Egypt’s T-Vencubator launches new initiative to fund five local startups

• Egyptian venture capital incubator T-Vencubator launched its first initiative “Where is the Problem?” to support the Egyptian ecosystem.
• Founded in 2023 by Reem Safy, T-Vencubator aims to help entrepreneurs and projects overcome both financial and knowledge-based obstacles.
• The aim of the initiative is to invest in five local startups by 2025.

Press Release:

T-Vencubator, a leading Egyptian venture capital and incubator firm known for its focus on supporting innovation and technology, has launched its inaugural campaign under the slogan “Where is the Problem?”, marking a significant milestone in the Egyptian startup ecosystem. The initiative underscores the fund’s commitment to bridging the financing gap and providing essential expertise to aspiring entrepreneurs.

The campaign also serves as an open invitation to startups seeking investment and support to grow their businesses. The fund, which uniquely combines the concepts of venture capital funds and business incubators, aims to support Egyptian startups with innovative technological solutions capable of solving societal challenges.

T-Vencubator aims to help entrepreneurs and projects overcome financial and expertise obstacles. The fund provides a great opportunity for local startups to showcase their technology ideas, with the goal of investing in 5 Egyptian startups by 2025. The fund offers the combined benefits of venture capital and incubators to ensure their growth and success.

Reem Safy, Founder and CEO of T-Vencubator, highlighted the significance of the fund’s launch, noting that startups have become a vital part of the Egyptian economy. She stated, “T-Vencubator aims to bridge the gap between ideas and reality. We believe that technology is the solution to many of the challenges facing Egyptian society, and that Egyptian minds have the innovative ideas to solve these challenges. We don’t just invest in companies; we invest in exceptional talents that will shape Egypt’s future.”

T-Vencubator introduces an innovative approach to supporting entrepreneurs, combining venture capital with practical and knowledge-based support. This includes mentoring, guidance, technological infrastructure, human resources and an environment conducive to the development of innovative ideas.

Hazem El-Samra, Head of Growth and Marketing at T-Vencubator, explained that the fund represents a key shift in the way Egyptian startups are supported. He said: “I believe that the youth of this generation have a greater capacity to explore the world and have the technology to facilitate this exploration. They have the potential to transform Egypt’s technological landscape and bring it closer to a fully digital era.”

Egypt is among the top countries in the Middle East for startup funding, reflecting the size of the Egyptian market and the importance of having a local partner who provides financial support, mentoring, local insights, technological infrastructure and human resources necessary for success and innovation.

T-Vencubator invites all Egyptian startups with innovative technology ideas to submit their applications via the official website of the fund: https://www.tvencubator.com/join-us.

Entries will be assessed based on key criteria that focus on innovation and whether proposed solutions address real societal challenges.