egyptian startups
The standout achievement for Egypt was MNT-Halan’s $157.5 million funding round, which was the largest of the year not only in Egypt, but also across Africa
The group aims to foster competitiveness, promote knowledge-driven development, and create decent job opportunities.
These startups will compete at the regional level with African finalists to be crowned in October at the GSA Africa Summit in Addis Ababa, Ethiopia – GSA Africa’s host nation for 2024
Heiba stated that the establishment of the unit aligns with the directives of President Abdel Fattah El-Sisi and Prime Minister Mostafa Madbouly to create a dedicated platform to support entrepreneurs and startups
He stated that 40 startups in Cairo and Giza raised $40 million in investments over the past two years and over 55 startups were incubated in the governorate-based centers
The primary objective of this resolution is to ensure the financial stability of these companies and their ability to deliver efficient services
These investments include LE 222.2 million being directly invested, while LE 166.3 million has been allocated as indirect investments
On the sidelines of the summit, ElZaher met with a group from the TIEC Innovation Ambassador (TIEC-IA) program. ITIDA’s CEO praised their efforts and stressed the importance of the role they play in realizing ITIDA’s goal of spreading the culture of entrepreneurship and innovation
Regional funding reached its lowest recording during Q2 2023, contracting to $619 million compared to $1.26 million in Q1 2023
Rology was founded in 2017 as an on-demand teleradiology platform that connects hospitals and other healthcare providers with remote and readily available radiologists.
