500 Global in Egypt announces scale up program’s first batch and showcase event

500 Global, one of the world’s most active venture capital firms, and The Egyptian Information Technology Industry Development Agency (ITIDA) announced Batch 1 of the 500 Global in Egypt Scale Up Program. The Scale Up Program is a 7-week program dedicated to Pre-Series A and Series A startups in Egypt. Designed to empower founders through personalised mentorship and growth techniques, the program sets the stage for their future success. On November 16th, The Scale Up Showcase will celebrate the progress of founders and their companies including Fintech, Martech, Real Estate, Logistics/Supply Chain and more. The event will offer presentations and discussions for an audience of key industry stakeholders and ecosystem partners.

"Despite a challenging global and local macroeconomic backdrop, we found Egyptian founders proving that Egypt remains a thriving technology market in the Middle East and Africa. This was evident in the highly competitive process for the Scale Up program where we met stellar caliber continuing to build resilient and healthy companies with enormous potential. We aim to provide a nourishing environment for the selected leaders to sustainably grow and scale their reach. The program brings to Cairo seasoned mentors, investors and exports to equip the founders with needed learnings and support on their growth trajectory,” said Amal Enan, Partner at 500 Global. "With this program, our goal is to develop talent in the region even further for local startups to achieve greater scale, expand in their respective regions, and bring their unique concepts and technologies to consumers and enterprises globally. We're grateful for ITIDA's continued partnership in developing Egypt's startup ecosystem."