By : Mohamed Elattar - Amen Kader
EdVentures, a pioneering Edtech corporate venture capital firm in the MENA region, has announced a strategic partnership with VMS, a leading Venture Studio empowering entrepreneurs and startups in the Middle East. This partnership is a significant milestone in the development of the Edtech industry in Saudi Arabia and Egypt, fostering innovation in a key sector that's considered one of the most impactful for societal growth.
Since its establishment in 2017, EdVentures, the investment arm of Egypt's Nahdet Misr Group, has been at the forefront of investing in innovative Edtech startups. With an unwavering commitment to education, culture, and groundbreaking learning solutions, EdVentures has consistently driven positive change in the sector.
Meanwhile, VMS is a Venture Studio that empowers entrepreneurs and startups in the MENA region. With its expertise, resources, and connections, VMS supports talented startups entering the Saudi Arabian market, helping them overcome challenges and achieve their business goals. By driving innovation and embracing risk, VMS contributes to the growth and success of the Saudi entrepreneurial ecosystem.
The partnership between EdVentures and VMS will allow both companies to support a greater number of Edtech startups. EdVentures will provide startups with its specialized incubation, acceleration, and investment programs while VMS will leverage its network to offer essential guidance, mentorship, and advisory services to enhance the startups' chances of success.
"This partnership presents an incredible opportunity for the growth of the Edtech industry in the Arab world,” stated Dalia Ibrahim, Founder and Chairperson of EdVentures. “We are thrilled to partner with VMS, a trusted collaborator that shares our vision of transforming education and empowering the next generation. Together, we will drive innovation, create job opportunities, and support the vibrant startup ecosystem in Saudi Arabia, Egypt, and the entire region," she added.
Motaz Abuonq, CEO of VMS, said, "We are excited to collaborate with EdVentures in this game-changing partnership. Together, we will unlock limitless possibilities for Edtech startups and entrepreneurs in the Middle East. By combining our strengths and expertise, we will build an ecosystem that fosters innovation, empowers talent, and creates a better future for education."
With a proven track record of strategic execution, VMS has already achieved 60% of its investment targets within a six-month period, showcasing its agility and forward-thinking approach. The company's dedication to Saudi innovation is evident through its participation in the "Aware Initiative to Achieve Vision 2030," which aims to shape a prosperous future for the Kingdom. By partnering with industry leaders, VMS has established itself as a trailblazing investment company that embraces innovation and actively paves the way for the future.
