Innoventures

Overview

Innoventures, is a venture capital firm was founded in 2011, as an innovation platform to bring the wealth of original Egyptian technology ideas to market. These ideas are potentially successful business ventures, with an innovative team behind them, but are missing the correct management and supporting business facilities, such as financing, marketing, etc. Innoventures adopts these project ideas, explores them further, and manages them until they are profitable, high-impact, growing businesses. As such, Innoventures defines its role as technology venture management.

Innoventures takes a very hands-on approach, adopting many of the projects, during their earlier stages, into its own organizational hierarchy, and managing the details of the project very critically and directly, rather than just providing the owners of the idea with funding and superficial administrative support. Innoventures also provides a shared business resource center, and a support network of entrepreneurs, which affords lower costs for the start-up ventures, and increases their chances of success.

In terms of investment strategy, Innoventures focuses on technology projects, an area of significant attention in the Middle East, but that is still not as developed as it can be in terms of support for entrepreneurs.