ITIDA Launches 'Invest-IT' to Accelerate Startup Investment Readiness Across Egypt
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily News Egypt
5 hours ago
- Daily News Egypt
Egypt's Foreign Minister opens business forum in Senegal to boost trade
Egyptian Foreign Minister Badr Abdelatty on Friday led a business delegation to Senegal, where he opened a bilateral business forum and a new Egyptian factory, as part of a push to deepen economic ties. Abdelatty participated in the Egypt-Senegal Business Forum in Dakar, alongside Senegalese Minister of Commerce and Industry, Serigne Gueye Diop, and other senior officials and private sector representatives from both countries. The Egyptian delegation included 30 business leaders and representatives from major companies and associations, including the Federation of Egyptian Industries, the Export Council for Medical Industries, and the Egyptian General Petroleum Corporation. The forum provided an opportunity for companies from both countries to discuss partnerships and joint projects in sectors including agriculture, pharmaceuticals, infrastructure, mining, and renewable energy. In his opening remarks, Abdelatty praised the historical relations between the two countries, which are celebrating 65 years of diplomatic ties. He affirmed Egypt's full support for Senegal's five-year development plan and its 2050 national vision, stressing Cairo's readiness to share its expertise and support Senegal's development path. Senegalese officials welcomed the high-level Egyptian delegation, calling the forum the launch of a new phase of economic and investment cooperation. They praised Egypt as a successful model for development and investment in Africa and expressed their readiness to provide all necessary support and facilities to Egyptian businesses looking to invest in the Senegalese market. Separately on Friday, Abdelatty inaugurated an Egyptian 'Siltal Africa' factory for the production of electrical appliances in Dakar, in the presence of Minister Diop. During the opening, Abdelatty said the industrial project was an important step towards enhancing Egyptian economic activity on the African continent and reflected the state's vision of achieving joint development with African nations. The Senegalese minister of commerce and industry praised Egypt's role in supporting projects and investments in Senegal and contributing to the transfer of expertise.
Egypt Independent
6 hours ago
- Egypt Independent
Egypt's government plans to borrow from citizens through retail bonds
Economic expert Mohamed Fouad, the head of the al-Adl Center for Public Policy Studies, commented on the announcement by Finance Minister Ahmed Kouchouk of the issuance of retail bonds for individuals to help them find new savings methods. Kouchouk has said that the government is considering launching Egyptian pound-denominated sukuk and bonds for individuals during the current fiscal year. These instruments 'will provide additional liquidity through the new notes and provide a new savings mechanism for citizens,' he noted. Fouad said via his X account that 'The idea is excellent. The government is borrowing from savings, since the majority of banks' investments are in government debt instruments.' 'Citizens are accustomed to certificates (of deposits), while investing in debt instruments is limited to companies and higher-income individuals. The outcome of the proposal will be higher returns for individuals and less funding for the government. Win-win, not in vain.' Retail bonds are a government debt instrument aimed at financing the state's general budget. These bonds are available to individuals and institutions and feature a specific maturity period and a periodic return known as a coupon. Edited translation from Al-Masry Al-Youm
Egypt Independent
7 hours ago
- Egypt Independent
FM: Egyptian economy has promising investment chances
CAIRO/BAMAKO, July 24 (MENA) – Minister of Foreign Affairs, Emigration and Egyptians Abroad Badr Abdelatty affirmed that the Egyptian economy—being one of the largest economies in the African continent—possesses promising investment opportunities and extensive cumulative expertise in implementing strategic projects in sectors such as infrastructure, agriculture, energy, dams, pharmaceuticals, and telecommunications. He also highlighted the significant progress Egypt has achieved in both industrial and service sectors. Abdelatty's remarks came while inaugurating the Egypt-Mali Business Forum on Thursday in Mali's capital, Bamako. A high-level Egyptian delegation of 30 business leaders, CEOs, and representatives of major Egyptian companies across various fields participated in the forum. In his opening speech, Abdelatty said the forum marks a new and important milestone in strengthening economic and trade partnerships between Egypt and Mali. He emphasized that it opens unprecedented opportunities for the private sectors in both countries to develop partnerships based on integration and trust, in line with the depth of historical ties and the economic potential of both nations. The foreign minister stressed that Egypt-Mali relations are currently witnessing unprecedented momentum and that the forum serves as a significant starting point for boosting trade exchange, encouraging industrial and investment partnerships, and enhancing cooperation between the business communities of both countries. He described the forum as a practical first step toward strengthening institutional cooperation. He pointed out to joint efforts that have led to the formation of an economic working group, as well as ongoing efforts to establish an Egypt-Mali Business Council to activate cooperation opportunities across various sectors. He expressed Egypt's sincere desire to expand its investments in the Republic of Mali, especially in sectors prioritized by the Malian government, such as textiles, wood products, and pharmaceuticals. For his part, Mali's Minister of Industry and Trade Moussa Alassane Diallo emphasized the special importance that the Malian government places on enhancing cooperation with Egypt. He praised Egypt's vast expertise in supporting development across Africa. He also expressed Mali's aspiration to benefit from Egypt's pioneering experience in several key sectors. He affirmed that the holding of the forum reflects a shared political will to elevate economic and investment cooperation between the two countries. (MENA)
