US Openner to invest in 50 Egyptian innovative startups

US Openner to invest in 50 Egyptian innovative startups

US-based venture capital firm Openner.vc announced opening the door for accepting applications from Egyptian start-ups, aiming to identify brilliant founders with innovative ideas to expand and scale 50 of them locally, regionally and globally through their local accelerator.

Openner said in a statement that applications are open all-year round, as no specified one-size-fits-all program will be implemented across all 50 selected start-ups, adding that each portfolio start-up will be subject to a custom-designed program tailored to its needs, combining cash injection with growth resources while focusing on the startup's product development, tech development and distribution, which means that founders will be able to fully concentrate on sales and customer acquisition, while functions like marketing, engineering, UX/UI and public relations will be provided by the accelerator and its partners.