At the inaugural event of the Alliance for Entrepreneurship in Africa, held in Cairo, six start-ups backed by the European Bank for Reconstruction and Development (EBRD) Star Venture program in Morocco, Tunisia, and Egypt showcased their creative business concepts.
The purpose of the event, according to EBRD, was to strengthen collaboration between influential policymakers and start-up industry participants as well as to aid start-ups in North Africa.
The startups presented their ideas to representatives of five venture-capital firms and development agencies: Jad El Boustani, a partner in MEVP, Mohamad Okasha, founder of Disruptech, Dina El-Shenoufy, the co-Founder and CIO of Flat6Labs, Isadora Bigourdan, CEO of digital Africa, and Gautier Uchiyama, head of Strategy and Institutional Relations at Proparco.
These names evaluated the startups’ investment potential.
“From artificial intelligence-driven ultrasound technology to an atmospheric water generator, these start-ups are at the forefront of innovation, sustainability, and impact across North Africa,” declared EBRD.
The event held roundtables to discuss policy, financing, and advisory support, which are the three main pillars of startup development.
The Star Venture Program helps connect successful applicants to financing possibilities in the venture capital industry by offering consulting, training, and mentoring support to cohorts of early-stage companies, accelerators, and other business support organizations.
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