Latest news with #Invest-IT
TECHx
17-04-2025
- Business
- TECHx
Egypt Launches Invest-IT to Support 15 Promising Tech Startups
Fifteen Egyptian tech startups unveiled their innovations during the launch of Invest-IT, a new national program led by the Technology Innovation and Entrepreneurship Center (TIEC). TIEC is affiliated with the Information Technology Industry Development Agency (ITIDA). The program is launched in collaboration with Flat6Labs, a leading early-stage venture capital firm in the MENA region. Invest-IT is designed to support startups in the Seed and Pre-Series A stages. The goal is to boost investment readiness and help entrepreneurs across Egypt secure funding and grow their businesses. The program also aims to drive economic development through innovation. The launch event gathered key stakeholders from Egypt's tech ecosystem. Among them were Eng. Ahmed El-Zaher, CEO of ITIDA, and Hany Al-Sonbaty, Founder of Flat6Labs. Also present were Dina El-Shenoufy, Chief Investment Officer at Flat6Labs, Lamiaa El Rashidy, Incubation Manager at TIEC, and the founders of the selected startups. According to El-Zaher, Invest-IT marks a significant step in empowering startups to attract investment. He emphasized ITIDA's commitment to building a resilient tech ecosystem through education, infrastructure, and access to funding. Al-Sonbaty highlighted the importance of combining capital with mentorship and long-term support. The selected startups cover a wide range of sectors, including AI, fintech, logistics, proptech, insurtech, and smart energy. This diversity reflects Egypt's growing innovation potential. Startups in the Seed group include: The White Guard (cybersecurity and PPE) Dragify (AI for financial services) HNDL (logistics tech) Turuq (packaging and shipping solutions) Skoolix (digital learning tools) KENNAH (proptech) Atoms AI (semiconductor inspection) PhotonSmart (smart energy devices) The Pre-Series A group features: Valify (AI-based identity verification) Mrkoon (waste management platform) Qubefyn (AI data intelligence) Venu (event venue booking) Amanleek (insurtech solutions) LyRise (enterprise AI) Hoopoe Digital (location-based Wi-Fi services) The Invest-IT program runs in two phases. In Phase One, startups join workshops and receive tailored mentorship. In Phase Two, they connect with potential investors through curated matchmaking opportunities. Overall, Invest-IT aims to accelerate startup growth and strengthen Egypt's position as a regional innovation hub.
Tahya Masr
16-04-2025
- Business
- Tahya Masr
ITIDA Launches 'Invest-IT' to Accelerate Startup Investment Readiness Across Egypt
Fifteen promising Egyptian tech startups unveiled their breakthrough innovations during the launch of the first edition of Invest-IT, a nationwide program led by the Technology Innovation and Entrepreneurship Center (TIEC)—an affiliate of the Information Technology Industry Development Agency (ITIDA)—in collaboration with Flat6Labs, the MENA region's leading seed and early-stage venture capital firm. Designed to enhance investment readiness for tech startups in the Seed and Pre-Series A stages, Invest-IT targets emerging entrepreneurs across various Egyptian governorates, aiming to help them secure funding, expand operations, and drive sustainable economic growth through innovation. The launch event brought together key stakeholders in Egypt's tech ecosystem, including Eng. Ahmed El-Zaher, CEO of ITIDA; Hany Al-Sonbaty, Founder and Chairman of Flat6Labs; Dina El-Shenoufy, Chief Investment Officer at Flat6Labs; Lamiaa El Rashidy, Incubation Manager at TIEC; along with the founders of the participating startups. "The Invest-IT program represents a pivotal milestone in our efforts to empower Egyptian startups during their most critical phase—investment readiness. At ITIDA, we are deeply committed to building a resilient and inclusive technology ecosystem that not only nurtures innovation but also equips startups to scale and compete on a global stage." — Eng. Ahmed El-Zaher, CEO of ITIDA He added: 'Our strategy is holistic—starting from igniting a culture of innovation within universities, scaling up our nationwide Digital Egypt Innovation Hubs (Creativa), and delivering future-ready digital skills, all the way to facilitating access to essential funding and investment for scaling through strategic private-sector partnerships.' From AI and fintech to logistics, proptech, and smart energy solutions, the diversity of startups participating in Invest-IT showcases Egypt's rapidly maturing innovation landscape and its potential to become a regional startup powerhouse. Featured Startups The Seed Funding group includes: The White Guard: cybersecurity and high-quality PPE manufacturing Dragify: AI solutions for the financial services sector HNDL: fleet management tech in the logistics domain Turuq: technology-driven packaging and shipping services Skoolix: smart digital learning tools KENNAH: proptech for underutilized real estate assets Atoms AI: AI-powered semiconductor inspection PhotonSmart: energy-efficient smart home devices for hospitality and residential sectors The Pre-Series A cohort features startups with mature business models, such as: Valify: AI-based digital identity verification Mrkoon: digital platform linking waste management suppliers and retailers Qubefyn: AI-powered data intelligence solutions Venu: venue-booking and management platform for events Amanleek: insurtech for individuals and businesses LyRise: affordable enterprise AI solutions Hoopoe Digital: location-based digital services powered by large-scale Wi-Fi data Hany Al-Sonbaty, Founder of Flat6Labs and Managing Director of Sawari Ventures, emphasized: 'Invest-IT represents a model of integrated collaboration—bringing together resources, capital, and mentorship to empower startups with both technical know-how and purpose-driven leadership. At Flat6Labs, we believe entrepreneurship is not only about funding, but about people, values, and creating lasting impact.' Program Structure The Invest-IT program is structured in two distinct phases designed to accelerate startup growth and investment readiness. In Phase One, startups receive intensive workshops, personalized mentorship, and access to essential resources aimed at strengthening their business models and investment fundamentals. Phase Two focuses on investor engagement, where participants are connected with a curated network of investors through targeted matchmaking opportunities to facilitate funding and growth.
