EdVentures: Egypt’s First Education-Technology Corporate Venture Capital
Nahdet Misr Publishing Group celebrated the launch of Egypt’s first Corporate Venture Capital specializing in Education Technology: EdVentures. The event was honored by the attendance of Dr. Khaled Abdel Ghaffar, Minister of Higher Education, Dr. Tarek Shawki, Minister of Education, Eng. Tarek Qabil, Minister of Industry & Trade, and Dr. Ali Moselhy, Minister of Supply.
Being the first of its kind in the MENA region, EdVentures accelerates, incubates and further invests in startups specializing in education and learning.
To ensure the development of successful enterprises, Nahdet Misr partnered with one of the most renowned entities in the field of entrepreneurship development: Academy of Scientific Research & Technology (ASRT) – as a key partner. Nahdet Misr also partnered with the USAID’s Strengthening Entrepreneurship and Enterprise Development (SEED) project.
Dalia Ibrahim, CEO of Nahdet Misr Publishing House clarifies the reason underlying the establishment of Ed.Ventures saying “ Nahdet Misr, being committed to playing a leading role in the development of the educational sector in Egypt and the Arab World for the past 80 years, has long recognized the existing education challenges and resolutely believes that the journey to reform starts by creating a sustainable ecosystem incorporating all the main stakeholders involved in the educational sector: parents, students, graduates, academic institutions, investors, government and entrepreneurs. That is how the idea of EdVentures originated.” She added that EdVentures’ main goal is to contribute to the enhancement of the education sector through technological advancements and the launch of innovative products.
From his side, Dr. Mahmoud Sakr, President of the ASRT emphasizes on the importance of supporting young entrepreneurs being an indispensable factor of growth in today’s economies worldwide. He adds that the ASRT has been helping startups through its program “INTILAC” providing them with technical, financial and logistics support and it will continue this support through EdVentures.
Moreover, SEED project, is committed to offering technical support and know-how for EdVentures.
EdVentures will offer all the necessary services to support young entrepreneurs starting from analyzing their customers’ needs and market landscape, planning execution and delivering solutions to their target customers with a strategy in place for monitoring and evaluation. This would be followed by further investment to ignite growth and expansion.
By doing so, EdVentures would be offering entrepreneurs a second-to-none environment to grow and at the same time strengthen a significant driver for Egypt’s sustainable development.