The InvestIT program, a joint effort between Egypt’s ITIDA and venture capital firm Flat6Labs, provides Egyptian tech startups—especially those in the seed or pre-Series A stages—with access to advisory services, resources, and investor connections in an effort to help them scale their operations and become more competitive on a global scale.
The program will assist entrepreneurs in different governorates and promote innovation and expansion in Egypt’s digital economy. It is administered by the Technology Innovation and Entrepreneurship Centre (TIEC), a division of ITIDA. It would connect companies with domestic and foreign investors after preparing them for investment through customised training sessions and workshops.
“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.
Hany El Sonbaty, the founder and chairman of Flat6Labs, stated that the launch of the InvestIT program increased the company’s support for Egyptian business owners.
“This program 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,” Sonbaty said.
Over the course of six to eight months, the program is expected to support 12 entrepreneurs. To improve their investment preparedness and help with data room setup and investor engagement, each firm will receive customised consulting services.
Startups that meet the eligibility requirements must have a scalable product or service, be in the seed or pre-Series A stage, and have been in business for at least two years.
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