Applications are now open for the second cohort of the Riyada Business Accelerator Program in Bahrain, aimed at tech startups with Minimum Viable Products (MVPs). The six-month program offers mentorship, funding opportunities, and business strategy insights, helping startups enhance operational efficiency and connect with industry leaders and investors.
At the World Business Angels Investment Forum 2024, Bahraini startups showcased their innovative projects under the patronage of Prince Salman bin Hamad Al Khalifa. Entrepreneurs like Dr. Hamad Al Sayed and Zainab Adel Al Shuwaikh presented solutions ranging from AI-driven investment platforms to eco-friendly agricultural products, aiming to attract global investors and expand internationally.
AHOY has launched its Startup Builder Initiative to support 10,000 entrepreneurs and empower 30,000 developers across MENA by 2030. The initiative, backed by decentralized AI and a startup community platform, will drive innovation in sectors like logistics, mobility, and smart cities. AHOY aims to accelerate startup growth and global expansion.
Wazoku has expanded into the GCC region, establishing a presence in the UAE and investing in local server infrastructure to meet regional needs. The company has partnered with FKRA to enhance its local operations and support the growing demand for innovation services, aligning with the UAE’s Vision 2030.
Qara, an Egyptian supply chain technology startup, has secured $2.6 million in funding to expand into Saudi Arabia. The platform ensures product authentication and traceability, benefiting over 50,000 users across multiple countries. This expansion aligns with Vision 2030 and highlights Qara’s role in driving innovation in the region.
Orange Egypt’s $52.7 million investment is driving a youth-focused tech revolution, funding over 40 startups, mostly from Egypt. This investment comes alongside the second phase of 5G licensing. With Egypt’s startup scene thriving, the country aims to solidify its position as Africa’s top entrepreneurial hub.
ITIDA and Flat6Labs have launched InvestIT, a program designed to support Egyptian tech startups at the seed and pre-Series A stages. Over six to eight months, 12 startups will receive personalized consultancy, training, and connections to investors, helping them become investment-ready and scale within Egypt’s growing digital economy.
Egypt has launched the InvestIT programme to support seed and pre-Series A tech startups. In collaboration with Flat6Labs, ITIDA, and TIEC, the programme offers consultancy, tools, and investor connections to help startups scale operations and enhance their competitiveness, fostering growth in Egypt’s digital economy.
Egypt launched the “Invest IT” program to boost investment readiness for tech startups, with government initiatives supporting skills development, international partnerships, and infrastructure. Despite a funding decline, Egypt remains a top MENA startup hub, with Invest IT fostering a resilient ecosystem for sustainable growth.
The fund aims to address the unique challenges and opportunities within the African tech ecosystem, which is experiencing rapid growth fueled by a young and expanding population.
