Careem, the region’s leading ride-hailing app, is bringing an innovative entrepreneurial format to the Techne Summit at Bibliotheca Alexandrina from September 30-October 1 with the Careem ‘Pitch and Sail’ competition. With the rising market of the sharing economy and on demand services, Careem is inviting established startups to pitch on a boat in front of regional and international investors.
Our unique ‘Pitch and Sail’ competition will give entrepreneurs the opportunity to showcase their talent for investors in a way they may have never imagined, said Ramy Kato, Careem Egypt Managing Director. In today’s sharing economy and ever-evolving on-demand services, what better way to demonstrate the best of both worlds than by providing a forum to share the skills, knowledge and passion of some of the country’s best and brightest startups. The Careem Pitch and Sail competition will get the entrepreneurs literally on deck to see if they can catch the wind in their sails as they chart the exciting waters of a startup company.
In addition to the Careem ‘Pitch and Sail’ competition, the company will also have a booth at the Summit and a representative from the company will speak at the event. Careem is a platinum sponsor of this year’s Techne Summit.
Careem, which began as a startup itself just five years ago, is a pioneer in the region’s ‘sharing economy’ phenomenon. Its mission is to make people’s lives simpler while creating millions of jobs in the markets where it operates. With a total of +250,000 Captains moving millions of people every day across the region, Careem supports economic growth and innovation across countries and in Egypt specifically, recently expanding its impressive footprint across Egypt, doubling its network from seven cities to 14 and steadily moving toward its target of employing 100,000 Captains in Egypt by end of 2017.
This is the second consecutive year Careem has participated in the Techne Summit, an international entrepreneurship technology event that first launched in Egypt in 2016, bringing together renowned global players in the technology industry from various countries. The event concept is built on the themes of technology, innovation and talent, with the two-day summit serving as a platform for startups, entrepreneurs, industry experts and global players to share experiences, wisdom, observations, predictions and opportunities.