{"id":562060,"date":"2021-05-05T03:44:47","date_gmt":"2021-05-05T03:44:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/giz-egypt-to-set-up-eur-100-mn-funding-program-for-new-vc-outfits\/"},"modified":"2021-05-05T03:44:47","modified_gmt":"2021-05-05T03:44:47","slug":"giz-egypt-to-set-up-eur-100-mn-funding-program-for-new-vc-outfits","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/giz-egypt-to-set-up-eur-100-mn-funding-program-for-new-vc-outfits\/","title":{"rendered":"GIZ Egypt to set up EUR 100 mn funding program for new VC outfits"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>GIZ to invest up to EUR 100 mn in young VCs:<\/strong> GIZ Egypt has partnered with the government\u2019s Micro, Small and Medium Enterprises Development Agency (MSMEDA), Endure Capital, and Changelabs to launch VC University, a EUR 100 mn funding program for first-time venture capital funds, <a href=\"https:\/\/www.wamda.com\/2021\/05\/giz-launches-Euro-100-million-funding-programme-time-fund-managers\">Wamda<\/a> reports. The program will invest in VC funds as a limited partner, with an eye to expand the local VC industry and increase investments into Egyptian startups, \u201cespecially those at their earliest stages,\u201d said Ali Saleh, head of young enterprise finance at GIZ Egypt.<\/p>\n<p><strong>The program targets funds based locally or in the MENA region \u2014 provided they have plans to invest in Egyptian startups.<\/strong> Three to four fund managers will be selected, with the ticket size per fund ranging from EUR 25-30 mn each.<\/p>\n<p><strong>What should selected fund managers expect?<\/strong> The one-year program will offer funding, mentorship and access to worldwide investors for prospective fund managers, while MSMEDA will provide technical support. The program will also train fund managers on how to raise capital and overcome various challenges in the industry, Saleh said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GIZ to invest up to EUR 100 mn in young VCs: GIZ Egypt has partnered with the government\u2019s Micro, Small and Medium Enterprises Development Agency (MSMEDA), Endure Capital, and Changelabs to launch VC University, a EUR 100 mn funding program for first-time venture capital funds, Wamda reports. The program will invest in VC funds as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":562061,"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":[764,72,8591,991,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-endure-capital","tag-enterpriseam","tag-giz","tag-sme-development-authority","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"768bf3c6-7cb9-4a56-b1b7-f28b70f88cfe","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/40.jpg","photo_position":"above","related_issue":[562050],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GIZ Egypt to set up EUR 100 mn funding program for new VC outfits - 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\/05\/05\/giz-egypt-to-set-up-eur-100-mn-funding-program-for-new-vc-outfits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIZ Egypt to set up EUR 100 mn funding program for new VC outfits\" \/>\n<meta property=\"og:description\" content=\"GIZ to invest up to EUR 100 mn in young VCs: GIZ Egypt has partnered with the government\u2019s Micro, Small and Medium Enterprises Development Agency (MSMEDA), Endure Capital, and Changelabs to launch VC University, a EUR 100 mn funding program for first-time venture capital funds, Wamda reports. 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Plus: STV is fundraising and Raya\u2019s accelerator inks pact with GIZ","author":"enterpriseam admin","date":"5 March 2023","format":false,"excerpt":"MoneyHash\u2019s API will allow Rain to add payment service providers and payment methods across the Middle East and Africa.","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/bitcoin-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546315,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/11\/giz-egypt-to-support-waste-management-strategy-with-eur-6-mn-in-funding\/","url_meta":{"origin":562060,"position":2},"title":"GIZ Egypt to support waste management strategy with EUR 6 mn in funding","author":"enterpriseam admin","date":"11 May 2022","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Matouk Bassiouny & Hennawy acted as the Egyptian legal counsel to Kora Capital on its participation in Paymob\u2019s USD 50 mn series B round. (Statement, pdf)The Environment Ministry is getting EUR 6 mn from GIZ Egypt to support the new national\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627117,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/housing-ministry-signs-eur-30-mn-grant-agreement-with-giz-for-slums-development\/","url_meta":{"origin":562060,"position":3},"title":"Housing Ministry signs EUR 30 mn grant agreement with GIZ for slums development","author":"enterpriseam admin","date":"19 July 2018","format":false,"excerpt":"The Housing Ministry signed yesterday a EUR 30 mn grant agreement with the German International Cooperation Agency (GIZ) to develop the infrastructure in nine slum areas in Cairo, Amwal Al Ghad reports. The projects, financed by the European Union and the German Federal Ministry for Economic Cooperation and Development, will\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622563,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/germanys-giz-increases-2019-budget-for-egypt-projects-in-2019-to-eur-45-mn\/","url_meta":{"origin":562060,"position":4},"title":"Germany\u2019s GIZ increases 2019 budget for Egypt projects in 2019 to EUR 45 mn","author":"enterpriseam admin","date":"4 October 2018","format":false,"excerpt":"GIZ increases investment budget for Egypt projects in 2019 to EUR 45 mn: German development agency GIZ has decided to raise its 2019 investment budget for projects in Egypt 15% to EUR 45 mn, up from EUR 39 mn this year, said GIZ General Manager Andreas Cook. The agency is\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549242,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/08\/endure-capital-reaches-first-close-on-fund-uaes-tabby-lands-in-egypt-and-egyptian-ish-crypto-unicorn\/","url_meta":{"origin":562060,"position":5},"title":"Endure Capital reaches first close on fund + UAE\u2019s Tabby lands in Egypt \u2014 and Egyptian-ish crypto unicorn","author":"enterpriseam admin","date":"8 September 2022","format":false,"excerpt":"Endure Capital has hit first close on its USD 50 mn Endure 21 fund, raising an eight-figure sum, partner Mohamed Noweir (LinkedIn) told us. The fund, which will focus on early-stage startups across Africa, plans to reach second close before the end of the year and then a third close\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/166.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562060","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=562060"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562060\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/562061"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562060"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562060"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}