The innovation division of Raya Holding, Raya FutureTECH, wrapped up its inaugural accelerator program with a motivating Demo Day at the Edge Innovation Center. Thirteen tech startups were featured at the event, showcasing their amazing growth and creative solutions for a range of industries, including real estate, transportation, agriculture, and finance.
Nanis Elessaily, Director of Strategy and Partnerships at Raya Holding, expressed her enthusiasm, saying, “Banking on Raya’s 25 years of experience in various sectors, we are eager to support them grow as we believe startups have become an integral part of the economy”.
Sameh Hammad, Head of Project, DV at GIZ Egypt, added, “GIZ, through our develoPPP for Jobs Funding Instrument, is always keen to build successful partnerships with the private sector to improve training and employment in emerging economies. In our partnership with Raya FutureTECH, it was remarkable to see how startups in emerging industries have evolved throughout the acceleration program, implemented by Innovety, by showing great commitment to innovation and growth. We look forward to witnessing their future success.”
Clara Samman, Senior Program Officer at Raya FutureTECH, shared her insights, stating, “This program was designed to provide the founders with the resources, training, and mentorship they need to grow. Through one-on-one consultations with experts from Raya, workshops, and connections to our network we’ve equipped them with the tools for success. At Raya FutureTECH we highly value the importance of partnership creation and networking opportunities and I was happy to witness throughout this journey that not only did the startups get to discuss potential partnerships with different business lines from Raya but together.”
The winners of the Demo Day were announced, and they will now get extra funding and support to continue developing their ground-breaking ideas.
