twitter followers. You could also combine your orders for the two social media platforms for synchronized growth on both. Most packages have organic service options, so if you are looking for real and active followers, you will indeed find a suitable package here. The site promises organic followers who will bring daily engagement to your Tweets. If you are looking to stay clear of websites selling fake accounts, browse the packages on this site to see if you want to try any on your Twitter handle.

Salient features:

  • Smallest package size/pricing: 100 fans for $2.99;
  • Delivery time range: 10-60 mins;
  • Demographic range of fans delivered: Global, no specific demarcation of niche, location, or any other targeted feature;
  • Payment options: PayPal, credit or debit cards;
  • Try before you buy option: None.

What Should You Remember When You Buy Twitter Followers?

So now that you have a basic familiarity with some of the social media marketing leaders, how do you go about figuring which one is the best fit for your Twitter marketing needs? Keeping the following will help you fine-tune your research further:

Your Budget

It is not enough to want cheap Twitter followers; you must have a clear idea of what you can afford to spend on purchasing Twitter followers alone. Create a spreadsheet to demarcate your expectations and the expenditure associated alongside. Think of what you want to spend on:

  • Twitter content creation.
  • Twitter ads.
  • Other forms of Twitter engagement.

Your Micro-Goals

Some providers have a specified paid audience to gain demographics in place. Ask yourself, even if the rise in your numbers comprises genuine Twitter followers, would gaining worldwide fans benefit your Twitter account better, or would you rather have the addition of active users from a more localized and concentrated target audience pool.

Consider here:

  • The nature of your business.
  • The real conversions of Twitter growth you have in mind.
  • The time frame you have set for achieving the micro-goals you have in place.

Terms and Conditions of Twitter

Every social media platform has laid down dos and don’ts. Read the fine print to cross-check if the services provided by the platform you have narrowed down on violates any of Twitter’s rules and regulations. For instance, while the social media site does not deter its active users from purchasing paid signals, it does have clauses against the use of fake followers and bot engagement. Ensure that you have placed your orders from an organic Twitter growth service.

Terms and Conditions Governing Social Media Use in Your Country

Every country has its cyber laws and social media usage policies. Check if purchasing Twitter followers is in alignment with your country’s rules and regulations. In most cases, investing in legit Twitter followers is acceptable. However, to keep your Twitter account safe and your social media presence untarnished, make sure you are familiar with all by-laws and are up-to-date with any changes in them.

Background Check of the Company You Have Zeroed in on

This is a no-brainer. Know the company you are placing your money on through and through. A genuine company will have:

  • Positive reviews and feedback on pages other than the company’s website.
  • Have clients buy Twitter followers in repeat orders.
  • Have clearly laid out money-back guarantee and refill policies in place. They would even have a verification system to ensure that the real followers dropped are a part of the delivery in question before carrying out a refill process.
  • Clearly mention which Twitter follower packages comprise of real followers and which don’t.
  • Clearly mention if the package provides active followers who will engage and contribute towards organic Twitter growth.
  • Have quick and responsive customer support. They may even provide live chat support.
  • Never ask for any sensitive personal information like passwords. In most cases, the Twitter username or account URL where the delivery is desired is all they ask for. At most, you may be required to provide an email address for further communication.
  • Have a secure payment gateway.

What Else Should You Keep in Mind Regarding Buying Twitter Followers

So, now that you have a quick round-up of some of the best sites to buy Twitter followers for your Twitter account for and general know-how on the dos and don’ts while selecting a service to enhance your presence, what else should you be looking at? Below are some of the most asked questions regarding paying for more Twitter followers.

All said and done, how genuine are the accounts delivered by Twitter marketing websites that claim to sell real Twitter followers?

This is a crucial aspect you need to verify before placing your trust in the products offered by any social media service company. The best sites aim to give Twitter users a stepping stool to widen their influence. Hence, a quality Twitter growth service will only add real followers to your Twitter account. Most genuine sellers will let you know where they source the real accounts from demographically. Premium sellers will mention clearly on their package if it consists of high-quality Twitter followers. Some of the best sites also give you the option to tailor your package to your target audience. When in doubt about the delivery, check what customers have to say and direct your queries to the site’s customer-care before making a purchase.

Will having paid followers on my Twitter account affect my social media marketing campaign?

