Banque Misr recently held a meeting with the participating entrepreneurs in the second cycle of “TEQDAR’’ Accelerator Program. The bank organized the final qualifications for the second cycle of the program, with the participation of 12 startups. The event was attended by Mr. Hossam El-Din Abdul Wahab, Vice-Chairmen of Banque Misr, executives from various sectors of the bank, and a distinguished group of international and local strategic partners. The startups presented their final business pitches and innovative solutions to the selected committee, which will announce the companies joining the second cycle of the program.
During his speech, Mr. Hossam El-Din Abdul Wahab, Vice-Chairmen of Banque Misr, emphasized Banque Misr's commitment to supporting entrepreneurs and startups. He explained that Banque Misr's "TAQDER" program for collaborative innovation with startups is one of the key pillars of the bank's comprehensive strategic transformation program. The program aims to enhance the performance and accelerate the growth of startups, making them successful and sustainable companies that contribute with innovative products and services, leading to strategic transformations that benefit all parties. Thus, the importance of the startup growth accelerator program is evident, as it provides technical, investment, and marketing support services to the selected companies joining the program in its second cycle.
Mr. Mohamed El-Sabban, Chief Innovation and Strategic Ventures Officer at Banque Misr, added: "The program's methodology focuses on empowering entrepreneurs with an integrated set of tools to accelerate their projects, facilitate access to their customers, and establish a network of communication with prominent investors and the business community in general. We also emphasize the importance of partnering with selected international and local organizations that have diverse capabilities that would undoubtedly contribute to accelerating the growth process for the companies participating in the program."
This event represents an important step towards the success of the "TAQDER" program in accelerating the growth of startups. The participating startups, in various stages of the program, have benefited from guidance, resources, and access to Banque Misr's extensive network, preparing them to achieve success when operating in the markets. The program's commitment to promoting innovation and entrepreneurship was evident through the impressive presentations delivered by all the companies. Participants in the program were supported with a financial investment package and technical support from the various experts working at Banque Misr, aiming to achieve faster growth for these companies.
The selected startups will now embark on the "TEQDAR" startup growth accelerator program, which lasts for 6 months. The program provides support services in terms of technology and market penetration, in addition to sustainable investment opportunities. This is achieved through leveraging Banque Misr's expertise, as the heads of the bank's sectors provide all forms of technical support and share their extensive knowledge to meet the needs of the Egyptian market. The program also includes training sessions with international consultants and opportunities to explore new markets.
Banque Misr is committed to continue supporting startups and promoting a culture of innovation that drives sustainable growth. The bank believes in the importance of collective efforts to support the Egyptian government's plans for the national economy and strives to play its vital role in supporting all activities that contribute to creating a better life for Egyptians. Banque Misr aims to provide banking and financial services in an accessible and advanced manner, while enhancing the excellence of its services and maintaining long-term success, actively participating in meeting the needs of its customers. The bank's values and business strategies always reflect its commitment to sustainable development and prosperity for Egypt.
