RFP - Invest IT Program
31 March 2024
19 May 2024

Invest IT is an investment-readiness support program for seed/early-stage ICT-enabled startups registered in Egypt. It is designed to prepare startups to receive funding and to coach and provide technical assistance to them until they successfully close investment deals.

The objective of Invest IT program is to:

  1. Provide a comprehensive set of investment-readiness support services to twelve Egyptian startups to overcome the constraints of receiving investment through a mix of customized one-to-one mentoring and coaching sessions (investment readiness/preparation dimension). Thereby, enlarging the size and quality of the pipeline of potential funding opportunities, whether from local or international investors, and increasing the likelihood of new equity investments being made.
  2. Match the startups with high potential angel/VC/CVC investors, and work with them on closing investment deals including finalizing all needed contracting documents (investor engagement and capital raising dimension).

Invest IT will be implemented through an external contractor. In addition to other requirements, the contractor must have a network of highly qualified in-house or contracted experts who can provide customized coaching and technical guidance to selected startups that address issues of investment- readiness and capital raising. The contractor should also have a diversified, large network of investors (local and international) in addition to previous experience in implementing similar programs and a track record of successfully supporting startups in raising funds.

TIEC encourages consultancy firms, companies with experienced practitioners who have close familiarity with the requirements and expectations of business angels and early-stage investors to apply. To prevent potential conflicts of interest a formal separation is required between Invest IT Program and the contractor's funding process if any.

Please use the downloadable document TIEC- InvestIT-RFP-April2024 to access the RFP.


-Application Deadline: Sunday, May 19, 2024

-Application must be submitted via email to Mr. Haytham Sherif, hismaeil@tiec.gov.eg copying Eng. Ahmed Adel, (ahmed.adel@tiec.gov.eg) by 12:00 PM on Sunday, May 19, 2024 (Cairo Local Time). The email should bear the following subject heading, "RFP for Invest IT - (insert your entity’s name)".

- The applicant is responsible for ensuring that the application is complete, accurate, and submitted before the deadline.

Note: InvestIT pre-proposal conference: Monday, April 22, 2024, at 12.00 PM through Zoom Meeting.
Zoom Meeting : https://tiec-gov-eg.zoom.us/j/81346796352?pwd=Sdad5aUtDWoz8ztORyd1f5AdcR3PKA.1

Meeting ID: 813 4679 6352
Passcode: 036824