- The innovation division of Raya Holding, Egypt’s Raya FutureTECH, has wrapped up its first accelerator program in association with GIZ.
- The first cohort of thirteen startups—Arazak Masr, Cultivaet, Accounting Club, Meta Egypt, BUS14, Credify, Jadeed, Wfrley, PlanQ, Tatbeek, The Holiday Homes Service Co., H.E Rental, and WhereApp—graduated during the Demo Day in Cairo.
- The winning entries will go on to receive funding and support to refine their solutions.
The innovation division of Raya Holding, Raya FutureTECH, wrapped up its inaugural accelerator program with a motivating Demo Day at the Edge Innovation Center. Thirteen tech startups were featured at the event, showcasing their amazing growth and creative solutions for a range of industries, including real estate, transportation, agriculture, and finance.
With Raya Holding’s Director of Strategy and Partnerships, Nanis Elessaily, expressing her excitement, said, “We are eager to support them grow as we believe startups have become an integral part of the economy, banking on Raya’s 25 years of experience in various sectors.“
“GIZ, through our develoPPP for Jobs Funding Instrument, is always keen to build successful partnerships with the private sector to improve training and employment in emerging economies,” said Sameh Hammad, Head of Project, DV at GIZ Egypt. It was amazing to observe how startups in developing industries changed over the course of the Innovety-implemented acceleration program, demonstrating a strong dedication to innovation and expansion, in our collaboration with Raya FutureTECH. We are excited to see how successful they become in the future.”
In her insights, Clara Samman, Senior Program Officer at Raya FutureTECH, said, “The goal of this program was to give the founders the tools, support, and guidance they need to succeed.” We have given them the resources they need to succeed through workshops, one-on-one conversations with Raya experts, and connections to our network. We at Raya FutureTECH place a great emphasis on networking and partnership development, so I was pleased to see that the startups had the opportunity to discuss possible collaborations not just with other Raya business lines but also with one another during this journey.
Startups Overview:
- Arzaq Masr: We are an agricultural technology company whose mission is to digitalize Egypt’s poultry market by means of an intelligent mobile application. Our aim is to fully satisfy the technological and financial demands of breeders while offering reliable, dependable, and traceable sources of production inputs (the first farm management platform).
- Cultivaet: This platform is for the development of smallholder farmers. In order to give our food growers easy-to-use tools that encourage them to adopt profitable and sustainable farming practices, we digitize knowledge and information accessibility.
- Accounting Club: An ERP system, training, workshops, archiving services, and other logistics services for the finance departments of businesses are all offered by this B2B marketplace that specializes in accounting and finance services.
- Meta Egypt: Using VR technology to revolutionize real estate exploration, Meta Egypt provides immersive 3D property experiences that remove physical barriers and enable everyone to view properties.
- BUS14: An app for transportation created to give Egyptian schoolchildren convenient, economical, and safe travel options.
- Credify: An embedded finance and consumer insights platform driven by AI. By leveraging alternative data and digital footprint, they assist digital lenders in selling more loans and financial products with lower credit risk. Through their e-commerce embedded finance platform, they also assist the end-user in obtaining financing when needed.
- Jadeed: A young business offering green energy alternatives that cut carbon dioxide emissions and fuel usage. The Green Turbo hydrogen cell’s novel design allows it to transform water into hydrogen gas.
- Wfrley: a dynamic super app and SaaS solution designed to simplify the delivery process from a large network of nearby supermarkets, pharmacies, and shops, revolutionizing the retail landscape in underserved areas outside of Cairo.
- PlanQ: An organization devoted to the study, creation, manufacturing, and marketing of innovative electronic and digital communication goods. Their cutting-edge solutions, which provide dependable, high-quality technology for both personal and business use, are revolutionizing how people connect and communicate.
- Tatbeek: An Egyptian ICT company that uses cutting-edge technology to reduce production waste and increase manufacturers’ efficiency both domestically and internationally.
- The Holiday Homes Service Co.: Provides excellent property management services tailored to the vacation rental industry.
- H.E Rental: An online multi-vendor one-stop shop that links producers of heavy machinery with businesses looking to rent it.
- WhereApp: An innovative transportation app that is revolutionizing the industry. By matching you with dependable and courteous drivers, the platform makes sure your trip is easy, convenient, and stress-free.
The winners of the Demo Day were announced, and they will now get extra funding and support to continue developing their ground-breaking ideas.
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