Egypt has launched the Invest-IT program, designed to prepare 15 startups for investment and foster innovation across sectors such as AI, fintech, proptech, and smart energy.

Targeting startups in the Seed and Pre-Series A stages, Invest-IT aims to drive sustainable economic growth through innovation.

The participating startups reflect Egypt's evolving innovation landscape, offering a diverse range of products from cybersecurity solutions to digital learning tools and smart home devices.

Hany Al-Sonbaty, a key figure in the initiative, emphasized the importance of integrated collaboration in entrepreneurship, focusing on mentorship and creating a lasting impact beyond mere funding.

The program is spearheaded by the Technology Innovation and Entrepreneurship Center (TIEC) in partnership with Flat6Labs, a leading venture capital firm in the MENA region.

Invest-IT aims to ignite a culture of innovation within universities and enhance access to funding through partnerships with the private sector.

The launch event featured prominent stakeholders, including Eng. Ahmed El-Zaher, CEO of ITIDA, and Hany Al-Sonbaty, founder of Flat6Labs, alongside other influential leaders in the tech ecosystem.

Invest-IT is structured in two phases: the first phase focuses on workshops and mentorship to strengthen business models, while the second phase connects startups with investors for funding opportunities.

Eng. Ahmed El-Zaher highlighted ITIDA's commitment to empowering startups and fostering a resilient technology ecosystem that nurtures innovation and prepares them for global competition.

The Seed Funding group includes startups like The White Guard (cybersecurity), Dragify (AI for finance), and KENNAH (proptech), while the Pre-Series A cohort features established companies such as Valify (digital identity verification) and Amanleek (insurtech).

The Pre-Series A cohort also includes Mrkoon, a waste management platform, showcasing the diverse range of innovative solutions being developed.