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Zilla Capital Latest Flash Note MENA Tech Startups: An Era of Opportunities “Looking ahead, startups are inherently driven to environments where they can find ample funding and robust support systems. Given the current landscape, Saudi Arabia stands out as a prime destination for startups in the near future due to its increased investment in innovation and entrepreneurship. This trend is likely to continue unless other regional players, such as the UAE or Egypt, implement strategic initiatives to enhance their attractiveness to startups. These measures could include offering competitive funding opportunities, creating startup-friendly policies, and building stronger support networks. Without such efforts, Saudi Arabia is set to lead the region in becoming the hub for entrepreneurial activity.” #economics #startups #mena #zillacapital

The UAE topped the GCC countries as the leading incubator for startups, with over 5,600 startup registrations across the country by the second quarter of 2024. The UAE has also emerged as the leading region in the fintech startup sector, with over 550 companies currently operating in this field.   James S., Commercial Director at Sovereign PPG commented: "The UAE remains as the top destination for startups, particularly in the tech industry, thanks to its strategic location and supportive business environment. With growth across numerous sectors, and business incubators on-hand to provide crucial support, the Emirates provides an ever-attractive opportunity to these budding entrepreneurial and innovative businesses and individuals."   Read more: https://lnkd.in/dp4w8fvU #SovereignGroup #SovereignMENA #UAE #Dubai #AbuDhabi #Sharjah #Fintech #Startups

🚀 List of Incubators and Accelerators in Egypt Egypt has seen a surge in support for startups through various accelerators and incubators, each offering unique programs to foster innovation and entrepreneurship. Below is a list of the most notable organizations aiding early-stage businesses nationwide: - AAST Entrepreneurship Center, led by Wael Eldesouki Bedda - Athar Accelerator, led by Shoaib El Qady - AUC Venture Lab, led by Ayman Ismail - Changelabs, led Karim S. - DMZ Cairo, led by Abdullah Snobar - Ebni - Xcelerise, led by Amr El Abd - Falak Startups, led by Ahmed Hazem Dakroury - FEPS Business Incubator - FinTech Egypt - Flat6Labs Programs, led by Yehia Houry - Gemini Africa, led by Adly Wagih Thoma, MSc, MPM, PMP - GESR, led by Mohamed Abbas, Ph.D. MOT - HU-ECSI, led by Menna Mohamed - ICEALEX, led by Ahmed Bastawy - INJAZ Egypt, led by Yasmine Wilson - Innovation Hub - IHub - MINT Incubator - MSMEDA, led by Bassel Rahmy - Nahdet El Mahrousa, led by Jackie Kameel - Nilepreneurs, led by Heba Labib - NU Techspace - Pmaestro, led by Mohammed Mounir El-Ahwal - Raya Future Tech, led by Clara Samman - RWAQ Business Incubator, led by Prof.Dr.-Ing. Mohamed Galal - Space Startup Hub - Startup Haus Cairo (Enpact), led by Rawan Bassam - Startups of Alex (By ICEALEX) - Tvencubator, led by Reem Safy - TEQDAR, led by Mohamed ElSabban - The British university in Egypt-Business Incubator, led by Merihan Yanni - TIEC, led by Lamiaa El Rashidy This overview captures the essence of Egypt's vibrant startup ecosystem, showcasing the diverse range of accelerators and incubators dedicated to fostering innovation and entrepreneurship across the nation. 📧 If you want to know more about each incubator/accelerator, check out our article in Startup Researcher Africa, and don't forget to subscribe to our newsletter. #Startups #egypt #incubator #accelerator

🚀 List of Incubators and Accelerators in Egypt 🇪🇬 Thanks for sharing this Yassin EL HARDOUZ 🙏🏽 #Egypt #Accelerator #Incubator #Founders #Startups

Egypt’s startup ecosystem is thriving with a diverse array of incubators and accelerators, offering crucial support for early-stage ventures across various sectors. The comprehensive list shared here highlights the amazing efforts of these programs in driving innovation and empowering entrepreneurs. It’s invaluable to see such resources compiled for anyone passionate about business growth and impact in Egypt. #Startups #Egypt #Entrepreneurship #Innovation #Incubators #Accelerators #Sustainability #FinTech #TechStartups #BusinessGrowth #Mentorship #VentureLab #Impact

African Tech Startup Funding Sees A Decline of Over 45% in Q1 of 2024 In a recent report, funding for African tech startups in the first quarter (Q1) of 2024, plummeted by more than 45%, amounting to $466 million. Read more👇 #startupfunding #Africanstartups #startups #fundingdecline https://lnkd.in/dFYgugr4

