Bokra, a leading fintech company in the MENA region, has partnered with the Canadian International College (CIC) to launch a groundbreaking EGP 10 million ($207,000) fund aimed at empowering student entrepreneurs. This collaboration represents a significant step forward for Egypt's educational and entrepreneurial ecosystems, providing aspiring changemakers at CIC with the financial backing and resources needed to transform their innovative ideas into reality. The initiative underscores a shared commitment to fostering a new generation of entrepreneurs capable of driving progress and innovation in the region.

A Strategic Partnership for Innovation

Bokra, the MENA region’s first goal-achiever app backed by real assets, has long been focused on fostering financial goals through cutting-edge technology and a commitment to real-world assets like real estate and precious metals. This new collaboration with CIC marks a pivotal moment in Bokra’s mission to build a mature and dynamic startup ecosystem in Egypt. The partnership seeks to empower the next generation of entrepreneurs by providing them with essential funding, resources, and mentorship to thrive in today’s competitive landscape.

The EGP 10 million student fund is designed to nurture innovative ideas, specifically focusing on early-stage student projects. This collaboration aims to foster a new era of entrepreneurial progress in Egypt, planting the seeds for growth through strategic mentorship and financial support.

Launching Bokra Academy: Bridging the Gap Between Academia and Industry

The partnership between Bokra and CIC also gave rise to a new initiative, "Bokra Academy," which aims to bridge the gap between academia and industry. This platform is designed to equip Egypt's youth with essential skills, creating a more seamless transition from educational institutions to the professional world. By offering certified courses in areas such as financial planning, marketing, technology, artificial intelligence, and corporate law, the academy is providing students with the practical tools they need to excel in the business world.

The Bokra Academy doesn’t stop at education. Graduates of these programs will have access to a job pool within Bokra and its partner organizations, providing them with tangible opportunities for employment. The most promising graduates will also benefit from fast-tracked access to the newly established EGP 10 million fund, allowing them to secure the financial backing required to bring their entrepreneurial visions to life.

Visionary Leadership Driving the Initiative

Both Bokra and CIC have emphasized the importance of this partnership in shaping the future of Egypt's entrepreneurial ecosystem. Ayman El-Sawy, Founder and CEO of Bokra, expressed his excitement about the collaboration, highlighting the company’s mission to make financial goals a reality for Egypt’s youth. According to El-Sawy, the EGP 10 million fund is a testament to Bokra’s commitment to nurturing a new era of entrepreneurship, making it accessible to all those who dare to innovate.

Similarly, Magdy El Kady, Chairman of CIC, spoke of his pride in collaborating with a forward-thinking company like Bokra. El Kady emphasized that the partnership will provide students with the necessary tools and opportunities to unleash their potential and contribute to positive change within society and the economy.

A Step Towards Fostering a ‘Digital Egypt’

This strategic collaboration also aligns with the Egyptian government's vision for a stronger, more dynamic 'Digital Egypt.' By empowering youth with both educational and financial resources, Bokra and CIC are playing a critical role in fostering innovation that contributes to the nation’s digital transformation. The initiative aims to build a closed-loop system, where education leads directly to either employment or funding for entrepreneurial projects, further driving economic growth.

Graduates from the Bokra Academy will be well-positioned to contribute to Egypt’s economy, either through professional roles within partner organizations or by launching their startups. The seamless access to funding through the EGP 10 million student fund will ensure that the best ideas are not left on the drawing board but brought to fruition, fueling innovation and progress.

The partnership between Bokra and CIC is a groundbreaking step in Egypt's entrepreneurial landscape. By launching the EGP 10 million fund and creating the Bokra Academy, both organizations are providing students with the essential tools to succeed. Through this initiative, they are not only nurturing the next generation of entrepreneurs but also driving the nation’s digital transformation. As Egypt moves toward a more innovative future, collaborations like this will play a critical role in fostering a dynamic, forward-thinking economy.