Latest news with #DeepTecher
CairoScene
5 hours ago
- Business
- CairoScene
Aria Ventures Launches LE 50M Fund For Egypt's Deep Tech Startups
Aria Ventures backs Egypt's next wave of deep-tech startups, targeting AI, robotics, biotech and more with major funding and hands-on support. Jun 29, 2025 Michigan-based venture capital company Aria Ventures has launched LE 50 million fund to support early-stage companies in Egypt's deep-tech sector, with plans to increase the fund to LE 200 million by 2029. The fund is directed at startups working in high-science fields including AI, robotics, biotechnology, nanotechnology, and the Internet of Things. The initiative includes a competition called DeepTecher, which identifies promising technological research and guides selected projects through mentoring and evaluation phases toward becoming market-ready companies. The studio's hands-on approach offers both funding and services, including product development, legal support, and market research. Aria Ventures operates as a venture studio, meaning it develops startups from concept through execution. By assembling teams and building out infrastructure internally, the firm aims to create a pipeline of high-tech startups capable of turning academic research into viable commercial products. Egypt's deep-tech landscape is still nascent, though growing interest from investors and research institutions has brought more attention to science-driven startups. This move marks a bid to make Egypt a more active player in advanced technology fields regionally and beyond
Wamda
5 days ago
- Business
- Wamda
Aria Ventures launches $1 million fund to bolster deeptech investment in Egypt
Aria Ventures, an Egypt-based venture studio focused on building deeptech startups, has announced the launch of a $1 million (EGP 50 million) investment to support promising early-stage companies between 2025 and 2026. The firm plans to grow this commitment to $4 million over the next four years. The fund targets high-impact innovation across deeptech sectors, including industry, agriculture, healthcare, AI and machine learning, biotechnology, IoT, nanotechnology, robotics, and other science-driven fields with complex technical challenges. Aria Ventures' model combines hands-on company building—from idea validation and team assembly to infrastructure support—with strategic capital deployment to bridge the gap between pioneering research and market-ready startups. As part of its innovation strategy, Aria Ventures recently launched the DeepTecher competition, designed to scout and transform cutting-edge research into viable deep-tech startups. Winners will receive funding and tailored support through the studio's programmes. Beyond capital, Aria Ventures provides end-to-end support, including R&D, product development, market research, legal services, and commercialisation advisory—aiming to position Egyptian startups as leaders in the global deep-tech ecosystem. Press release: Aria Ventures, a specialised venture studio focused on building startups, has announced the launch of a 50 million EGP investment to support promising companies in the Deep-Technology sector. This initiative aims to bridge the gap between pioneering research and market applications, enabling deep technological innovations to grow and flourish. Aria Ventures aims to increase this funding to EGP 200 million over the next four years, reinforcing its commitment to supporting deep technological innovation in the region. Aria Ventures operates as a venture studio, concentrating on Deep-Technology innovation across diverse sectors. These sectors include industry, agriculture, healthcare, Artificial Intelligence (AI) and machine learning, Biotechnology, industrial digitalisation, Internet of Things (IoT), Nanotechnology, robotics, and other fields that rely on profound scientific and technical innovation. Dr Amr Al-Awamry, CEO of Aria Ventures, stated, "We work on building startups from the ground up by validating ideas, assembling teams, providing technical and commercial infrastructure, and supporting projects through early growth stages." He added, "The company's model combines strategic capital deployment with direct involvement to bridge the gap between pioneering research and market-ready startups." Aria Ventures has allocated EGP 50 million in funding to support companies in the Deep-Technology sector between 2025 and 2026. In line with its commitment to fostering innovation, Aria Ventures recently launched the DeepTecher competition. This competition aims to discover and nurture technological research and transform it into promising Deep-Technology projects. The competition provides a platform for innovators to showcase their technologies and receive the necessary support to turn them into successful startups. It includes several evaluation and mentoring stages and offers valuable prizes and funding opportunities for winning projects through Aria Ventures. For more information about the DeepTecher competition and how to apply, please visit the competition's website: Al-Awamry added that this step underscores Aria Ventures' commitment to supporting deep technological innovation in the region, contributing to a knowledge-based economy driven by advanced technologies, and enhancing the position of Egyptian startups in the global Deep-Technology landscape. In addition to financial support, Aria Ventures provides comprehensive assistance to companies by offering a wide range of technical and consulting services crucial for early-stage startups. These services include market research, Research and Development (R&D), product development services, legal services, and many more, all aimed at enabling these companies to achieve their maximum potential and successfully reach the market.
