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Four Winning Startups Fascinate Judges at Vested Summit Competition

Bus services platform Tawseela won the chance of one on one meetings with investors and venture capital companies in VestedSummit’s shark zone track on Saturday. Additionally, Brand agency Superunion who were on the judging panel, chose website builder Retailak, cashless payments app XPAY and queue tracking app Dor-e, to join their brand coaching program. Superunion chose the three startups after being fascinated by their pitches. The shark zone track was supposed to have only one winner.

Vested summit, the world’s first conscious technology summit, took place at red sea resort town El Gouna and focused on technological solutions to societal issues with its three tracks, a hackathon, a global exposure track, a shark zone track and a tech expo for startups. Each track had a separate agenda which included panel discussions, pitches and workshops.

The summit was powered by Skale Up Ventures with a number of partners and sponsors including strategic partnerships with Superunion, Wuzzuf, and Brandberries. Berlin Campus El Gouna was an educational partner and Orascom Development, G space and El Gouna were main partners of the summit.

Saturday, which was the summit’s closing day, also saw the announcement of Skale Up Ventures’ latest product, In-Conscious platform, an application which aims to discover conscious technology startups by connecting entrepreneurs with investors through creating and sharing videos.

The global exposure track presented the story of Nour Haridy, a 20-year-old college student who took a gap year last year to become a blockchain technology expert. Today, Haridy is a blockchain architect and co-founder at the first blockchain lab based in Cairo, Lamarkaz.

Haridy spoke about obstacles facing the emerging blockchain technology all over the world and said Improving regulations for the tech industry has grey areas. He used the emerge of the internet as an example. Fears in Egypt surrounding security and encryption and more have been resolved, and then camethe internet adoption era. This “will soon be in blockchain,” Haridy explained.

Another session titled “in a World of Virtual Reality” spoke about gamification and its different uses. Founder and president of Artmedia studio Pierre Moisan, said, “gamification can give you access to a better life and a job.”

The summit also saw many workshops on topics such as branding, virtual reality and design by industry leaders.

During the summit's special announcements, TIEC’s head of entrepreneurship Rasha Tantawy announced a conscious fund of 40 million EGP for venture capitals. The fund will not be run by TIEC, but by the venture capital companies themselves, Tantawy explained. The only criteria for the projects is that they should be conscious, meaning that they should focus on transportation, renewable energy, health, agriculture and education. To know more about the fund, click here.

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