Egyptian ed-tech corporate VC firm, EdVentures, has announced a strategic partnership with VMS, a leading venture studio in Saudi Arabia, to enhance the ed-tech industry in the MENA region. EdVentures, the investment arm of Egypt's Nahdet Misr Group, has been actively investing in innovative ed-tech startups since its inception in 2017. On the other hand, VMS supports startups entering the Saudi Arabian market by helping them overcome challenges and achieve their business goals.
This partnership marks a significant milestone in the development of the ed-tech industry in Saudi Arabia and Egypt, promoting innovation in a crucial sector. Both companies will be able to support a greater number of ed-tech startups. EdVentures will provide startups with specialized incubation, acceleration, and investment programs, while VMS will leverage its network to offer essential guidance, mentorship, and advisory services to increase the startups' chances of success.
The collaboration aims to drive innovation, create job opportunities, and support the vibrant startup ecosystem in Saudi Arabia, Egypt, and the entire MENA region. The joint efforts of EdVentures and VMS are expected to contribute to transforming education and empowering the next generation in the Arab world.
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