SPARK! Ventures

National Network
مصر
Address

H45 The Hill, El Gouna 84513, Red Sea
Hurghada
مصر

Telephone
0184402945
E-Mail
reem@sparkprograms.com
Organisation Type
Private Company
Year of Establishment
2007
Fields of Activity
  1. Youth and education
General Information
SPARK! Ventures is an educational and entrepreneurial youth summer program founded in 2007 under the auspices of The Massachusetts Institute of Technology (MIT) as a result of a group research project investigating the reasons behind the rapid growth of some developing countries over others. This research showed that countries whose economies were based on a strong domestic enterprise grew faster than those whose economies were based on Foreign Direct Investment. Egypt was chosen by one of the researchers, Sherife Abdelmessih, as the location for implementing the project. In its pilot phase, the program was individually led and made possible by a number of full time volunteers who committed themselves to SPRAK! during the summer. SPARK! then developed and expanded to include 4 full time staff in addition to a team of 10 volunteers, workshop leaders and speakers. Since it was established, SPARK! depended on corporate sponsors to fund its programs and activities.
Mission and Objectives

SPARK! aims to create an entrepreneurial ecosystem in developing countries in order to create a domestic enterprise that leads to rapid and sustainable economic growth. Headquartered in Egypt with operations in several Mediterranean countries, SPARK! has created a talent pipeline to include high school students, college students and fulltime entrepreneurs through its diverse pioneering programs. This talent pipeline brings in youth with high potential and gives them the resources they need to act on and fulfill that potential, producing high impact leaders and entrepreneurs every year that bring about the much needed change in their societies. After the rollout of the entrepreneurial ecosystem is complete in Egypt, SPARK! aspires to replicate this in other regions since the program has been designed with a modular, scalable and inter-regional approach. Moreover, SPARK!’s long-term objective is to create a revolutionary educational system for K-12 and university programs that would produce leaders similar to the renaissance generation.

Main Projects / Activities

SPARK! hosts a number of programs targeting 3 different age groups: SPARK! Mediterranean Summer Camp for promising students from top high schools to further develop their life skills and to equip them with the know-how to develop their ideas into business plans. Its Entrepreneurship Summer Program tailored for exceptional college students who have demonstrated strong entrepreneurial initiative. The program equips them with the tools and skills they need to turn their ideas into businesses and social ventures. This is in addition to the topic-based programs for college students such as the product design program and the web and mobile application program. Furthermore, the SPARK! Venture Launch Pad targets early stage startups and supports them by providing them with seed funding, office space, a strong mentor network and overheads such as legal, accounting, consulting & marketing support, in addition to taking an active role in developing their strategy and business model.

Contact (1) Full Name
Sherife Abdelmessih
Head of the organisation
Sherife Abdelmessih
Contact (2) Full Name
Reem Yusuf