Egypt Launches Invest-IT to Support 15 Promising Tech Startups
Fifteen Egyptian tech startups unveiled their innovations during the launch of Invest-IT, a new national program led by the Technology Innovation and Entrepreneurship Center (TIEC). TIEC is affiliated with the Information Technology Industry Development Agency (ITIDA). The program is launched in collaboration with Flat6Labs, a leading early-stage venture capital firm in the MENA region.
Invest-IT is designed to support startups in the Seed and Pre-Series A stages. The goal is to boost investment readiness and help entrepreneurs across Egypt secure funding and grow their businesses. The program also aims to drive economic development through innovation.
The launch event gathered key stakeholders from Egypt's tech ecosystem. Among them were Eng. Ahmed El-Zaher, CEO of ITIDA, and Hany Al-Sonbaty, Founder of Flat6Labs. Also present were Dina El-Shenoufy, Chief Investment Officer at Flat6Labs, Lamiaa El Rashidy, Incubation Manager at TIEC, and the founders of the selected startups.
According to El-Zaher, Invest-IT marks a significant step in empowering startups to attract investment. He emphasized ITIDA's commitment to building a resilient tech ecosystem through education, infrastructure, and access to funding. Al-Sonbaty highlighted the importance of combining capital with mentorship and long-term support.
The selected startups cover a wide range of sectors, including AI, fintech, logistics, proptech, insurtech, and smart energy. This diversity reflects Egypt's growing innovation potential.
Startups in the Seed group include: The White Guard (cybersecurity and PPE)
Dragify (AI for financial services)
HNDL (logistics tech)
Turuq (packaging and shipping solutions)
Skoolix (digital learning tools)
KENNAH (proptech)
Atoms AI (semiconductor inspection)
PhotonSmart (smart energy devices)
The Pre-Series A group features: Valify (AI-based identity verification)
Mrkoon (waste management platform)
Qubefyn (AI data intelligence)
Venu (event venue booking)
Amanleek (insurtech solutions)
LyRise (enterprise AI)
Hoopoe Digital (location-based Wi-Fi services)
The Invest-IT program runs in two phases. In Phase One, startups join workshops and receive tailored mentorship. In Phase Two, they connect with potential investors through curated matchmaking opportunities.
Overall, Invest-IT aims to accelerate startup growth and strengthen Egypt's position as a regional innovation hub.
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