Athar Accelerator in Upper Egypt

Athar is an accelerator in Upper Egypt. Since its beginnings as a coworking space, New Silk Roads has worked with Athar to grow into Upper Egypt’s leading startup accelerator. Our team has provided fundraising assistance and trainings to the Athar team, resulting in Athar successfully raising funds from Creativa, Orange Corners, the Drosos Foundation, and the Finnish Embassy in Cairo, among others. As Athar scaled, we offered strategic advising, policy development assistance, and introductions to national and international ecosystem players – especially as Athar specialised in supporting agriculture, energy, and climate startups. We have also directly trained Athar-supported startups on programme design and financial diversification, resulting in follow on funding and geographic expansion.

Scaling Green Startups in Upper Egypt

Athar is an accelerator specialised in supporting green sector startups and scaleups in Upper Egypt. Through an EBRD-funded voucher programme, Athar engaged New Silk Roads to provide direct fundraising and professionalisation services directly to the Athar team. In parallel, our team also delivered tailored fundraising and programme design support for a portfolio of green startups from the Egyptian cities of Alexandria, Assuit, and Sohag.

This support resulted in direct follow on funding, such as for Salahly from Assuit, which raised additional funds from LifeMakers Foundation.