Well, this would also depend on where you decided to buy Twitter followers from. The best sites aim to increase your ability to attract more fans from your target audience pool. Many Twitter users make the mistake of not researching enough before making a purchase. When you buy active Twitter followers, keep your long term goals in mind. If you buy genuine and active followers, you do not risk your account or brand image. Many service providers also provide added Twitter engagement packages that can be used alongside the followers’ packages to improve engagement rate on your handle and grow visibility. However, if you are buying bot packages which deliver fake accounts to your fan count, you will lose both social proof and credibility. Hence it is extremely important to check the provider you are buying followers from.

What are the odds of being flagged for dubious Twitter account activity if I buy Twitter followers?

Again, this is dependent on which Twitter marketing service you choose to buy Twitter followers from. If you have a delivery of fake accounts onto your follower count, you will likely land your profile in trouble in the long run. However, high-quality professionals from the best sites will not deliver efficiently discoverable bots or fake followers as they stand to lose business as much as you lose face on Twitter. When you buy Twitter followers cheap, ensure that you are buying from a trusted place to deliver high-quality Twitter followers. Rest assured that if you have invested in an organic Twitter growth service, your account is safe. Keep in mind that a genuine seller will not ask for any personal data apart from a username that the services need to be delivered at. At most, you will be providing an email for further communication. Avoid getting flagged by consciously choosing to buy real Twitter followers even if the prices for the same may be slightly higher than other packages.

What else can I do to gain real Twitter growth?

Purchasing Twitter followers alone cannot significantly improve Twitter presence. So how do you get your increased followers to stay active? The answer to this lies in understanding how many followers do you need to operate actively on your Twitter handle at any given time. Ideally, you would want all accounts following you to be active and interactive with your profile. However, often the engagement rates on your tweets remain low even when you gain real Twitter followers. What you need to do is integrate your social signals purchases into your overall marketing strategy. Be consistent in your Twitter approach, interact with other users and be courteous when communicating. Build a brand persona that your target audience can connect to. In other words, maintain a dynamic and foolproof marketing strategy that will boost your account organically. Some things you can do towards this include:

  • Research the online behavior of your target audience and schedule tweets in sync with their most active online period.
  • Continue to create high-quality content that will genuinely attract your target audience.
  • Cross-promote yourself on other social media sites.
  • Make use of Twitter ads to gain more followers.
  • Develop a brand persona that is liked by Twitter users who belong to your target audience pool.
  • Learn from others in your niche and work towards bettering your Twitter strategy.

When a website says I can buy Twitter followers cheap, does it usually sell packages at list price, or will I encounter hidden costs?

The best sites in the industry will be clear about what their products cost. They will mention any taxes or surcharges, if any, when you buy Twitter followers. So, if you are buying Twitter followers from a quality service provider, you will not be billed for unforeseen expenses. If you have doubts about the pricing of the packages, double-check with the company. They should be able to clarify any questions you have promptly.

On the other hand, packages that deliver fake followers have high dropouts, and you may have to buy more followers after the refill guarantee period is over. Hence buy Twitter followers from a site you trust to avoid such delayed extra costs.

In Conclusion

If you have zeroed in on the right social media marketing services, you have already set on the right path in improving your Twitter growth. Legit Twitter followers will enhance your account irrespective of whether they joined your fan base naturally or you paid for them. You can choose to buy Twitter followers cheap or go for a higher range package. Remember, what seems cheap at first glance may end up being more expensive in the long run if you have not also planned other aspects of your Twitter strategy well. Consider marketing websites that add premium followers to your account to avoid flagging fake account activities. Ensure you have read all the fine print before making a purchase.

Most importantly, be alert to any red flags you notice about websites where you can buy followers. There is no one-size-fits-all solution to building a Twitter presence. Before you will have a chance to attract followers, rising your numbers, you should try different social media strategies. Hence, conduct a research on the sites that most appeal to your budget and marketing needs and choose your followers package. Ideally choose a package that adds active targeted followers using a slow drip method. Watch your Twitter account begin to gain traffic and engagement as your follower count increases.

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How Smart Investing can be a Significant Strategy for Traders

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Despite being one of the biggest sources of passive income, the forex market is still unexplored by many. The main reason is the risk involved. Traders, especially those with little experience, fear losing money because its an unpredictable and uncertain industry. However, the truth is that with smart investing strategies, you can save yourself from losses.

Strategies have always been an essential part of forex trading. Beginners are also advised to go through reviews, strategies, and recommendations from experts. For those who are just getting started, here are some of the strategies that can help in trading and smart investing.

Understand About Trading Styles and Your Goals:

When you decide to set out on a trading journey, the very first thing is to get a clear goal in your mind about the methods you are going to use. Each trading style has a separate risk profile attached to it. Therefore, the right decision is essential to have a successful trading journey.