Zawya
16-04-2025
- Business
- Zawya
ITIDA launches 'Invest-IT' to accelerate startup investment readiness across Egypt
Cairo: Fifteen promising Egyptian tech startups unveiled their breakthrough innovations during the launch of the first edition of Invest-IT, a nationwide program led by the Technology Innovation and Entrepreneurship Center (TIEC)—an affiliate of the Information Technology Industry Development Agency (ITIDA)—in collaboration with Flat6Labs, the MENA region's leading seed and early-stage venture capital firm. Designed to enhance investment readiness for tech startups in the Seed and Pre-Series A stages, Invest-IT targets emerging entrepreneurs across various Egyptian governorates, aiming to help them secure funding, expand operations, and drive sustainable economic growth through innovation. The launch event brought together key stakeholders in Egypt's tech ecosystem, including Eng. Ahmed El-Zaher, CEO of ITIDA; Hany Al-Sonbaty, Founder and Chairman of Flat6Labs; Dina El-Shenoufy, Chief Investment Officer at Flat6Labs; Lamiaa El Rashidy, Incubation Manager at TIEC; along with the founders of the participating startups. "The Invest-IT program represents a pivotal milestone in our efforts to empower Egyptian startups during their most critical phase—investment readiness. At ITIDA, we are deeply committed to building a resilient and inclusive technology ecosystem that not only nurtures innovation but also equips startups to scale and compete on a global stage." — Eng. Ahmed El-Zaher, CEO of ITIDA He added: 'Our strategy is holistic—starting from igniting a culture of innovation within universities, scaling up our nationwide Digital Egypt Innovation Hubs (Creativa), and delivering future-ready digital skills, all the way to facilitating access to essential funding and investment for scaling through strategic private-sector partnerships.' From AI and fintech to logistics, proptech, and smart energy solutions, the diversity of startups participating in Invest-IT showcases Egypt's rapidly maturing innovation landscape and its potential to become a regional startup powerhouse. Featured Startups The Seed Funding group includes: The White Guard: cybersecurity and high-quality PPE manufacturing Dragify: AI solutions for the financial services sector HNDL: fleet management tech in the logistics domain Turuq: technology-driven packaging and shipping services Skoolix: smart digital learning tools KENNAH: proptech for underutilized real estate assets Atoms AI: AI-powered semiconductor inspection PhotonSmart: energy-efficient smart home devices for hospitality and residential sectors The Pre-Series A cohort features startups with mature business models, such as: Valify: AI-based digital identity verification Mrkoon: digital platform linking waste management suppliers and retailers Qubefyn: AI-powered data intelligence solutions Venu: venue-booking and management platform for events Amanleek: insurtech for individuals and businesses LyRise: affordable enterprise AI solutions Hoopoe Digital: location-based digital services powered by large-scale Wi-Fi data Hany Al-Sonbaty, Founder of Flat6Labs and Managing Director of Sawari Ventures, emphasized: 'Invest-IT represents a model of integrated collaboration—bringing together resources, capital, and mentorship to empower startups with both technical know-how and purpose-driven leadership. At Flat6Labs, we believe entrepreneurship is not only about funding, but about people, values, and creating lasting impact.' Program Structure The Invest-IT program is structured in two distinct phases designed to accelerate startup growth and investment readiness. In Phase One, startups receive intensive workshops, personalized mentorship, and access to essential resources aimed at strengthening their business models and investment fundamentals. Phase Two focuses on investor engagement, where participants are connected with a curated network of investors through targeted matchmaking opportunities to facilitate funding and growth.
