ITIDA Partners with ‘ The Next Web ’ to Host ‘Hangout with VCs’ Matchmaking Event with Egyptian Tech Startups The Information Technology Industry Development Agency (ITIDA) hosts the ‘Hangout with VCs’
event, on the 8th of April, 2021, to match ready-to-fund Egyptian startups with investors an
venture capital funds (VCs)
The remarkable event is brought by ‘The Next Web’; a Financial Times company, focused on new
technology and startups, with its well-established global network of investors and V
Featuring a line-up of speakers and global investors and pre-selected ready-to-fund startups, the event
offers the participants the highest possibility of success through its unique and compelling format
combining content, competition elements, pitches, and follow-up meetings between investors and
startups, all facilitated virtually
The virtual event is the first of its kind in MEA region for TNW, and comes in collaboration with ITIDA
and TIEC to unlock the Egyptian startups ecosystem potentials and highlight the boom it’s witnessing, in
addition to avail a unique opportunity for Egyptian innovative startups in the ICT sector to Interact with
and pitch their ideas to VCs
Having recently ranked high in reports from Gartner, Startup Genome and Deloitte, Egypt’s startup
ecosystem is thriving like never and embracing a new generation of entrepreneurs with globally
competitive technological solutions. The country has recorded the largest number of investment deals in
technology startups amounting to 24% of the total number of transactions in Africa in 2020
Capitalizing on this momentum, ITIDA Partners with ‘ The Next Web ’ is working with a global
consultancy firm to articulate a comprehensive strategy to leverage the startup sector in Egypt, and to
establish an integrated system for tech innovation, with the aim of cultivating the entrepreneurial
ecosystem and helping attract more venture capital funds