Giza Systems, a leading digital transformation enabler and systems integrator in the MEA region, and Egypt Ventures, a leading Egyptian venture capital investment firm empowering the entrepreneurial ecosystem, announced the signing of a Memorandum of Understanding (MoU).
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This agreement establishes a framework for collaboration between the two companies to connect promising Egyptian startups with Giza Systems to drive innovation in the Healthcare and Fintech sectors.
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This collaboration will explore the integration of emerging technologies, such as AI, machine learning, blockchain, and IoT, to develop cutting-edge solutions in areas like AI-powered diagnostics, telemedicine, and inclusive financial services.
Egypt Ventures recently launched its Corporate Partnership Initiative to help strengthen ties and connections between corporates and startups. This partnership with Giza Systems will leverage its expertise in digital transformation and systems integration to mentor startups, provide technical guidance, and integrate suitable solutions into its service portfolio. This will enhance the competitiveness of Egyptian startups and support Giza Systems’ regional expansion plans, particularly in the Kingdom of Saudi Arabia, where Giza Systems is actively exploring opportunities to pilot and deploy cutting-edge startup solutions.
“This MoU reflects Giza Systems’ commitment to fostering a thriving innovation ecosystem in Egypt,” said Osama Sorour, CEO of Giza Systems. “By collaborating with Egypt Ventures, we aim to empower Egyptian startups in Healthcare and Fintech by providing them with the guidance, resources, and market access they need to succeed. This partnership will not only benefit the startups but also drive innovation within Giza Systems, expanding our offerings and accelerating digital transformation across the region.”
“This partnership with Giza Systems is valuable step on the road to strengthening connections and collaborations between startups and corporates and represents a significant opportunity for Egypt’s rapidly evolving startup landscape,” said AbdelRahman Mansour, CEO of Egypt Ventures.
About Giza Systems
Giza Systems, a leading digital transformation enabler and systems integrator in the MEA region, designs and deploys industry-specific technology solutions for asset-intensive industries such as Telecoms, Utilities, Oil & Gas, Smart Mobility, and other market sectors. Giza Systems’ team of 2400+ professionals are spread throughout the region with anchor offices in Cairo, Riyadh, Dubai, Doha, Nairobi, Dar es Salaam, Kampala, and New Jersey, allowing the company to service an ever-increasing client base in over 25 countries. Giza Systems is part of the solutions by stc group of companies.
About Egypt Ventures
Egypt Ventures is a government-backed, multi-stage venture capital firm committed to transforming Egypt’s investment landscape and unlocking its entrepreneurial potential, positioning the country as a regional hub for innovation. This is achieved through direct investments in high-growth startups, support for its group of accelerators, providing startups with access to an extensive and expanding network of business partners and investors, and fostering collaborations between corporations and startups.
