*Raya Holding’s FutureTECH and AMAN Holding Partner with AUC Venture Lab to Accelerate Egypt’s Startup Ecosystem
FutureTECH by Raya, the corporate startup
accelerator backed by Raya Holding for Financial Investments, and AMAN Holding, a Raya Holding portfolio company and Egypt’s most integrated fintech group, announced a new collaboration with the American University in Cairo’s business accelerator, AUC Venture Lab.
The partnership aims to foster innovation and accelerate the growth of startups across a range of high-potential sectors, including technology, digital and financial solutions, retail, consumer services, and supply chain and logistics. By connecting entrepreneurs with industry expertise and real market opportunities, the collaboration seeks to support the development of scalable business models that contribute to Egypt’s growing innovation ecosystem.
Organized through FutureTECH by Raya and AUC Venture Lab, the initiative will leverage the extensive corporate, operational, and technological capabilities of Raya Group and AMAN Holding and vast knowledge and affluent networks of AUC Venture Lab to support startups throughout their growth journey. Participating startups will gain access to mentorship, technical guidance, investment readiness support, market access opportunities, and potential collaboration pathways with Raya’s portfolio companies.
The partnership was launched through an introductory session that brought together startups and AMAN executives to explore the latest fintech technologies and digital solutions offered by the company. The session also highlighted opportunities for collaboration, technical support, and mentorship, helping entrepreneurs strengthen their business models and prepare for future investment and expansion opportunities.
Commenting on the partnership, Eng. Mohamed Wahby, Co-CEO of Products & Technology AMAN Holding, stated: "This collaboration with the AUC Venture Lab embodies our corporate leadership in driving entrepreneurship, as we aim to build the next generation of technological solutions to address digital transformation challenges in Egypt."
He added : "Through this partnership, we are committed to contributing to the creation of a pipeline of investment-ready startups within emerging sectors. To achieve this, we seek to advance the innovation ecosystem by fostering strategic integration between academic expertise and real business opportunities under one umbrella, empowering innovative entrepreneurs and transforming their solutions into scalable business models ."
Dr. Ayman Ismail, Founding Director of AUC Venture Lab and Abdul Latif Jameel Endowed Chair of Entrepreneurship at AUC Onsi Sawiris School of Business, said: “Our partnership with Raya is a true testament to our commitment to supporting entrepreneurs with access to cutting-edge technology leaders and establishing ties between corporates and startups. Our vision and collective efforts will help more startups become investment-ready, gain a better understanding of the market and tap into the networks they need to transform the industries they work in and accelerate market shifts.”
Through this collaboration, FutureTECH by Raya, AMAN Holding, and AUC Venture Lab aim to bridge the gap between entrepreneurship, and industry, enabling startups to transform innovative ideas into successful ventures while contributing to Egypt’s digital economy and innovation agenda.