The United Nations Technology Bank for Least Developed Countries is a relatively new organization and the only UN entity with the exclusive remit to harness science, technology and innovation for sustainable development and transformation in the world’s 44 poorest countries.
Establishing the UN Technology Bank (UNTB) in 2018 was the first UN Sustainable Development Goal Target (17.8) to be realized. It recognized the critical role that science, technology and innovation play in fostering sustainable development and the urgent need to close the technological gap between the Least Developed Countries (LDCs) and the rest of the world. Based in Gebze, Türkiye, the UNTB works alongside national, regional and global partners to deliver programmes that boost technological capacity and promote growth in local economies. By assessing core national sectors, fostering partnerships and guiding countries in adopting tailored, impactful technological solutions, the UNTB plays a unique role in reshaping economies and livelihoods where it is most needed.
Vision
The vision is a world where science, technology and innovation can quickly close development gaps, ensuring people from the poorest and most vulnerable countries are not left behind.
Mission
The mission is to support the LDCs in harnessing the transformative power of science, technology and innovation for growth and sustainable development.
LDCs are home to about 1.1 billion people or 14% of the global population, yet they account for just 1% of the global Gross Domestic Product. Despite their challenges, the LDCs have vast human, cultural and natural resources. By leveraging science, technology, innovation, and building capacities in this area, the UNTB works to unlock the potential for long-term sustainable growth, creating opportunities and livelihoods for people living in the most vulnerable countries in the world.
Mandate
The UNTB operates under a core mandate to: Empower the LDCs by building robust Science, Technology and Innovation (STI) capacities to drive progress and development. Foster growth by promoting the development and implementation of national and regional STI strategies tailored to address unique challenges and unlock opportunities. Strengthen collaborative partnerships by bringing together public sector entities, private sector organizations, and academic institutions to drive innovation and create synergies. Enhance global and regional cooperation on STI by connecting researchers, research institutions, and stakeholders within LDCs and across borders. Accelerate transformative change by promoting access to cutting-edge technologies, ensuring equitable transfer while upholding intellectual property rights, and empowering LDCs to sustain these advancements effectively.
