Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Egypt’s ITIDA has announced 33 startups joining the third cohort of the Creativa Incubation Program. Spanning edtech, renewable energy, e-commerce, and smart cities, the startups will receive funding, mentorship, workspaces, and investor access—underscoring Egypt’s commitment to scaling tech-driven entrepreneurship nationwide.
Egyptian startup Intella has raised $12.5M in Series A funding to expand its Arabic AI solutions. Its speech-to-text models, achieving 95.73% accuracy across 25 dialects, are unmatched globally. With strong investor backing, rapid revenue growth, and expansion into Saudi Arabia, Intella is positioning Egypt as a hub for Arabic-language AI innovation.
The 47th round of Egypt’s Start IT programme has selected eight startups across health-tech, education, logistics, fintech, and e-commerce. Each will receive EGP480,000 support, while the newly launched Start IT Perks platform provides discounted digital tools and services to enhance efficiency and scaling potential.
Raya Holding backs 10 standout startups in final FutureTECH accelerator with GIZ, offering mentorship, funding access, and real-world scale-up opportunities across mobility, AI, fintech, and clean tech.
Aria Ventures injects EGP 50M into Egypt’s Deep-Tech sector, combining capital and startup-building to fuel innovation in AI, biotech, IoT, and more.
The first edition of Invest-IT, a programme led by TIEC and ITIDA, showcased 15 Egyptian tech startups aiming to enhance investment readiness. In collaboration with Flat6Labs, it targets startups in the seed and pre-Series A stages, helping them secure funding and scale operations to drive sustainable growth.
Foundation Ventures, a Cairo-based venture capital firm, has secured the first close of its $25 million fund, “FVFII.” The fund will support startups in Egypt and Africa, focusing on driving innovation, regional expansion, and global competitiveness. Investors include the Egyptian American Enterprise Fund and MSMEDA.
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.