Raya FutureTECH Concludes First Accelerator Program with Successful Demo Day

A vibrant event scene at the Edge Innovation Center showcasing the Demo Day for Raya FutureTECH's accelerator program. The setting includes tech start

Raya FutureTECH, the innovation arm of Raya Holding, celebrated the conclusion of its first accelerator program with an inspiring Demo Day at the Edge Innovation Center. The event showcased the remarkable progress of thirteen tech startups, highlighting their innovative solutions across sectors such as agriculture, transportation, real estate, and financial services.

Nanis Elessaily, Director of Strategy and Partnerships at Raya Holding, expressed enthusiasm: “Banking on Raya’s 25 years of experience in various sectors, we are eager to support these startups grow as they have become an integral part of the economy.”

Sameh Hammad, Head of Project, DV at GIZ Egypt, added: “GIZ, through our develoPPP for Jobs Funding Instrument, is always keen to build successful partnerships with the private sector to improve training and employment in emerging economies. In partnership with Raya FutureTECH, it was remarkable to see how startups in emerging industries evolved throughout the program, implemented by Innovety, showing great commitment to innovation and growth. We look forward to witnessing their future success.”

Clara Samman, Senior Program Officer at Raya FutureTECH, shared insights: “This program was designed to provide founders with the resources, training, and mentorship they need to grow. Through one-on-one consultations with experts from Raya, workshops, and connections to our network, we’ve equipped them with the tools for success. At Raya FutureTECH, we highly value the importance of partnership creation and networking opportunities, and it was rewarding to see startups discussing potential partnerships with different business lines from Raya.”

Startups Overview

Arzaq Masr: Specializes in agricultural technology, aiming to digitalize Egypt’s poultry sector through a smart mobile application, fulfilling breeders’ tech and financial needs and providing trusted, stable, and traceable sources for production inputs.

Cultivaet: A smallholder farmers development platform digitizing knowledge and information accessibility, enabling food growers with simple and intuitive tools for sustainable and profitable agricultural practices.

Accounting Club: A B2B marketplace specializing in accounting and finance services, offering logistics services for finance departments, including archiving services, ERP systems, and training workshops.

Meta Egypt: Revolutionizes real estate exploration with VR technology, offering immersive 3D property experiences, eliminating physical limitations, and making property viewing accessible to all.

BUS14: A transportation app designed to provide safe, affordable, and convenient transportation for school students in Egypt.

Credify: An AI-powered consumer insights and embedded finance platform, helping digital lenders sell more loans and financial products with less credit risk using alternative data and digital footprints. They also provide an e-commerce embedded finance platform for end-users.

Jadeed: Provides alternative green energy solutions that reduce fuel consumption and carbon dioxide emissions through the innovative Green Turbo (hydrogen cell) that converts water into hydrogen gas.

Wfrley: A dynamic super app and SaaS solution transforming the retail landscape in underserved regions outside of Cairo, streamlining the delivery process from a wide network of local supermarkets, pharmacies, and shops.

PlanQ: Dedicated to the research, development, production, and sales of cutting-edge digital and electronic communication products, offering high-quality, reliable technology for personal and professional use.

Tatbeek: An Egyptian ICT company using the latest technologies to maximize manufacturers’ efficiency and minimize their production waste in Egypt and worldwide.

The Holiday Homes Service Co.: Delivers top-notch property management services specifically designed for the holiday home sector.

H.E Rental: An online multi-vendor one-stop shop connecting heavy equipment owners with companies wanting to rent equipment.

WhereApp: A cutting-edge transportation app connecting users with reliable and professional drivers, ensuring seamless, convenient, and stress-free journeys.

Conclusion and Winners Announcement

The Demo Day concluded with an announcement of the winners, who will receive additional support and funding to further develop their groundbreaking solutions.

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