Egypt
ITIDA, Plug and Play support 61 Upper Egypt startups, unlock $3.7M in funding: The Information Technology Industry Development Agency (ITIDA), in partnership with Plug and Play, has successfully concluded the Aswan Bootcamp Series, supporting 61 startups across Upper Egypt and enabling participating companies to secure a combined $3.7 million in investments.
Launched in November 2024 in collaboration with the United States Agency for International Development, the programme was designed to foster entrepreneurship beyond Cairo by equipping early-stage startups with technical training, mentorship, and access to industry networks. Despite the suspension of external funding, ITIDA ensured the programme’s continuity by stepping in as the sole funder.
The bootcamp followed an intensive model combining hands-on training with expert guidance, helping startups refine their business models, strengthen product-market fit, and prepare for fundraising. The results are already evident, with participating companies securing $3.7 million in investments, signalling growing momentum in Upper Egypt’s startup ecosystem.
Looking ahead, ITIDA plans to expand similar initiatives to the Nile Delta as part of a broader strategy to decentralise innovation and create a more geographically inclusive technology ecosystem. The initiative aligns with Egypt’s long-term vision of enabling startups to emerge and scale from across the country, rather than being concentrated in major urban centres.
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