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.
The Information Technology Industry Development Agency (ITIDA) and Flat6Labs have launched the IT Invest program to support tech-enabled startups in Egypt. The initiative aims to equip seed and pre-Series A startups with training, resources, and networking opportunities to enhance their investment prospects and contribute to economic growth.
iACCEL GBI has partnered with AWS Activate to provide startups in the UAE with essential resources, including up to $25,000 in AWS credits. This collaboration will enable portfolio companies to build and scale their cloud infrastructure, enhancing their operational capabilities and supporting innovation within the region’s startup ecosystem.
Saudi Arabia’s Ministry of Communications and Information Technology has launched the Tech Talent Hub initiative to support technology startups and digital talent. This initiative aims to enhance the tech sector and digital economy by providing comprehensive HR services, enabling startups to maximize their potential in line with Saudi Vision 2030.
EdVentures, Nahdet Misr Group’s venture capital arm, has selected eight new startups to enhance its edtech portfolio. These firms specialize in innovative educational technologies, expanding EdVentures’ total to 22 companies and emphasizing its commitment to revolutionizing Egypt’s educational system.
Qatar Science & Technology Park (QSTP) has launched the Global Innovation Link program, welcoming five Pakistani tech startups to foster international collaboration and innovation. The program offers an immersive experience to engage with Qatar’s tech ecosystem, promoting growth and knowledge exchange.
Brotinni, an innovative Egyptian startup, secures new funding to expand its unique ‘dark butchery’ model, enhancing meat and poultry distribution with advanced processing and delivery solutions.
SCO has introduced freelancing hubs and 4G services in Neelum Valley, Azad Kashmir, promoting digital empowerment and bridging the connectivity gap in remote areas.
Dubai AI Campus, in partnership with Google Cloud, aims to accelerate AI and Web3 innovation by offering cutting-edge infrastructure and resources to startups. This collaboration includes mentorship opportunities, access to Google Cloud’s Gen AI Startup School, and essential AI tools, positioning Dubai as a global leader in the AI and technology sectors.