Maintaining a slow pace

The best key to a successful trading career is consistency. Indeed, all traders have lost money, but if you have a positive edge, you can be at the top in no time. The best way to gain success is to educate yourself and create a trading plan for the future. Sticking to the plan and working on it is what you need to focus on.

Exploring new trading plans

Yes, consistency is important but never be afraid to reevaluate your trading plan if things are not working. The more your experience grows, the better your needs might change. Your plan must reflect your goal. In case your financial situation changes, you need to work with a new plan.

Checking your emotions

Keeping your emotions under control is what you need to look forward to. Never let your emotions do the talking for you. Remember, ‘revenge trading’ rarely ends on a positive note. If you lose a trade, don’t go all in and invest everything in it. Rather, try to stick to your initial plan and maintain the loss over time.

Knowing the market

The exact importance of educating yourself on the Forex market is essential. Try to understand every trend the trade has to follow and take time to study it all. You also need to know what exactly affects the capital before you risk it. This is a future investment that you are focusing on for positive revenue in returns.

Acknowledging your limits

The exact limit that you are willing to risk needs to be acknowledged before using it. The money invested in trade can never be returned after investment. This is why you need to set boundaries for yourself before actually using the capital. Never risk more capital than you can afford.

Knowing where to stop

Try to act upon the orders by maintaining a stop and limit-based order. The last thing you need to do is actually sit back and analyze the market every time. Trailing stops are very useful as it helps to specify the movement of the market in the future. In this case, if you place contingent orders, it will not limit your risks for loss.

Choosing the right trading partner

The right selection of the trading partner is as important as choosing the base capital. The right partner can help you create an influence over proper execution, pricing, and customer satisfaction. Take time to decide the partner and select it according to your need.

Bottom line

The above-detailed steps will help you to be a successful trader and help you towards success. But, remember, trading is an art, and the only way to ace it is by discipline and practice.

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Global ICT Excellence Awards rated highly Moscow for the startups ecosystem development

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The Government of Moscow won the second place among state structures in the International contest Global ICT Excellence Awards in the Startup Ecosystem nomination. The award is given to organizations that have implemented the most successful startup support projects. The Malaysian Digital Economy Corporation (MDEC) won the first place. The winners were announced at the 25th World Congress of Information Technologies WCIT.

The jury of the award highly appreciated the Moscow Government programs for technology entrepreneurship. In particular, the experts rated the activities of the Moscow Innovation Cluster (MIC) aimed at transforming startups into a full-scale innovative business.

The cluster has combined all the main elements of the urban ecosystem for innovators. With its help, they can find partners and investors, organize production, establish cooperation with large companies, industrial, educational and scientific organizations.

Within the MIC framework, 11 intersectoral clusters specializing in developments of artificial intelligence, medicines, motor sports and other fields have been created. More than 10 thousand specialists from different fields participate in these projects alone.

More than 30 thousand organizations from Moscow and 80 more regions of Russia have already joined the Moscow Innovation Cluster. The cluster is supervised by the Moscow Department of Entrepreneurship and Innovative Development, and the City Department of Information Technology is responsible for its digital capabilities.

The programs of the Moscow Innovation Agency were also highly appreciated by the jury. Among them is the Moscow Accelerator project for scaling innovative solutions in promising batches in partnership with leading corporations. In two years, 13 thematic tracks were organized, for participation in which more than 4.8 thousand applications were received. Another major project is a pilot innovation testing program intended for testing ready-made technological products in urban environment. More than 140 sites in 18 branches are available for piloting. At the moment, 110 tests have been completed, 41 more are in the process of testing.

The Global ICT Excellence Awards have been awarded for more than 20 years for the best innovative solutions in the private and public sector aimed at developing information and communication technologies and improving the quality of people’s lives. Its founder is the World Information Technologies and Services Alliance (WITSA). The organization includes more than 80 countries.

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Why financial institutions are banking on sustainability

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Eric Usher’s day planner is filled with meetings with the heads of some of the world’s biggest banks. And while he has years of experience working with the financial industry, his mission isn’t profit. It is to support and challenge banks and other financial institutions to lay the foundation for a more sustainable future.

Usher is the head of the United Nations Environment Programme Finance Initiative (UNEP FI), a partnership between UNEP, banks, insurers and investment companies that has established among the most important sustainability frameworks for the sector. Its aim is to align private money with the UN Sustainable Development Goals that aim to shift our economy to clean energy, eliminate hunger, foster gender equality and achieve more than a dozen other social and environmental targets.

