According to Daily News Egypt, Innoventures will launch an investment fund with a capital of EGP 30m to invest in start-ups and entrepreneurship in the coming weeks. The headquarters will open in Borg El–Arab’s technological park next month to spread the culture of entrepreneurship.
Innoventures is a platform, which offers a package of services to start-ups, including headquarters, legal and finance consultancy, training, and financial support of EGP 50,000-300,000, according to the company’s needs. Innoventures programme “Startup Reactor”, has incubated 20 start-ups so far, through three investment cycles, and we target to incubate and support 15 start-ups this year. We are also looking to increase the number of companies further next year.
For more information, visit http://www.dailynewsegypt.com/2017/03/01/616711/