Cairo, Egypt – Bokra, the MENA region’s first goal-achiever app backed by real assets, has announced a strategic partnership with the Canadian International College (CIC), marking a major development in Egypt’s educational and entrepreneurial landscape. This collaboration has resulted in the creation of a groundbreaking EGP 10 million student fund aimed at empowering CIC students with innovative and disruptive ideas to embark on their entrepreneurial journeys.
The launch event, attended by over 1,000 students, unveiled the EGP 10 million fund as the first major initiative under the partnership. The fund is designed to foster early-stage student ideas by offering small ticket sizes and providing strategic mentorship, nurturing innovation from the ground up.
Ayman El-Sawy, Founder and CEO of Bokra, emphasized the importance of this collaboration, stating: “Our mission at Bokra is crystal clear; we make financial goals a reality. Our partnership with CIC reflects our commitment to cultivating a more mature and dynamic startup ecosystem. By empowering the next generation of entrepreneurs with essential tools, resources, and funding, we aim to help them not only succeed but thrive.”
El-Sawy further highlighted the significance of the fund in driving Egypt’s entrepreneurial future. “Through our EGP 10 million fund, we are paving the way for a new era of innovation and progress in Egypt. We’re building a future where entrepreneurship is not just a dream but a tangible reality for all who dare to innovate and create change.”
Magdy El Kady, Chairman of CIC, echoed these sentiments: “We are immensely proud to join forces with a trailblazer like Bokra in this transformative initiative. Together, we are creating opportunities for the next generation of innovators to unleash their potential and drive positive change in our society and economy.”
This partnership serves as a cornerstone of the newly launched “Bokra Academy,” a platform designed to bridge the gap between academia and industry. The academy aims to equip Egypt’s youth with the skills and resources necessary to excel in the evolving business landscape. Its mission is to create a closed-loop system, where students start with certified educational courses and progress towards either employment or access to funding to pursue their entrepreneurial dreams. This initiative is set to foster a stronger and more dynamic ‘Digital Egypt.’
Bokra Academy offers a range of free online courses in key areas such as financial planning, marketing, technology, artificial intelligence, and corporate law. Graduates of these certified programs will have access to a job pool within Bokra and its partner organizations, creating pathways for professional growth and development.
More significantly, certified graduates will benefit from fast-tracked access to funding opportunities through the newly launched EGP 10 million fund, co-funded by Bokra and CIC. This fund will provide up-and-coming founders with the resources they need to bring their visions to life and contribute to the Egyptian economy.
The Bokra-CIC partnership represents a crucial step in empowering Egypt’s youth, fostering innovation, and driving economic growth in the region. As Bokra and CIC work together to create a supportive environment for entrepreneurs, they are shaping the future of Egypt’s startup ecosystem and paving the way for the next generation of changemakers.