EdTech is revolutionizing the education sector, and EdVentures and VMS have just taken a big step in advancing the industry in Saudi Arabia and Egypt. The two companies have announced a strategic partnership that will foster innovation and drive positive change in the key sector.
EdVentures, the investment arm of Egypt’s Nahdet Misr Group, has been investing in innovative EdTech startups since 2017. Their mission is to support education and culture while providing learning solutions. VMS, a Venture Studio, is dedicated to empowering entrepreneurs and startups in the MENA region. They provide resources, connections, and guidance to help startups succeed in the Saudi Arabian market.
The collaboration between EdVentures and VMS will open the door for more EdTech startups. EdVentures will offer incubation, acceleration, and investment programs, while VMS will provide mentorship and advisory services. VMS has achieved 60% of their investment targets in a short amount of time, showing their commitment to Saudi innovation.
Founder and Chairperson of EdVentures, Dalia Ibrahim, said: “This partnership presents an incredible opportunity for the growth of the EdTech industry in the Arab world. 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.”
Moataz Abuaneq, Chief Executive Officer of VMS, added: “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.”
EdVentures has already supported more than 70 startups and entrepreneurs. They’ve invested in 14 companies in the education technology and human capacity-building sector in Egypt and the Arab region. HolonIQ also selected nine companies from their portfolio among the top 50 EdTech startups in the Middle East and North Africa for 2022.
In August 2022, EdVentures invested a six-figure amount in Egyptian education technology startup OBM Education. This partnership between EdVentures and VMS is expected to significantly impact the education sector in Saudi Arabia, Egypt, and the Arab region. It will encourage the use of AI in EdTech and shape the future of education for future generations.
This collaboration between EdVentures and VMS is a great step forward for EdTech in the Middle East. It will bring more opportunities to teachers, create job opportunities, and drive innovation. With its unwavering commitment to education, EdVentures is leading the way in transforming the EdTech industry in the region.
