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Dar Ventures and Acasia launch new MEA incubator

Daba finance invest in Africa
STARTUP VENTURE CAPITALSeptember 20, 2023 at 12:55 PM UTC

Dar Ventures, the venture capital arm of design and engineering consultancy firm Dar ElHandasah, has launched the "DARE" incubator program.

The incubator is targeted at startups in the architecture, engineering, and construction (AEC) industries across the Middle East and Africa.

Selected startups will receive financial and non-financial support, such as mentorship and coaching, while also benefiting from Dar El Handasa’s network of partner universities.

Key Takeaways

Compared to other sectors like financial services or e-commerce, Africa’s construction industry has typically moved at a slower pace when it comes to embracing innovation or digitalization. But that’s not for the lack of exciting startups in the space working to tap opportunities in an industry expected to continue to grow sustained by mega infrastructure projects and efforts to address Egypt’s housing deficit. Due to its low popularity, players in this space struggle to secure early-stage funding and support, highlighting the importance of the Makers program.

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