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Dubai : Khaled Hassan
Prepared by: Wael Elgafry - Mostafa Ibrahim
Dalia Ibrahim, Chairwoman of the Board of Directors of Nahdet Misr Publishing Group and founder of the “EdVentures” Fund, confirmed in response to a question from “Alam Rakamy” about the company’s strategy to support entrepreneurs and support emerging companies that our strategic goal is to enhance the field of educational technology and build the capabilities of our Arab people by supporting specialized entrepreneurs. In this vital sector, we have succeeded in supporting 76 startup companies and entrepreneurs and invested in 14 companies in the Arab world whose current market value has reached $100 million, as these companies work in various fields of education such as: e-learning services, and education programs based on STEAM, in particular Coding, career guidance and training, programs to train and qualify young people to enter the labor market, technical education and vocational rehabilitation programmes, and training programs to support and empower women.”
This came during the activities of the press conference organized by “Nahdet Misr for Entrepreneurship” (EdVentures), the investment arm of “Nahdet Misr Group of Companies”, one of the largest institutions operating in the education sector in the Middle East, to announce pumping new investments into the company in the Arab world. On the sidelines of her participation in the GITEX Global Exhibition and Conference, which was recently held at the World Trade Center in Dubai.
In response to a question from “Alam Rakamy” about Nahdet Misr’s vision to maximize the use of artificial intelligence technologies to develop its solutions, she said that the developed world is witnessing a revolution in education and the use of artificial intelligence, and sustainable lifelong education has become the prevailing trend, which is what Nahdet Misr and EdVentures have realized, She stressed the company's commitment to continuing and expanding investment in educational technology to keep pace with this revolution to improve performance and raise productivity for everyone who uses the technological solutions that we provide.
Regarding the latest investment rounds for the “EdVenutures” fund, Dalia Ibrahim said that her new investment round worth $400,000 was announced with the Egyptian company “Carfty” (Carfty Workshop), which specializes in supporting handicrafts through its electronic educational platform through which it offers courses, training programs, and workshops. He worked in various creative fields and crafts, such as: handicrafts, design, photography, programming, game development, and animation. This is EdVentures' second investment round in Krafty.
She added, “We work together as Nahdet Misr companies and the startups supported by EdVentures in an integrated manner to provide the best and latest in the education sector to meet the various requirements of all groups and thus enhance the educational process in general and shape a better future for youth and future generations.”
She explained that EdVentures is preparing to announce a new investment round in the Egyptian company Sprints, which is the first of its kind in providing various educational services and programs to bridge the technical skills gap. Sprints offers an individual educational journey that is individually designed for each learner to ensure that they obtain good jobs with high salaries, and it also supports its graduates in all steps of their career growth. This is also the second time that EdVentures has invested in Sprints.
The startups supported by EdVentures continue to grow and expand in the Arab region. Four of them received new investments from Saudi and international investors because of their great influence in developing the education sector in its various fields. These companies are OBM, an Egyptian company specialized in providing training and qualification programs for young people, career counseling services, and guidance for school students to choose universities and various specializations.
In addition, To the Egyptian company “Akhdar”, which is concerned with providing summaries of cultural books through its electronic application, and the Saudi company “Jeel”, which provides an educational and entertaining electronic application intended for children, in addition to the emerging company “iSchool”, which is a platform that provides the latest educational technologies for young students. STEAM-based parallel learning for children ages 6 to 18. The STEAM program includes learning objectives, projects, activities, certificates, and competitions all tailored to the student's age.
