“Very thrilled to be at RiseUp Summit…a vibrant atmosphere of promising entrepreneurs,” Sawiris commented through his twitter account.In a trend this year, corporations have announced several programs for entrepreneurs. Dubai-headquartered investor The Abraaj Group launched an investment and ecosystem building platform called “Bakery” to provide entrepreneurs with an ability to build scalable solutions.Human siri application, Elves, was also able to seed over $2 million in investment, to mark the largest seed in the region, from Emaar Industries & Investments, The Dubai Angels, the Kauffman Fellows Syndicate and other global firms.“We’re excited to get this funding from Emaar and the rest of our investors. Their investment –coupled with rapid adoption and our plans around marketing and product development– is a strong endorsement of our vision,” said Ahmed Kassem, Partner and CBO of Elves.More programs were announced as well. PepsiCo launched an entrepreneurship program called “Snacks Innovation Challenge” to grow seed and help early stage startups in the food and beverage industry.The program will provide mentorship, expertise, exposure and training to startups in Egypt, in addition to technical assistance.Leading local publisher Nahdet Misr Group also announced an investment fund for education technology entrepreneurs under the name of “EdVentures”.RiseUp Summit partnered this year with venture capital Algebra Ventures, university-based accelerator and incubator, AUC Venture Lab, and entrepreneurial investment company, A15. This is in addition to MENA’s leading entrepreneurship platform Wamda, e-hailing service applications, Uber and Careem, and the British Council.

Source: Egypt Today December 03, 2017 16:52 UTC