The U.S. Embassy in Cairo, in collaboration with the AUC Venture Lab at the American University in Cairo’s School of Business, has announced Untap and Tijara Hub as the winners of its annual SelectUSA Tech pitch competition. The event saw 16 of Egypt’s most promising tech entrepreneurs present their ventures to a panel of industry experts.
Along with the two winners, the judging panel awarded special recognition to startups Hiroy and Plan Q for their innovative solutions.
A Gateway to the US Market
The pitch competition serves as a significant platform for Egyptian entrepreneurs, providing them with invaluable exposure and experience. This year’s esteemed judging panel included experts from business financing firms, angel investor groups, and entrepreneurship foundations including Entreprenelle, alongside representatives from AUC Venture Lab and the U.S. Embassy in Cairo.
The event showcases the U.S. commitment to supporting technology-driven startups from around the world that are looking to expand into the American market, highlighting the country’s leadership in advanced technologies.
Winners Set for Global Investment Summit
As winners, Untap and Tijara Hub will represent Egypt on the SelectUSA Tech platform at the global SelectUSA Investment Summit. The summit is scheduled to take place from May 3-6 in National Harbor, Maryland. They will be joined by other Egyptian startups who choose to register and self-fund their participation.
“I am so impressed by the Egyptian entrepreneurs who pitched in this year’s competition,” said Evyenia Sidereas, U.S. Embassy in Cairo Chargé d’Affaires, during the ceremony. “These companies have the potential to make a transformative and tangible impact.”
She added, “We hope that bringing together talented Egyptian innovators with the United States’ cutting-edge technology sector will generate significant economic gains for both our countries.”
About SelectUSA Tech
SelectUSA Tech is a focused initiative within the broader SelectUSA program, which is managed by the U.S. Department of Commerce. It offers international startups direct access to American investors, market entry guidance, and extensive networking opportunities.
To be eligible, startups must be based outside the United States, be developing an innovative tech product or service, and be seeking near-term expansion into the U.S. market. The program targets early-stage companies that are less than ten years old, have fewer than 40 employees, and generate under $10 million in revenue.
Source: twaslnews
