Saudi-Arabian accelerator, MiSK 500 has selected four Egyptian tech startups.
The programme will see 20 companies from the Middle East and North Africa (MENA) participating.
The program will take place in Riyadh, culminating in a demo day in December 2019.
The four Egyptian startups are: E-commerce startup In Your Shoe, food delivery startup Ordera, construction marketplace El-Mawkaa and jobs platform TechieMatter.
The 14 week programme will see the companies undertake an intense curriculum structured to help pre-seed and seed-stage startups create successful companies and scale.
The participating companies will receive coaching, mentorship and USD 50,000 equity funding, fo 7% of each of their companies.
Managing Partner of 500 Startups MENA, Sharif El-Badawi, said, “At 500 Startups, we are excited to host our flagship MiSK 500 Accelerator programme in partnership with Misk Innovation in Saudi Arabia for the second time. As the region’s largest economy, the kingdom is a strategic market for us and for the MENA region. It’s strong government support, its inherent market dynamics and its young population structure is a testament to the robust buildup of its rapidly growing entrepreneurial ecosystem.”
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He added, “At 500 Startups our mission is to support the most talented entrepreneurs, help them create successful companies at scale and build thriving ecosystems. Our accelerator programme aims to empower regional startups by raising the level of training standards for young entrepreneurs in the region. On completion, we look forward to seeing our startups actively contribute to MENA’s burgeoning tech entrepreneurship ecosystem.”
