Previous Post
Saudi 'Flexible Staffing' Startup Sabbar Secures $4M Series A Funding
Next Post
UAE Workflow Management Specialist Arrow Labs Raise $5M Series A

Raya and Øpenner.vc Launch Accelerator to Scale Egyptian Tech Startups

The accelerator seeks to support development of services and technologies focusing on enhancing the customer experience across a range of industries.

The Raya Call Center Services Company (RCX), a subsidiary of Raya Holding, has announced the launch of a new business accelerator, Raya FutureTech, in cooperation with venture capital (VC) fund Øpenner.vc.


Seeking to support emerging companies providing advanced tech services and modern technologies supporting innovation and development focused on the customer experience, the accelerator will work with companies across a range of industries in Egypt.


Participating startups will have access to direct investment of up to EGP 1 million per company, with the requirement of having a minimum viable product (MVP) demonstrating that they know their market and its needs, as well as solutions to its problems.


Beyond direct funding, the accelerator will provide technical support, workshops, and individual training for founders, provided by a specialised Øpenner.vc team.


Ahmed Rifqi, CEO of RCX, explained that “the program aims to enable the creation of a launching platform for early-stage technology companies in the Egyptian market.”


The accelerator also seeks to improve the customer experience and thereby facilitate progress within the country’s wider digital transformation endeavours, he said. It will seek to do so by “enabling founders and entrepreneurs to grow and support their businesses based on the experiences of the partners of this accelerator in the areas of customer experience that they Represented by Raya and corporate building provided by Øpenner.”


Applications for startups to participate in the accelerator are currently open, and will continue until 31 July. Find out more at www.RayaFutureTech.com.




Sign up for the daily Startup Digest.