XceleRise: 15-Month Program by Endeavor Egypt, GIZ to Elevate Startup Growth Trajectory

Endeavor Egypt and GIZ Egypt, acting on behalf of the German Government, have unveiled an unparalleled Scale-up initiative aimed at facilitating access to capital and facilitating market growth for all startup enterprises that champion sustainability.

Spanning over 15 months, this distinctive program is meticulously crafted to empower ambitious entrepreneurs with comprehensive industry acumen, invaluable market insights, and crucial networking liaisons required to effectively amplify their global operations and secure capital investment.

Referred to as the Endeavor Egypt Scale-up Program, XceleRise, this endeavor extends an exclusive prospect to entrepreneurs to tap into the extensive global mentorship, investor, and industry expert network provided by Endeavor. By harnessing the expertise and counsel of these influential specialists, participants will acquire the essential proficiencies and tactics to proficiently navigate the intricacies of international expansion and optimize their potential for growth.

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Integral attributes of this program encompass:

  1. Strategies for Fundraising and Facilitated Introductions: Participants will be well-versed in optimal fundraising methodologies and be granted access to potential investors through strategically arranged introductions orchestrated by the program.
  2. Directives for Market Expansion and Exploration: Entrepreneurs will be equipped with comprehensive directives for market expansion, enabling them to make discerning decisions and optimize their ingress into new markets. In addition, chosen participants will be granted the opportunity to embark on a firsthand exploration of potential markets through country visits.
  3. Networking and Engagement with Stakeholders: The program will cultivate avenues for networking, allowing entrepreneurs to connect with pivotal stakeholders, industry frontrunners, and likeminded peers who share a fervor for innovation and advancement.

The program’s focal sectors encompass, but are not limited to:

  • Green Buildings
  • Waste Management
  • Renewable Energy
  • Sustainable Transport
  • Agriculture and Water Management
Endeavor Egypt XceleRise

XceleRise underscores its commitment to bolstering enterprises that underpin the emergence of competitive ventures and the generation of employment, especially within ecologically significant domains. Such sectors encompass fintech, ed-tech, and health-tech, as well as businesses within the logistics and smart-city domains that champion equitable supply chains and the sustainable overhaul of global supply networks.

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Startup enterprises seeking eligibility for the program should fulfill the ensuing criteria:

  • Garner a minimum annual revenue of $250,000 (EGP 8M-10M).
  • Maintain a workforce of at least 10 employees.
  • Actively pursue prospects for international expansion within the MEA region.
  • Exhibit an interest in securing capital investment.
  • Operate within the purview of the green and green-tech domains.

Endeavor Egypt XceleRise Endeavor Egypt XceleRise

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard