Arab Finance: The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) awarded Farid Academy the "Startup Label" under Egypt’s National Startup Charter, according to a press release.

This makes Farid the first edtech company in Egypt to receive the recognition, highlighting its role as an innovation leader at the intersection of digital education and mental well-being.

Meanwhile, the startup can access specialized regulatory eased measures, streamlined digital government services, and several incentives designed to accelerate the growth of high-potential ventures.

Founded in 2024 by entrepreneur Mahmoud Hussein, Farid Academy utilizes an innovative "one-to-one" live coaching model, focusing on social-emotional learning (SEL), psychological resilience, and life skills.

The platform, which targets youth aged 3 to 18, offers professional certification programs for young adults and graduates, training them in the "Farid Methodology" to build a specialized workforce of character development coaches.

In line with strategic expansion plans in the GCC region, Farid inaugurated a regional office in Riyadh last year, serving as a regional hub for its Saudi Arabian operations.

"At Farid, we believe a child’s mental health and character are just as vital as their academic achievements," said Mahmoud Hussein, Founder and CEO. "Securing the Startup Label is a strategic milestone in our journey to build a leading Arabic platform that prepares a more conscious, confident generation capable of navigating future challenges."

Looking ahead, Farid aims to empower 10 million children and adolescents across the Arab world by 2030. This is in addition to building a professional army of 10,000 certified coaches trained in its methodology to create a supportive environment for the social and psychological advancement of Middle Eastern societies.