T-Vencubator, a leading venture capital firm and incubator in Egypt, has launched its inaugural investment programme and aims to invest in five startups by the end of year 2025.
The firm describes its role as ‘the best of both worlds’ bringing together the benefits of venture capital and incubation to help bridge the gap between Egypt’s entrepreneurial potential and its technological capabilities, empowering startups to solve societal problems and shape Egypt’s future.
The new programme aims to assist entrepreneurs and projects in overcoming both financial and expertise-related hurdles. It provides funding as well as practical and knowledge-based support, which encompasses mentorship, guidance, technological infrastructure, and human resources.
“T-Vencubator aims to bridge the gap between ideas and reality. We believe that technology is the solution to many of the challenges facing Egyptian society, and we also believe that Egyptian minds possess innovative ideas capable of addressing these challenges.
“We are not merely investing in companies; we are investing in exceptional talents who will shape Egypt’s future,” said Reem Safy, Founder and CEO of T-Vencubator.
The move comes as Egypt’s startup ecosystem emerges strongly in 2024. According to a recent analysis. Egyptian entrepreneurs secured the highest funding in the Middle East and North Africa (MENA) region in the month of July 2024, raising $185 million over seven deals.
🇪🇬 NORTH AFRICA | Egypt Leads in Startup Funding in MENA region in July 2024, Led by Fintech and Web3 Startups
There was a 260% YoY increase in funding within the MENA region. The Web3 sector had $85 million invested in two startups.
The majority of investment went to… pic.twitter.com/jNxudByXIR
— BitKE (@BitcoinKE) August 15, 2024
The intersection between fintech and commerce is particularly doing well in the market with startups repeatedly raising large sums in the last 2 years. Since the turn of the year [2024], multiple startups operating in these verticals have announced new raises, including:
The wider MENA region overall has witnessed growth in the last few years with Morocco, Algeria, UAE and Saudi Arabia among the leading startup funding destinations.
🇪🇬🇱🇾🇲🇦🇹🇳🇩🇿NORTH AFRICA | MENA Startups – From Underdogs to Leading Innovators in the Global Fintech Arena
Recent data indicates that #MENA valuations are either holding steady or increasing.
For instance, in 2023, the average EV/revenue multiple for SME lending fintechs in… pic.twitter.com/s5tH6D9Lqz
— BitKE (@BitcoinKE) August 30, 2024
Interested parties looking for funding and incubation for their startups can apply here to the T-Vencubator programme.
Applications will be evaluated based on key criteria that focus on innovation and the ability of the proposed solutions to address real societal challenges.
________________
About T-Vencubator
As the first Egyptian Tech Venture Capital and Incubator, T-vencubator exclusively invests in Egyptian startups with a vision to digitize the nation and address the daily hurdles faced by its citizens.
T-Vencubator is dedicated to reshaping Egypt’s future by fostering local innovation and providing a platform for startups to thrive. The company’s mission is anchored in solving everyday problems through technology, leveraging its unique position as the first Egyptian Tech Vencubator while doing that in a unique style rooted in Egyptian culture.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_____________________________________
_____________________________________