In his role, Usher has worked with financial institutions to put sustainability at the heart of their business strategy.

“If we want to meet global sustainability challenges, we absolutely need the support of the private sector,” said Usher recently. “There just isn’t enough public money out there, especially in the wake of COVID-19, to finance the massive structural changes our societies desperately need.”

The Organization for Economic Cooperation and Development estimates it will cost $6.9 trillion annually through 2030 to finance the sustainable development goals.

Usher’s comments came just ahead of the United Nations Climate Change Conference of Parties, known as COP26. The gathering came with the planet slipping dangerously behind the goals of 2015’s landmark Paris Agreement and already experiencing the effects of a changing climate. Progress towards the other Sustainable Development Goals has also been uneven.

Origins of a movement

UNEP FI was born out of a group of six banks that met on the sidelines of 1992’s Rio Earth Summit, considered by many as one of the most important environmental gatherings of the last three decades.

Nearly 30 years later, more than 450 financial institutions are members of what is the UN’s largest partnership with the finance industry.

In the past year alone, member banks have given 113 million vulnerable customers access to financial services and advised over 15,000 companies on their climate strategies.

Not only is that work helping people and the planet, it’s also securing the future of financial stability. The burgeoning green economy is creating a host of new investment and lending opportunities. Institutional investors and retail banking customers are increasingly demanding that financial institutions uphold environmental standards. And, perhaps most importantly, a growing number of financial institutions have realized that financing fossil fuels, and other projects that harm the environment, is bad for their long-term future.

“I truly believe that the next 30 years of our economy and our society, can’t be like the last 30 years,” said Guy Cormier, CEO of Desjardins Group, one of Canada’s largest financial services companies. “The activities of a financial institution can make a real difference in the lives of the people and also in the environment.”

Becoming more environmentally sustainable requires banks, insurers and investors to redesign their business models, says Usher.

“Traditional risk (in the financial sector) looks at what failed in the past,” said Usher, “With climate change that doesn’t work. Now it’s about forecasting the future, which isn’t easy and therefore is an area that we work with our members to develop the norms and standards needed to respond.” 

The latest Intergovernmental Panel on Climate Change , released in September, finds that nearly every corner of the world has been touched by climate change. UNEP’s Emissions Gap Report 2021 found that, even with new national climate pledges and mitigation measures, the world is still on track for a global temperature rise of 2.7°C by the end of the century, which could lead to catastrophic climate impacts. To keep global warming below 1.5°C this century, the aspirational goal of the Paris Agreement, countries would need to halve annual greenhouse gas emissions in the next eight years.

With this as a backdrop, Usher says the work of the UNEP FI has never been so important.

“There really is no time to waste,” said Usher. “The current decade is critical to determining the future of our species and our planet.”

Guiding principles

To shepherd the financial industry towards sustainability, UNEP FI has unveiled a series of guiding frameworks including:

These industry frameworks have attracted widespread support among financial institutions. Some 80 per cent of the investment industry has committed to the Principles for Responsible Investment while 260 banks, representing $70 trillion in assets, have signed onto the Principles for Responsible Banking.

The Principles [for Responsible Banking] are very much hinged on the Paris Agreement as well as the Sustainable Development Goals,” said Siobhan Toohill, Group Head of Sustainability, Westpac. “It’s clear that climate change is a really significant factor that banks need to address… and there are areas of impacts that we need to give closer attention to, such as biodiversity.”

A progress report, released in October, highlights the accomplishments of the responsible banking principles initiative. Among other things, it found that signatories have mobilized at least $2.3 trillion in sustainable financing. What’s more, 94 per cent of banks identify sustainability as a strategic priority.

The industry frameworks developed by UNEP FI help financial institutions embed sustainability into all aspects of their business. But with more than US$100 trillion required to transition the global economy to net-zero emissions by 2050 – and US$32 trillion of that over the next decade – there is an urgent need to focus financing on helping to achieve that goal.

Three UNEP FI-convened groups are working with more than 170 investors, banks and insurers to develop the tools and science-based guidance to use with their customers and the companies they invest in to decarbonize their businesses. The financial institutions are setting targets every few years and making their progress public via annual reporting to ensure that their work can be measured and scrutinized, and that they keep their commitments on track.

The large number of financial institutions involved and the near-term action that has been committed to, have left Usher optimistic about the future.

“There’s no question we have a lot of work to do to make our societies more sustainable,” he said. “But in the private sector, the desire for real change is growing and that makes me hopeful.”

UNEP

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