Fekretak Sherketak - Nasr City, Egypt

Fekretak Sherketak is an innovative government-backed accelerator program that provides a four-month mentorship and seed funding of up to EGP 500,000 ($28,300) to qualifying startups in exchange for a 4-8 percent equity stake in the business. The selective program offers participants access to valuable resources such as legal services, commercial support, training, access to investors, and a co-working space. It also has two specialized tracks: a FinTech arm, led in partnership with EFG Hermes, and a Social Impact program, backed by the UNDP to support the UN’s Social Development Goals. Funding for Fekretak Sherketak is provided by Egypt Ventures, an investment company valued at more than $25 million.