[UAE]
GEEKS.AE RAISES $600K SEED ROUND
Geeks.ae, a platform that helps connect consumers and business with Geeky resources to support their IT needs, raised a seed round of $600,000, led by Wamda Capital.
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[KSA]
NOMADD RAISES $1M SERIES A
NOMADD, closed the round from King Abdullah University of Science and Technology’s (KAUST) Innovation Fund. NOMADD is a system designed for desert conditions to clean the dust off solar panels which massively reduces their efficiency.
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[EGYPT]
INTEGREIGHT LAUNCHES TOGGLIT
Egyptian hardware startup Integreight launched its latest product Togglit in May. Togglit is a set of automation tool kits that allows people to control electrical switches and devices in their homes with their smartphones.
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1864 Accelerator welcomes ideas and startups across all business areas related to financial services, including but not limited to; payments, digital banking solutions, banking relationships, machine learning, trading, management and many more. Applications are now open for the 2016 program! Apply here.
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[EGYPT]
START IT BROUGHT TO YOU BY TIEC AND ETISALAT IS ACCEPTING APPLICATIONS NOW!
Start IT with Etisalat is an initiative brought by Technology Innovation and Entrepreneurship Center (TIEC) and Etisalat to support the Egyptian youth having a new startup of less than 1 year or willing to build their own startup in turning their ideas into successful enterprises. The initiative focuses on products related to Internet of Things (IOT) or Big Data.
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Speed@BDD is recruiting 10 aspiring startups for their upcoming acceleration program in September, where selected entrepreneurs will attend a series of events and info sessions on how to secure equity funding and to take their ideas to the next level.
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[AFRICA\MENA]
CALL FOR JUSTICE INNOVATIONS: MARCH - JUNE 2016
To promote innovation in the rule of law and to find the best innovations across the world, the HiiL Justice Accelerator is calling for innovations for its challenge competition.
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The new $50M fund is raised by Algebra Ventures, a new Egyptian VC firm founded in 2015 by KI Angels' Khaled Ismail, and Tarek Assaad and Ziad Mokhtar who are both principals at EFG Hermes VC fund Ideavelopers.
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WHAT WE READ THIS WEEK..
[EGYPT]
CAIRO'S NERDS SCRAPE TOGETHER AN EGYPTIAN TECH SCENE
“Tech, it’s something you can actually have an effect on,” Abuelhagag says. “Maybe this is how you can change the world, finally.”
[MENA]
THE STATE OF DIGITAL INVESTMENTS IN MENA
ArabNet published online "The state of digital investments in MENA" report which includes investors and investments in MENA by: year, geography, ticket size and startup business model.
[MENA]
2016 PERIODIC TABLE OF TECH IN MENA
BECO Capital have just released this year’s ‘Periodic Table of Tech in MENA’, examining the region’s tech startup ecosystem and highlighting its stakeholders.
[EGYPT]
BEY2OLLAK PUBLISHES A PREDICTION OF THE ROADS FOR RAMADAN 2016
You can now find out when are the peak hours for the routes you take.
[LEBANON]
ENTREPRENEUR MIDDLE EAST'S ACHIEVING WOMEN 2016: HALA FADEL, MANAGING PARTNER, LEAP VENTURES
“My moonshot is to see a company as big or influential as Google or Apple start from the region,” Fadel replies.
[EGYPT]
PAYFORT LAUNCHES 3RD EDITION OF THE STATE OF PAYMENTS
Payfort released online the third edition of its yearly report ‘State of Payments in the Arab World’, offering up-to-date data and insights in the region’s payment trends and consumer buying habits.
[KSA]
WHY THE SAUDI ARABIA UBER DEAL IS GOOD FOR THE MIDDLE EAST'S TECHNOLOGY ECOSYSTEM
The investment makes us particularly excited because it validates a belief we’ve had since our founding in 2012 — that technology, especially when combined with backing from local governments, has the power to improve lives and inspire the people of our region.
[WORLDWIDE]
2016 INTERNET TRENDS
KPCB released this year's global " Internet trends" report, including global macro, brand trends, video, image, messaging and data.
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