🚀 Spotlight on Morocco's Startup Ecosystem! As GITEX AFRICA unfolds this week, we’re turning our attention to Morocco, the proud host of this event. Join us as we explore the dynamic and rapidly growing startup scene in the country. 💵 Funding Highlights - 2021: $29 million invested across 22 deals - 2022: $31.5 million invested across 26 deals - 2023: $34.5 million invested across 43 deals 💰 Biggest Funding Rounds Morocco saw all its largest funding rounds in 2021: - Mubawab: Co-founded by Kevin Gormand and Toni Puig, raised $10 million from EPMG. - inyad: Founded by Moncef Chlouchi, secured $8 million from national and international investors including Partech Africa, CDG, LocalGlobe, FJ Labs, and VentureSouq... - Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa: Founded by Ismael Belkhayat and Sophia Alj, raised $5 million seed round co-led by Rocket Internet, Global Founders Capital, and P1 Ventures. - Freterium: Founded by Mehdi Cherif Alami and Omar El Kouhene, raised a $4 million Pre-series A round led by Partech. 🤑 Notable Exits - In 2022, Autochek acquired Kifal Auto (Autochek Groupe Maroc), an automotive tech company founded by Nizar ABDALLAOUI MAANE. - DabaDoc, a health tech platform connecting patients to doctors, founded by Zineb Drissi Kaitouni, was acquired by Orange and AXA in 2021. - WaystoCap, the first Moroccan company to join YC, founded by Niama El Bassunie, CFA, Anis Abdeddine, and Aziz JAOUHARI, was acquired by MaxAb in 2021. - Sle3ti, a B2B platform connecting small groceries to FMCG suppliers and distributors, founded by Ayoub HARIJ, was acquired by Cash Plus last year. 🔍 Key Developments in 2024 - TAMWILCOM announced the list of incubators and accelerators for its Innov Invest funds program. - Fonds Mohammed VI pour l'Investissement, CDG Capital, and the Ministère de la Transition Numérique et de la Réforme de l'Administration have partnered to launch the "Morocco Startup Offer," aimed at supporting and financing startups across the kingdom. They have jointly issued a call for applications from firms to manage these funds. Stay tuned for more updates as we continue to showcase Morocco's innovation and entrepreneurial spirit throughout the week! 📧 Subscribe to Startup Researcher Africa for more insights on Startups and VC in the continent. #GitexAfrica #Moroccotech #morocco #moroccanstartups

Qatar has been making significant strides in recent years to position itself as a thriving central hub for startups in the Middle East. With a host of new events, initiatives, programmes, and reductions in cost, Qatar's evolving market is aiming to promote entrepreneurial growth, and it is rapidly emerging as a preferred destination for startups that are looking to establish and expand their business in the region. Qatar has also witnessed growth in a number of areas, platforms, and entities such as labs and research institutions, educational centres, events, consultancies, and other industry associations. This highlights the country's dedication to be supporting startups across various sectors. New initiatives and incubators - such as the recently unveiled Startup Qatar Investment Program, powered by Qatar Development Bank (QDB), which aims to attract tech startups through providing financial support and other resources to startups involved in technological developments- are encouraging the innovation and growth of startups within the local ecosystem. Read the full article in the link below: https://lnkd.in/durPxfFY #ProPartnergroup #uaebusiness #entrepreneur #qatarstartup #startups #growth #innovation #incubators #Qatar #Investment #BusinessSetup #CompanyFormation #PRO #PROServices #VenturePartnerQatar #VPQ

Qatar has made significant progress in recent years to establish itself as a thriving hub for startups in the Middle East. With numerous new events, initiatives, programmes, and cost reductions, Qatar's evolving market aims to promote entrepreneurial growth, quickly becoming a preferred destination for startups looking to establish and expand their businesses in the region. The country has also seen growth in various areas, including labs and research institutions, educational centres, events, consultancies, and industry associations, demonstrating its commitment to supporting startups across different sectors. New initiatives and incubators, such as the recently launched Startup Qatar Investment Programme powered by Qatar Development Bank (QDB), aim to attract tech startups by providing financial support and other resources, fostering innovation and growth within the local ecosystem. Read the full article in the link below: https://lnkd.in/durPxfFY #TheSovereignGroup #Sovereign #SovereignGroup #uaebusiness #entrepreneur #qatarstartup #startups #growth #innovation #incubators

stc Bahrain, a world-class digital enabler, has announced its collaboration with inspireU from stc to bring the successful and long-running inspireU accelerator general program to Bahrain. This program led by the stc Group, offers local startups and entrepreneurs a unique opportunity to be part of a transformative program designed to support and empower the entrepreneurial ecosystem in the Kingdom. The inspireU accelerator, focused on ICT and digital innovation, aims to catalyze economic growth, innovation, and job creation. Through this collaboration, stc Bahrain continues to take forward its commitment to contributing to Bahrain’s vision 2030 and supporting startups, thereby accelerating economic and digital transformation. Initially launched in KSA by the stc Group in 2015, inspireU is the company’s first corporate incubator/accelerator to promote, support and develop entrepreneurship and startups that focuses on ICT/digital innovation. With its presence expanded to Kuwait in 2023, the accelerator to date has supported more than 110 digital start-ups with investments exceeding 1 Billion SAR. Over 50 million users have benefited from inspireU's entrepreneurial start-ups, creating more than 660,000 job opportunities within the digital and sharing economy. Furthermore, the market value of investments and financial transactions for the products and services of the start-ups incubated by inspireU has reached over 15 Billion SAR. Read More... https://lnkd.in/dU-JAcrZ