A year ago this month, Endeavor Egypt held its official launch and inaugural International Selection Panel. Since then, the office, headed by Managing Director Ahmed Ezzat and supported by Board Chairman Naguib Sawiris (Chairman, Orascom Telecom Holding), has grown considerably and currently supports 10 High-Impact Entrepreneurs from seven companies.
Responding to the recent events, Ahmed Ezzat had this to say: “In the last few weeks, Egypt was all about entrepreneurial spirit. And it was certainly as high-impact as they come! Endeavor Entrepreneurs, mentors, board members and staff were in the streets participating in what they saw as the best thing that has ever happened to their country in so many years. The moment was historical and stakes were high, yet everyone thought it can only get better from here for them, their families and their business. When Naguib Sawiris was asked about the effect of the current events on his business and the country’s economy at large, he replied without hesitation – ‘Freedom is priceless.’”
In the midst of Egypt’s historic transformational period, Endeavor Egypt remains in active operation and is slowly getting back to business. The office will send two candidate companies to Endeavor’s International Selection Panel in Mexico City later this month. Additionally, the office is planning a roundtable discussion where network members will discuss the best ways to deal with the impact of the current events on their businesses, and adapting to the new business environment.
The following is a recap of the companies that Endeavor Egypt currently supports:
Azza Fahmy Jewelry (Fatma Ghaly)
Internationally recognized as the leading jewelry designer of the Arab world, Azza Fahmy Jewelry (AFJ) is a family business that has evolved into the first Egyptian designer brand.
Divine Worx (Omar Fathy)
Divine Worx has become the first home-grown, multi-branded restaurant chain in Egypt–with four unique brands and 18 restaurants in four major cities, which employ more than 350 Egyptians.
Diwan Bookstore (Hind Wassef, Nadia Wassef)
Sisters Hind and Nadia stand out as leaders of a new generation in Egypt, founding Diwan as a modern bookstore (with 10 locations across Cairo) that blends Western and Eastern literature and style.
Hindawi (Ahmed Hindawi)
Hindawi is one of the three largest Open Access publishers worldwide, having developed a portfolio of 250+ English-language scholarly journals.
SySDSoft (Khaled Ismail)
SySDSoft is an innovative Egyptian business that specializes in developing cutting-edge wireless communications technology.
Timeline (Ahmed Metwally, Mostafa Hafez)
Founded in 2005, Timeline develops video games that can be purchased and downloaded online instead of from a physical store. In 2009, Timeline released CellFactor, the first downloadable video game to use sophisticated 3D visuals and game play physics. Check out Ahmed’s editorial on Egypt’s entrepreneurial and gaming environment, as reprinted on our blog.