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Programme for Financing Venture Capital Funds
Grant
About
The Programme for Financing Venture Capital Funds offers Egyptian registered fund management companies the opportunity to receive up to 20% in government funding to support investments in high-growth tech startups, fostering public-private partnerships and enhancing the credibility of the venture capital ecosystem in Egypt.
Benefits
- 💰Financial SupportReceive up to 20% contribution from IGSF as LP investment
- 🤝Public-Private PartnershipEncourages collaboration between public and private sectors
- 🏛️ Government CredibilityEnhances the government's image as a cornerstone investor in the fund ecosystem
Eligibility Criteria
- Open to venture capital fund management companies registered in Egypt
- Must be established under Egyptian law to manage VC funds
- Funds must focus on investing in high-growth tech startups in Egypt
- Minimum fundraising amount must be 500 million EGP (approximately 10.5 million USD)
- Must submit audited financials, company materials, and detailed fund strategy documents
Participation Commitments
- Must submit required financial and strategic documents upon application
- Must achieve the minimum fundraising target of 500 million EGP
Target Sector
High-growth technology startups
Target Location
Focused on Egypt
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Egypt Innovators and Geniuses Support Fund (IGSF), Ministry of Higher Education and Scientific Research