• Egypt’s Raya FutureTECH, the innovation arm of Raya Holding, has concluded its first accelerator programme in collaboration with GIZ.
• The Demo Day that was held in Cairo witnessed the graduation of the first cohort of 13 startups, including Arzaq Masr, Cultivaet, Accounting Club, Meta Egypt, BUS14, Credify, Jadeed, Wfrley, PlanQ, Tatbeek, The Holiday Homes Service Co., H.E Rental, and WhereApp.
• The winners will receive additional support and funding to further develop their solutions. 

Press release:

Raya FutureTECH, the innovation arm of Raya Holding, successfully concluded its first accelerator program with an inspiring Demo Day at the Edge Innovation Center. The event showcased the incredible progress of thirteen tech startups, highlighting their innovative solutions across various sectors including agriculture, transportation, real estate, and financial services. 

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 ressources, 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.” 

Startups Overview: 

● Arzaq Masr: A company that is specialized in the agricultural technology, our goal is to digitalize the poultry section in Egypt through a smart mobile application to full – fill the needs of the breeders’ tech & financial needs and provide trusted, stable and traceable sources for production inputs (The 1st farm management platform). 

● Cultivaet: Cultivaet is the smallholder farmers development platform. We digitise knowledge and information accessibility to enable our food growers simple and intuitive tools that push them towards achieving sustainable and profitable agricultural practices. 

● Accounting Club: A B2B marketplace specialized in accounting and finance services and any logistics services for the finance departments in companies like archiving services, ERP systems and training and workshops.

● Meta Egypt: Revolutionizing real estate exploration with VR technology, Meta Egypt offers immersive 3D property experiences, eliminating physical limitations and making property viewing accessible to all. 

● BUS14: A transportation app designed to provide safe, affordable, and convenient transportation for school students in Egypt. 

● Credify: An AI-powered consumer insights and embedded finance platform. They help digital lenders sell more loans and financial products with less credit risk using alternative data and digital footprint. They also help the end-user get access to finance at the point of need through their e-commerce embedded finance platform. 

● Jadeed: A startup company that provides alternative green energy solutions that reduce fuel consumption and carbon dioxide emissions. Through its innovative design, the Green Turbo (hydrogen cell) converts water into hydrogen gas. 

● Wfrley: a dynamic super app and SaaS solution crafted to transform the retail landscape in underserved regions outside of Cairo, streamlining the delivery process from a wide network of local supermarkets, pharmacies, and shops. 

● PlanQ: A dedicated to the research, development, production, and sales of cutting-edge digital and electronic communication products. Their innovative solutions are transforming the way people connect and communicate, offering high-quality, reliable technology for both personal and professional use. 

● Tatbeek: An Egyptian ICT company using latest technologies to maximize manufacturers’ efficiency and minimize their production waste in Egypt and worldwide. ● The Holiday Homes Service Co.: Delivering top-notch property management services specifically designed for the holiday home sector. 

● H.E Rental: Online multi-vendor one stop shop that connects heavy equipment owners with companies that want to rent this equipment. 

● WhereApp: A cutting-edge transportation app that's changing the game. The platform connects you with reliable and professional drivers, ensuring your journey is seamless, convenient, and stress-free. 

The Demo Day concluded with an announcement of the winners, who will receive additional support and funding to further develop their groundbreaking solutions.