CAIRO, EGYPT | 13 November 2023:
– Entlaq, a leading company dedicated to fostering entrepreneurship, has officially signed a strategic partnership agreement with inDrive, the global mobility and urban services platform, This partnership is geared towards enhancing the Egyptian entrepreneurship sector through collaborative efforts, knowledge exchange, and various support initiatives for Egyptian startups.
The cooperation protocol was formally signed by Ms. Nadine HossamPartnerships Manager at inDrive Startup Programs at inDrive, and Ms. Menna Zaghloul, Co-Founder and Head of Public Relations and Communications at Entlaq. The signing ceremony was attended by Eng. Mohamed Ehab, the CEO of Entlaq, and Mr. Omar Rizk, Co-Founder and Managing Director of Strategy and Consulting at Entlaq.
The primary objectives of this partnership are to facilitate the exchange of information and data a for both parties’ initiatives and programs., provide support for Egyptian startups to participate in inDrive’s global awards like Aurora Tech Award and Under ]dog award, and enable Egyptian companies to become part of the Entlaq business portfolio by receiving an opportunity of investment. It will also encompass support and consultation services, the promotion of success stories, and collaborative training programs designed to further enrich the Egyptian entrepreneurship ecosystem.
Menna Zaghloul, Co-Founder and Head of Public Relations and Communications at Entlaq, expressed her enthusiasm for this strategic collaboration. She emphasized that this partnership aligns with Entlaq’s mission to lead Egypt’s transformation to become the MENA Region’s “Startups Hub”. She stressed on the importance of collaboration between various sectors, including the private sector, government, and other organizations, to drive the growth of the entrepreneurship landscape.
Through this partnership, Entlaq will facilitate the participation of Egyptian startups in inDrive’s prestigious global awards by helping to reach out to startup communities in order to apply for the awards . Additionally, the Entlaq team will provide support in assessing and guiding international companies participating in these competitions while also assisting the winners of inDrive’s Aurora tech and underdog awards in expanding their presence in the Egyptian market. Furthermore, joint training programs will be an integral part of this partnership.
Nadeen Hossam, Partnerships Manager at inDrive Startup Programs, expressed her delight at the collaboration with Entlaq, stated that It’s our pleasure to partner with Entlaq to expand the scope of our efforts to support startups in Egypt, the Middle East, and Africa through our two startup initiatives supported by inDrive. We aim to reach the largest number of tech companies to provide various services, including financial support and training”.
Nadeen added that :”We are confident that this partnership will strengthen our position and support within the ecosystem. Nadeen adds that these programs serve inDrive’s super mission – to create an impact on the lives of 2 billion people around the world by 2030”.
This strategic partnership between Entlaq and inDrive represents a significant step towards enhancing the entrepreneurial landscape in Egypt, and both organizations are committed to driving the growth and success of startups in the region.
About Entlaq
Founded in January 2022, Entlaq is a company that provides solutions to nurture the Egyptian entrepreneurship ecosystem through providing a state-of-the-art accelerator program and consultancy services. The company focuses on fostering entrepreneurship culture, empowering young entrepreneurs to sustain their businesses, building robust teams, and securing local and international investments for business growth. Furthermore, Entlaq supports the expansion of global companies into the Egyptian market through its consultancy services.
Since its anticipation, Entlaq has successfully added twenty-five companies to its portfolio, covering various sectors, with a combined estimated valuation of one billion dollars. Additionally, the company has expanded its network to seven countries and established more than thirty regional and local partnerships, including collaborations with organizations like the World Youth Forum, UNDP, EBRD, and GIZ.
About inDrive
inDrive is a global mobility and urban services platform headquartered in Mountain View, California, USA. The inDrive app has been downloaded over 185 million times, and was the second most downloaded mobility app in 2022. In addition to ride-hailing, inDrive provides an expanding list of urban services, including intercity transportation, freight delivery, task assistance, courier delivery and employment search.
inDrive operates in over 40 countries. It supports local communities via its peer-to-peer pricing model and community empowerment programs, which help advance education, sports, arts and sciences, gender equality and other vital initiatives.
