More than a half-decade ago, only fewer female tech founders you could find in Egypt. Now, you can see a growing number of women-led startups in the country. The number increased by 8 per cent between 2009 and 2017, from 3 per cent to 11 per cent. No wonder the country produces one to three startups winning the applications for Accelerating program, like the Womentum Accelerato for instance.
The Womentum Accelerato is a 4-month program designed to encourage potential startups from the Middle East and North Africa (MENA) region. The program is one of the most important accelerating programs in the region. As a result, the founders appeared on the program experienced great recognition from the public, including the increase in website traffic.
The program is aimed at early-stage ventures. Selected founders participated in a two-week in-person session in Berlin, Germany to help them establish their products and business model. They will also get virtual “womentorship” sessions and a two-week Bootcamp in Dubai. During this Bootcamp, they will have the opportunity to get connected to investors and global markets. Selected startups will be awarded $100,000 from Womena and $60,000 from Standard Chartered.