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Tuesday, 20 December 2016

Innoventures announces new EGP 30 mn fund

Innoventures (which bills itself as an “innovation platform” — we’re neither intelligent nor hip enough to get what that means, but we’re presuming it’s hipster code for some kind of VC-related activity) announced it has launched a new EGP 30 mn fund for startup ventures. “In addition to growing their team of partners, Innoventures will also launch two new innovation spaces, besides their pre-existing Ideaspace in Heliopolis, to serve as hubs for young entrepreneurs.” The outfit has also welcomed Amr Sadek and Munaf Emam as partners.

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