Egypt’s Information Technology Industry Development Agency (ITIDA) and venture capital firm Flat6Labs have launched the InvestIT programme, aimed at supporting Egyptian tech startups, particularly those at the seed or pre-Series A stages. The initiative provides access to consultancy, tools, and investor connections to help these startups scale operations and enhance their global competitiveness.
The programme, managed by the Technology Innovation and Entrepreneurship Center (TIEC), a subsidiary of ITIDA, will support startups across Egypt’s governorates, fostering innovation and growth within the country’s digital economy. The InvestIT programme will proceed in two phases: the first will focus on training sessions and workshops to prepare startups for investment, and the second will connect them with local and international investors.
Dr. Amr Talaat, Egypt’s Minister of Communications and Information Technology, emphasized the government’s commitment to nurturing a thriving tech startup ecosystem. “We are rolling out various initiatives to equip entrepreneurs with essential skills, attract global incubators, and connect startups with investors. By establishing Digital Egypt innovation hubs nationwide, we are empowering innovators to turn their ideas into successful ventures. Additionally, we are investing in advanced digital infrastructure, positioning Egypt among the top three countries in the Middle East and Africa for tech startup investments,” said Talaat.
Flat6Labs founder and chairman, Hany El Sonbaty, expressed that the InvestIT programme expands his company’s support for Egyptian entrepreneurs. “This programme is not just about preparing startups for investment; it’s about equipping them with the tools and connections they need to scale and make a real impact on Egypt’s tech landscape,” he stated.
The programme will support 12 startups over a six-to-eight-month period, offering tailored consultancy services aimed at enhancing their investment readiness. This includes assistance with setting up data rooms and preparing for investor engagements.
Eligible startups must be at the seed or pre-Series A stage, have a scalable product or service, and have been operational for at least two years.
