The meeting included Tarek Asaad, co-founder of Algebra Ventures, to discuss financing the member companies of the division through Algebra’s fund. Hassan said that the division is focusing on all members, especially startups that need finances or support, whether cash support or moral support, represented in consulting, marketing, and methods to reach the target markets. Algebra Ventures specialises in pumping investments to technological startups, which enjoy high added value. The company is preparing to start pumping investments into the Egyptian companies during 2017. This comes in light of the instructions of Minister of Communications and Information Technology Yasser El-Qadi to support startups and entrepreneurs and resolve their problems, following the success of the companies that took part in the Las Vegas exhibition.

Source: Daily News Egypt March 25, 2017 15:56 UTC