EdVentures, an Egypt-based ed-tech corporate venture capital firm, has established a strategic alliance with VMS, a leading venture studio supporting entrepreneurs and startups in the Middle East, to advance education technology in the area.
EdVentures, the investment arm of Egypt’s Nahdet Misr Group, has been in the forefront of investing in innovative ed-tech startups since its inception in 2017.
Meanwhile, VMS assists talented entrepreneurs entering the Saudi Arabian market, assisting them in overcoming obstacles and achieving their business objectives. VMS contributes to the growth and success of the Saudi entrepreneurial ecosystem by driving innovation and accepting risk.
The collaboration between the two is an important step forward in the growth of the ed-tech industry in Saudi Arabia and Egypt, supporting innovation in a critical sector. It will enable both companies to sponsor a bigger number of educational technology startups. EdVentures will offer specialized incubation, acceleration, and investment programs to businesses, while VMS will use its network to give crucial assistance, mentorship, and advisory services to boost the startups’ chances of success.
“This partnership represents an incredible opportunity for the growth of the Edtech industry in the Arab world,” said Dalia Ibrahim, EdVentures’ founder and chairperson. “We are excited to collaborate with VMS, a dependable partner who shares our vision of transforming education and empowering the next generation.” We will encourage innovation, create job opportunities, and assist the thriving startup ecosystem in Saudi Arabia, Egypt, and the region as a whole.”