Vodafone Egypt’s Xone incubator is reported to have signed a cooperation deal with Dubai-based Seed Group, to export Egyptian start-ups to the United Arab Emirates market.
Mohammed Al-Ayouti, manager of Vodafone Egypt’s Xone incubator, said to Ahram Online: “We plan to help Egyptian technology start-ups to export their services to Arab countries. This deal in the UAE is the first step towards achieving that.”
Vodafone Egypt launched its $20m Vodafone Ventures investment fund in June 2012, with the aim of investing in small ICT companies; it also launched its Xone incubator at the same time.