Egypt’s Raya FutureTECH Kicks Off 3rd Accelerator Cycle with GIZ

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Raya FutureTECH, in partnership with the German development agency GIZ, has officially kicked off the bootcamp for the third cycle of its startup accelerator program. The launch welcomes the program’s three winning startups: Tayar, Mezatech, and For Wheelz.

Welcoming the New Cohort

The third cycle of the program welcomes a diverse group of innovative Egyptian startups:

  • Tayar: A startup focused on logistics and delivery solutions.
  • Mezatech: A company developing technology for the agricultural sector.
  • For Wheelz: A platform innovating within the automotive and mobility space.

An Intensive Program for Growth

The new cohort has now begun an intensive journey where they will gain expert-led insights and hands-on mentorship to help them scale their businesses to the next level. The program curriculum is designed to cover critical topics, including fundraising strategies and financial modeling.

A Partnership for Impact

This program is a key part of the develoPPP funding program, which GIZ implements on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). Through the support of Raya FutureTECH and GIZ, the Egyptian innovation management firm Innovety is responsible for designing and implementing the program cycles, helping startups increase their chances of market success and their ability to access investment.

About the Partners

  • Raya FutureTECH: The deep-tech and venture building arm of Raya Holding, a major Egyptian investment conglomerate.
  • GIZ: The German Agency for International Cooperation, which supports sustainable development initiatives worldwide.
  • Innovety: A leading innovation management company in Egypt that helps organizations build their innovation capabilities.

Looking Ahead

With the bootcamp now underway, the focus will be on preparing these three promising startups for growth, impact, and investment success. Their journey will be a key indicator of the continued dynamism of the Egyptian startup ecosystem.

Source: Raya FutureTECH

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