{"id":557578,"date":"2021-09-23T03:52:57","date_gmt":"2021-09-23T03:52:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/silicon-valley-based-plug-and-play-to-invest-in-egypts-startup-ecosystem\/"},"modified":"2021-09-23T03:52:57","modified_gmt":"2021-09-23T03:52:57","slug":"silicon-valley-based-plug-and-play-to-invest-in-egypts-startup-ecosystem","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/silicon-valley-based-plug-and-play-to-invest-in-egypts-startup-ecosystem\/","title":{"rendered":"Silicon Valley-based Plug and Play to invest in Egypt\u2019s startup ecosystem"},"content":{"rendered":"

Plug and Play to partner with ITIDA to develop Egyptian startups: <\/strong>Silicon Valley-based early-stage investor and accelerator Plug and Play<\/a> will launch a new startup accelerator and an incubator in Egypt in partnership with the Information Technology Industry Development Agency (ITIDA), the Communications Ministry said in a statement<\/a> yesterday. Under the three-year agreement signed yesterday, Plug and Play will launch a new accelerator program that will run two cycles each year, targeting a total of 60 companies. The incubator will provide support to 60 early-stage startups each year split into two cycles. These will be run by a new company to be set up in Cairo by Plug and Play and ITIDA.<\/p>\n

The program aims to help its startups attract USD 20 mn in investments<\/strong> over the three-year period, in addition to creating at least 500 jobs.<\/p>\n

ALSO FROM PLANET STARTUP-<\/strong><\/p>\n

Egyptian fintech startup Paynas will provide digital financial services to clients <\/strong>of <\/strong>E3lany<\/a><\/strong> after inking an agreement with the state-owned mobile and digital advertising firm yesterday, according to a cabinet statement<\/a>. Under the partnership, E3lany will provide a range of financial services to taxi drivers, including allowing them to process fares digitally, apply for loans to buy spare parts, and advertise their services online. The statement claims the agreement will helo generate more than EGP 1 bn worth of business in the first year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plug and Play to partner with ITIDA to develop Egyptian startups: Silicon Valley-based early-stage investor and accelerator Plug and Play will launch a new startup accelerator and an incubator in Egypt in partnership with the Information Technology Industry Development Agency (ITIDA), the Communications Ministry said in a statement yesterday. Under the three-year agreement signed yesterday, […]<\/p>\n","protected":false},"author":1,"featured_media":557579,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[191,72,1313,9854,3389,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-edita","tag-enterpriseam","tag-paynas","tag-plug-and-play","tag-silicon-valley","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"a3a2ede4-7d48-46dc-b3af-599934559248","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/333.jpg","photo_position":"above","related_issue":[557561],"teaser":"","voice_url":""},"yoast_head":"\nSilicon Valley-based Plug and Play to invest in Egypt\u2019s startup ecosystem - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/silicon-valley-based-plug-and-play-to-invest-in-egypts-startup-ecosystem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silicon Valley-based Plug and Play to invest in Egypt\u2019s startup ecosystem\" \/>\n<meta property=\"og:description\" content=\"Plug and Play to partner with ITIDA to develop Egyptian startups: Silicon Valley-based early-stage investor and accelerator Plug and Play will launch a new startup accelerator and an incubator in Egypt in partnership with the Information Technology Industry Development Agency (ITIDA), the Communications Ministry said in a statement yesterday. 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This is the first fund Thndr has offered on its platform\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/336.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640983,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/egypts-growth-stage-startups-can-now-apply-for-googles-launchpad-accelerator\/","url_meta":{"origin":557578,"position":3},"title":"Egypt\u2019s growth-stage startups can now apply for Google\u2019s Launchpad Accelerator","author":"enterpriseam admin","date":"10 September 2017","format":false,"excerpt":"Google\u2019s Launchpad Accelerator now accepting Egyptian applicants: Google has is accepting applications from Algeria, Egypt, Ghana, Morocco, Tanzania, Tunisia, and Uganda for its emerging market-focused accelerator Launchpad, according to TechCabal. The accelerator focuses on growth-stage startups, allowing them to collaborate with \u201cGoogle engineers, Silicon Valley experts, and top mentors from\u2026","rel":"","context":"In "ON YOUR WAY OUT"","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601460,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/flat6labs-to-triple-investment-fund-capital-by-2q2019\/","url_meta":{"origin":557578,"position":4},"title":"Flat6Labs to triple investment fund capital by 2Q2019","author":"enterpriseam admin","date":"28 February 2019","format":false,"excerpt":"Cairo-based incubator Flat6Labs plans to triple the capitalization of its investment fund to EGP 150 mn during 2Q2019, according to statements from Chief Investment Officer Dina El-Shenoufy reported by the local press. This will involve increasing its capital by a further EGP 100 mn. The startup accelerator is also aiming\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560798,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/nowpay-joins-us-accelerator-y-combinators-winter-2021-cycle\/","url_meta":{"origin":557578,"position":5},"title":"NowPay joins US accelerator Y Combinator\u2019s winter 2021 cycle","author":"enterpriseam admin","date":"14 March 2021","format":false,"excerpt":"Egyptian fintech startup NowPay has joined US startup accelerator YCombinator\u2019s Winter 2021 funding cycle, Digital Boom reports. The startup will receive USD 125k as well as three months of intensive mentoring, culminating in a demo day to an audience of potential investors and collaborators.The payroll management company was created by\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557578"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557578\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557579"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557578"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557578"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}