Egyptian tech-focused Venture Capital (VC) firm T-Vencubator, has launched operations with the aim to support the growth of local startups in Egypt.
As the first Egyptian Tech Venture Capital and Incubator, T-Vencubator seeks to invest solely in Egyptian startups with a vision to digitize the nation and address the daily challenges faced by its citizens.
The VC firm offers ‘Vencubation’, a unique blend of Venture Capital and Incubation, dedicated to solving everyday challenges through tech-driven solutions.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Speaking on its launch, T-Vencubator CEO Reem Safy said,
“We believe that technology will solve a lot of Egypt’s problems. We’re not just putting money into startups, we are investing in exceptional talents that are shaping the future of Egypt”.
Also speaking, Head of Growth and Marketing in T-Vencubator Hazel El Samra said,
“The “T” in T-Vencubator signifies our core values, which are tomorrow, togetherness, technology, transformation, and talents. We are paving the way for a brighter and more progressive Egypt”.
T-Vencubator is dedicated to reshaping Egypt’s future by fostering local innovation and providing a platform for startups to thrive. The company’s mission is anchored in solving everyday problems through technology, leveraging its unique position as the first Egyptian Tech Vencubator while doing that in a unique style rooted in Egyptian culture.
The launch of T-Vencubator is in alignment with Egypt’s Ministry of Communications and Information Technology (MCIT) Vision 2030, on its digital transformation strategy, to build a Digital Egypt.
It is interesting to note that in the heart of Egypt, digitalization has taken off in recent years. There has been growing awareness and prioritization in the country, realizing the benefits resulting from the power of technology and innovation.
The government has formulated digital transformation frameworks within Vision 2030 and is moving towards digitalization across major regional industries. The government has also developed two key initiatives namely ICT Strategy 2030 and Digital Egypt, an all-encompassing plan to build the nation’s digital economy, to aid this digitalization drive.
With an increased rate of technological digital transformation in Egypt, it will bring about unprecedented opportunities to accelerate the achievement of all 17 SDGs.
Also, it will increase efficiency, productivity, competitiveness, promote innovation, allow delivering dynamic and responsive public services, and support informative decision-making through data-driven insights.
Egypt has in the past few years been gearing towards becoming a hub for entrepreneurship and innovation, thereby attracting local and foreign investors, accelerators, and incubators. The country’s quest for significant digital transformation, offers immense potential for economic growth, as well as for delivering social and public services more efficiently and inclusively.
When this is achieved, it will hold great promise for the country, thereby empowering its citizens to take advantage of technology and thrive in the digital age.