The Egyptian Angels Investors “Malaikah”, held an interactive session on “The State of Venture Builders & Studios in Egypt”. Panelists shared their views, professional insights and expertise about the concept of Venture Studios, the opportunities and potential for growth in Egypt and the challenges facing those who are involved in venture building and VC studios.
Panelists were Eng. Tarek Aboualam, Managing Partner, Glint Consulting. Mr. Hussien Mohieldin, CEO, Robusta. Mr. Mohamed Ferrekha, CEO, Unimas and Mr. Moataz Kotb, Managing Director, CultArk who moderated the session.
“At Glint Venture Studio we aim to create Egyptian tech startups who offer subscription-based services to regional and international clients. Glint’s venture studio model is built around partnering with the right cofounders who share the same vision and dream.” Tarek Aboualam, Glint Consulting.
“We at UNIMAS believe that venture studios have become an increasingly important part of the startup ecosystem, and we strongly believe that this trend will continue to grow in Egypt over the coming years. Venture studios differ from traditional venture capital, incubators and accelerators in sense that they are focused on building and launching primarily their own ventures, as opposed to just providing support and resources to external startups. This approach allows venture studios to be more hands-on and directly involved in the creation and growth their portfolio companies, and provides a unique value proposition for co-founders looking to bring their ideas to life” M. Ferrekha, Unimas.
“With the global correction taking place in the startup ecosystem the role of venture studios will become even more vital. Well managed venture studios are well equipped to team up with solid and experienced entrepreneurs to build venture that can scale with an eye not only on innovation but on sustainability as well. In our experience and perspective there’s also big room for cooperation between venture studios and corporates on building corporate ventures that brings the best of both worlds; expertise and market access on one side and agility & innovation on the other side” Hussien Mohieldin, Robusta & Fibonacci.
