Cairo, Egypt, April 2, 2021 - The Information Technology Industry Development Agency (ITIDA) hosts the ‘Hangout with VCs’ event, on the 8th of April, 2021, to match ready-to-fund Egyptian startups with investors and venture capital funds (VCs).
The remarkable event is brought by ‘The Next Web’; a Financial Times company, focused on new technology and startups, with its well-established global network of investors and VCs.
Featuring a line-up of speakers and global investors and pre-selected ready-to-fund startups, the event offers the participants the highest possibility of success through its unique and compelling format, combining content, competition elements, pitches, and follow-up meetings between investors and startups, all facilitated virtually.
The virtual event is the first of its kind in MEA region for TNW, and comes in collaboration with ITIDA and TIEC to unlock the Egyptian startups ecosystem potentials and highlight the boom it’s witnessing, in addition to avail a unique opportunity for Egyptian innovative startups in the ICT sector to Interact with and pitch their ideas to VCs.
Having recently ranked high in reports from Gartner, Startup Genome and Deloitte, Egypt’s startup ecosystem is thriving like never and embracing a new generation of entrepreneurs with globally competitive technological solutions. The country has recorded the largest number of investment deals in technology startups amounting to 24% of the total number of transactions in Africa in 2020.
Capitalizing on this momentum, ITIDA is working with a global consultancy firm on comprehensive strategy to leverage the startup sector in Egypt, and to establish an integrated system for tech innovation, with the aim of cultivating the entrepreneurial ecosystem and helping attract more venture capital funds.