{"id":94614,"date":"2025-04-17T14:08:09","date_gmt":"2025-04-17T10:08:09","guid":{"rendered":"https:\/\/techxmedia.com\/en\/?p=94614"},"modified":"2025-04-17T14:08:10","modified_gmt":"2025-04-17T10:08:10","slug":"egypt-launches-invest-it-to-support-15-promising-tech-startups","status":"publish","type":"post","link":"https:\/\/techxmedia.com\/en\/egypt-launches-invest-it-to-support-15-promising-tech-startups\/","title":{"rendered":"Egypt Launches Invest-IT to Support 15 Promising Tech Startups"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Fifteen Egyptian tech startups unveiled their innovations during the launch of Invest-IT, a new national program led by the Technology Innovation and Entrepreneurship Center (TIEC). TIEC is affiliated with the <a href=\"https:\/\/itida.gov.eg\/English\/Pages\/default.aspx\">Information Technology Industry Development Agency (ITIDA)<\/a>. The program is launched in collaboration with Flat6Labs, a leading early-stage venture capital firm in the MENA region.<\/p>\n\n\n\n<p>Invest-IT is designed to support startups in the Seed and Pre-Series A stages. The goal is to boost investment readiness and help entrepreneurs across Egypt secure funding and grow their businesses. The program also aims to drive economic development through innovation.<\/p>\n\n\n\n<p>The launch event gathered key stakeholders from Egypt\u2019s tech ecosystem. Among them were Eng. Ahmed El-Zaher, CEO of ITIDA, and Hany Al-Sonbaty, Founder of Flat6Labs. Also present were Dina El-Shenoufy, Chief Investment Officer at Flat6Labs, Lamiaa El Rashidy, Incubation Manager at TIEC, and the founders of the selected startups.<\/p>\n\n\n\n<p>According to El-Zaher, Invest-IT marks a significant step in empowering startups to attract investment. He emphasized ITIDA\u2019s commitment to building a resilient tech ecosystem through education, infrastructure, and access to funding. Al-Sonbaty highlighted the importance of combining capital with mentorship and long-term support.<\/p>\n\n\n\n<p>The selected startups cover a wide range of sectors, including AI, fintech, logistics, proptech, insurtech, and smart energy. This diversity reflects Egypt\u2019s growing innovation potential.<\/p>\n\n\n\n<p>Startups in the Seed group include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The White Guard (cybersecurity and PPE)<\/li>\n\n\n\n<li>Dragify (AI for financial services)<\/li>\n\n\n\n<li>HNDL (logistics tech)<\/li>\n\n\n\n<li>Turuq (packaging and shipping solutions)<\/li>\n\n\n\n<li>Skoolix (digital learning tools)<\/li>\n\n\n\n<li>KENNAH (proptech)<\/li>\n\n\n\n<li>Atoms AI (semiconductor inspection)<\/li>\n\n\n\n<li>PhotonSmart (smart energy devices)<\/li>\n<\/ul>\n\n\n\n<p>The Pre-Series A group features:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Valify (AI-based identity verification)<\/li>\n\n\n\n<li>Mrkoon (waste management platform)<\/li>\n\n\n\n<li>Qubefyn (AI data intelligence)<\/li>\n\n\n\n<li>Venu (event venue booking)<\/li>\n\n\n\n<li>Amanleek (insurtech solutions)<\/li>\n\n\n\n<li>LyRise (enterprise AI)<\/li>\n\n\n\n<li>Hoopoe Digital (location-based Wi-Fi services)<\/li>\n<\/ul>\n\n\n\n<p>The Invest-IT program runs in two phases. In Phase One, startups join workshops and receive tailored mentorship. In Phase Two, they connect with potential investors through curated matchmaking opportunities.<\/p>\n\n\n\n<p>Overall, Invest-IT aims to accelerate startup growth and strengthen Egypt\u2019s position as a regional innovation hub.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fifteen Egyptian tech startups unveiled their innovations during the launch [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":94615,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[26],"tags":[411],"contributor":[9732],"class_list":["post-94614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-egypt-2","contributor-news-desk"],"featured_image_src":"https:\/\/techxmedia.com\/en\/wp-content\/uploads\/2025\/04\/ITIDA-10.jpg","author_info":{"display_name":"M","author_link":"https:\/\/techxmedia.com\/en\/author\/muhsin_tech\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts\/94614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/comments?post=94614"}],"version-history":[{"count":0,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts\/94614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/media\/94615"}],"wp:attachment":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/media?parent=94614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/categories?post=94614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/tags?post=94614"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/contributor?post=94614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}