Stakeholder Update
Mercatura Forum was established in July 2023 with the primary objective of providing incubation support to tech-focused startups and artists. Over the past few months, our managing partners have dedicated their efforts to finding the perfect location to create a hub that caters to the needs of both artists and startups.
In September 2023, we successfully acquired a spacious 3000 m2 space on the Mokattam Mountain in Cairo, overlooking the beautiful city. This location offers a conducive environment for creativity and innovation.
Team Expansion and Hiring Campaign
During this period, we have also focused on building a strong team of industry experts who will spearhead our incubation programs. We have hired a diverse range of professionals including lawyers, economists, tech developers, graphic designers, VFX/CGI artists, creative directors, business developers, and even cinematographers.
Our hiring campaign was extensive, ensuring that we have the right talent to carry out the technical work required for our incubation programs. Each team member brings unique skills and expertise to the table, contributing to the overall success of Mercatura Forum.
Investments and Incubation Success
Prior to the inauguration of our campus, we made strategic investments in three promising companies. These investments, coupled with our “soft” incubation support, have proven to be highly successful. The companies we have supported have experienced remarkable growth, transforming from zero revenue to profitability within a span of just five months.
One notable example is the collaboration between Hawas Group and Construction Robotics in Russia. With our support, they have expanded their operations to various African countries, constructing sustainable buildings and making a positive impact on local communities.
Additionally, our media arm, The Loft88, has been actively engaged in providing services to international and regional organizations. Their recent projects include collaborations with renowned individuals such as Brittany Kaiser and Vesa Kivinen, further enhancing our reputation in the industry.
At Mercatura Forum, we remain dedicated to fostering innovation, supporting startups, and promoting artistic endeavors. We are constantly striving to provide the necessary resources and guidance to help our incubated companies thrive.
Thank you for your continued support and trust in our vision. We look forward to sharing more updates with you in the future.