9 Egyptian start-ups to present investment ideas in London



Wed, 20 Jun 2018 - 04:27 GMT


Wed, 20 Jun 2018 - 04:27 GMT

One of the Egyptian start-ups talks about her project – Press Photo

One of the Egyptian start-ups talks about her project – Press Photo

CAIRO – 20 June 2018: The British Embassy announced that nine Egyptian start-ups headed to London this week to platform their innovative ideas in the health, finance, engineering and services sectors.

The nine start-ups are: Chefaa, an online platform and a mobile application to order and deliver prescribed medication to patients; Weelo, a platform and mobile application for ordering and delivering groceries; Mosawer, a platform for photography professionals around the MENA region; 7aweshly, a micro-saving application targeting those without access to bank accounts; and Argineering, the 1st worldwide platform for artists to create interactive environments with no need for a programing background or a single line of code.

The start-ups also included Recommendator, the first video-on-demand (VOD) streaming service; Couterique, an e-commerce platform selling high end international designer products; Elkrem, a platform that makes the development of Blockchain connected Internet of Things (IOT) products; and Pushbots, a customer engagement platform that can be integrated in mobile apps within a few minutes with a few lines of code.

London Tech Week is a free celebration of technology in Europe, bringing together 55,000 tech professionals, from early-stage start-ups to some of the biggest names in tech, including Jimmy Wales, the founder of Wikipedia.

The embassy said in a press release that it was an unparalleled opportunity for the Egyptian start-ups to pitch their vision to international investors and connect to a global market of potential customers and partners.

In November 2017, UK-funded Start Egypt Program was launched by the British Embassy in Cairo, in partnership with the International Finance Corporation (IFC) and Flat6Labs.

The program, which offered the start-ups an opportunity to participate in TECH Week, provides a £ 2 million (around LE 47 million) grant to inspire and support thousands of Egyptian entrepreneurs through a number of entrepreneurial development opportunities, awareness activities and a unique incubation program.

The UK Ambassador to Egypt John Casson said on June 14 that nine Egyptian startups will attend the London Tech Week.

"We’re helping nine Egyptian startups attend @LDNTechWeek #London - the biggest tech & innovation event - thanks to @StartEgypt @Flat6LabsCairo & @StartupGrind," Casson stated on his official Twitter account.

The ambassador added that they aim to connect these inspiring Egyptians with international investors and open doors to new markets.



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