Cairo-based enabler Endeavor Egypt, in partnership with GIZ Egypt, has launched XceleRise, a scale-up program aimed to aid access to capital and market expansion for all startups that promote sustainability.
Founded in 2008, Endeavor Egypt is the local arm of the global entrepreneurship movement “Endeavor”. It drives sustainable economic development by supporting local entrepreneurs.
According to Endeavor Egypt,this 15-month program is specifically designed to equip ambitious entrepreneurs with the industry knowledge, market insights, and invaluable connections necessary to successfully scale their operations internationally and raise capital.
The Scale-up Program, XceleRise provides a unique opportunity for entrepreneurs to tap into Endeavor’s global network of mentors, investors, and top industry professionals.
By leveraging the expertise and guidance of these key experts, participants will gain the necessary tools and strategies to navigate the complexities of international expansion and maximise their growth potential.
The program will focus on areas such as fundraising Strategies and Introductions,where Participants will learn best practices for effective fundraising and gain access to potential investors through strategic introductions facilitated by the program.
Entrepreneurs will also receive comprehensive guidelines on market expansion, enabling them to make informed decisions and optimize their entry into new markets. Additionally, selected participants will have the opportunity to embark on a country visit to explore market opportunities firsthand.
The program will also expose the entrepreneurs to networking opportunities, allowing them to connect with key stakeholders, industry leaders, and like-minded peers who share a passion for innovation and growth.
Highlighted sectors for the program include: Green Buildings , waste management , renewable energy, sustainable transport ,agriculture and water management .
XceleRise also places a strong emphasis on supporting companies that drive the emergence of competitive enterprises and job creation, particularly in ecologically relevant sectors. These sectors include fintech, ed-tech, and health-tech, as well as companies in logistics and smart-city sectors that promote fair supply chains and sustainable transformation of global supply chains.
To be eligible for the program, startups should meet the following criteria:
Generate a minimum of $250,000 (EGP 8M-10M) in revenues annually.
Have a minimum of 10+ employees.
Be actively seeking international expansion opportunities within the MEA region.
Be looking to raise capital.
Operate within the green and green-tech sectors.