Egypt’s ITIDA, Flat6Labs Launch InvestIT to Support Tech Startups
TLDR
- ITIDA and Flat6Labs launch InvestIT program to support Egyptian tech startups at seed and pre-Series A stages.
- Managed by TIEC, InvestIT provides tailored training, workshops, and investor connections for startup growth.
- 12 startups to receive personalized consultancy services over 6-8 months to enhance investment readiness and connect with local/international investors.
Egypt’s Information Technology Industry Development Agency (ITIDA) and venture capital firm Flat6Labs have introduced InvestIT, a program aimed at helping Egyptian tech startups, particularly those at the seed and pre-Series A stages, to grow and compete globally.
Managed by the Technology Innovation and Entrepreneurship Center (TIEC), the program will offer startups access to consultancy, tools, and investor connections, supporting Egypt’s digital economy across various regions.
Through a structured, two-phase process, InvestIT will provide tailored training and workshops to prepare startups for investment and later connect them with local and international investors. Over six to eight months, 12 startups will receive personalized consultancy services to improve investment readiness, including assistance with data room setup and investor preparation.
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Key Takeaways
The launch of InvestIT aligns with Egypt’s strategy to foster a robust tech startup ecosystem by connecting startups with essential resources and investor networks. With support from ITIDA, TIEC, and Flat6Labs, the program addresses critical growth needs for early-stage startups while reinforcing Egypt’s position as a leading tech hub in the Middle East and Africa. The initiative underscores the government’s commitment to developing Digital Egypt innovation hubs and modernizing infrastructure, creating a favorable environment for startups to scale and contribute to Egypt’s digital transformation.
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