An important turning point in Egypt’s educational and entrepreneurial landscape was marked by the announcement of Bokra’s strategic partnership with the Canadian International College (CIC), the first goal-achiever app backed by real assets in the MENA region. A ground-breaking EGP10 million student fund was created as a result of the partnership to enable CIC’s changemakers with disruptive ideas to start their own businesses.
The inaugural event, which drew more than a thousand students, demonstrated that the EGP 10 million fund will be the first to be established under the partnership. It is intended to use strategic mentorship and small ticket sizes to sow the right seeds and foster innovation for early-stage student ideas.
Ayman El-Sawy, Founder and CEO of Bokra, stated: “Our mission at Bokra is crystal clear; we make financial goals a reality. Our partnership with CIC is reflective of our commitment to cultivate a more mature and dynamic startup ecosystem by empowering the next generation of entrepreneurs with the essential tools, resources and funding they need to not just succeed but to thrive.”
“Through our EGP10 million fund, we are paving the way for a new era of innovation and progress in Egypt by building a future where entrepreneurship is not just a dream but a tangible reality for all who dare to innovate and create change,” he added.
From his part, Magdy El Kady, Chairman of CIC, expressed his excitement about the partnership: “We are immensely proud to join forces with a trailblazer like Bokra in this transformative initiative. Together, we are creating opportunities for the next generation of innovators to unleash their potential and drive positive change in our society and economy.”
A key component of the recently established “Bokra Academy,” a platform meant to close the knowledge gap between academia and business and give Egypt’s young people the tools they need to succeed in the corporate world of the future, is the strategic partnership. In order to create a more robust and dynamic “Digital Egypt,” the initiative seeks to create a closed loop that starts with accredited educational courses and ends with employment or access to capital to realize entrepreneurial dreams.
Aspiring changemakers have access to a variety of free online courses in important fields like corporate law, marketing, technology, artificial intelligence, and financial planning through the “Bokra Academy.” Graduates of these accredited programs will open doors for professional development by giving them access to a job pool within Bokra and its partner companies.
More significantly, certified graduates will gain expedited access to funding opportunities via the recently established EGP 10 million fund, which is co-funded by CIC and Bokra. This fund will equip emerging entrepreneurs with the tools they need to realize their ideas and add value to the Egyptian economy. This tactical partnership is a big step toward empowering Egypt’s youth, encouraging creativity, and propelling regional economic growth.
