Egypt-based edtech-focused VC EdVentures, the investment arm of Nahdet Misr, has announced significant six-digit investments in two high-potential startups, Schoolz and Ibn Sina Training Academy, through its innovative EdTech Ventures Studio (EDVS) program. This funding marks a significant step forward in EdVentures’ mission to foster a thriving EdTech ecosystem, expanding its portfolio to 24 dynamic startups.
Accelerating Growth Through EDVS
Launched in partnership with the Challenge Fund for Youth Employment (CFYE), the EDVS program is designed to catalyze the growth of the EdTech sector across Egypt and the Middle East. The program provides a robust framework of mentorship, funding, and access to a vast network of industry experts, helping startups progress from ideation to scalable enterprises.
The two startups receiving this latest round of funding were among ten finalists selected for the inaugural EDVS boot camp, which focuses on identifying and supporting innovative solutions to education and training challenges in the region.
Meet the Startups: Schoolz and Ibn Sina Training Academy
- Schoolz:
Schoolz is revolutionizing student transportation with a tech-enabled platform that ensures safe, affordable, and reliable travel for students. Its app and website allow parents to track their children’s journeys in real time, providing peace of mind with carefully vetted drivers and competitive fees. With safety, comfort, and convenience at its core, Schoolz is addressing a critical need for families across the region. - Ibn Sina Training Academy:
Catering to professionals in high-demand sectors, Ibn Sina Training Academy offers specialised medical training programmes in areas like medical translation, coding, and digital marketing. The academy’s flexible, expert-led courses equip participants with practical skills for career advancement, positioning them for success in competitive job markets.
Driving Innovation and Job Creation
The EDVS program aims to create over 1,000 jobs through its two-year initiative, reflecting its commitment to both economic growth and education innovation. By leveraging a “project studio” model, the program provides startups with the tools, resources, and guidance needed to scale their businesses and contribute to the region’s burgeoning digital economy.
What’s Next?
Following the successful completion of its first cohort, EDVS is preparing for two additional cohorts in the coming year. Up to 20 more startups will receive training, with select companies qualifying for further six-digit investments, underscoring EdVentures’ dedication to fostering entrepreneurial success in the EdTech sector.
By empowering innovative startups, creating jobs, and enhancing educational quality, EdVentures is playing a pivotal role in shaping the future of education in the Middle East, with the potential for these initiatives to inspire similar programs across the globe.
