About
FEKRETAK SHERKETAK is the first government-led accelerator program. It includes a new four-month-long accelerator and mentorship program and seed funding of up to EGP 500,000 ($28,300) for qualified startups, for a 4-8 percent equity stake in the business. Qualifying startups will compete for placement in the selective four-month accelerator, which will mentor its participants and connect them to valuable business resources such as legal services, commercial support, training, access to investors, and a co-working space. The program has two tracks: a FinTech arm, led in partnership with EFG Hermes, and a Social Impact program, supported by the UNDP with a focus on companies supporting the UN’s Social Development Goals through commercially viable means. Fekretak Sherketak is financed through the support of Egypt Ventures, an investment company worth upwards of $25 million.
Investment Focus
- Sectors
- fintech
- Location
- Nasr City, Egypt
Contact Information
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