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Egypt’s Information Technology Industry Development Agency (ITIDA) and venture capital firm Flat6Labs have launched the InvestIT programme, which offers Egyptian tech startups, particularly at the seed or pre-Series A stages, access to consultancy, tools, and investor connections to help them scale operations and enhance global competitiveness.
The programme, run by the Technology Innovation and Entrepreneurship Center (TIEC), a subsidiary of ITIDA, will support startups across various governorates, encouraging innovation and growth in Egypt’s digital economy. Through two phases, it will prepare startups for investment with tailored training sessions and workshops, followed by connecting them with local and international investors.
“The Egyptian government remains steadfast in its dedication to cultivating a thriving tech startup ecosystem. We are rolling out diverse initiatives to equip entrepreneurs with essential skills, attract global incubators, and facilitate connections between startups and investors. By establishing Digital Egypt innovation hubs nationwide, we empower innovators to transform their ideas into successful ventures. Alongside this, we are streamlining processes and investing in advanced digital infrastructure, positioning Egypt among the top three countries in the Middle East and Africa for tech startup investments,” said Dr Amr Talaat, Egypt’s minister of communications and information technology,
Flat6Labs founder and chairman Hany El Sonbaty said the launch of the InvestIT programme expanded his company’s support for Egyptian entrepreneurs.
“This programme is not just about preparing startups for investment; it’s about equipping them with the tools and connections to scale their impact. Through our collaboration with ITIDA and TIEC, we’re committed to building a strong, vibrant ecosystem where startups can make a real impact on the tech landscape in Egypt,” he said.
The programme is set to support 12 startups over six-to-eight months. Each startup will receive tailored consultancy services to enhance their investment readiness and assist with setting up data rooms and preparing for investor engagements.
Eligible startups must be at the seed or pre-Series A stage, with a scalable product or service, and have been operating for at least two years.