Application deadline; April 15, 2018:
InnoEgypt is a business incubation program supporting entrepreneurship in Egypt, funded by the European Commission and the Egyptian Government (EuropAID).
The program’s main aim is fostering the national transformation toward sustainable knowledge-based economy in Egypt via intensifying the existence, sustainability, and impact of innovative start-ups.
In order to contribute to the competitiveness of the Egyptian economy, InnoEgypt is based on two interlinked tracks:
- Creating local jobs via empowering young entrepreneurs and SMEs with high growth potential;
- Defining and empowering the supply networks and value chains in order to understand the market needs to create better potentials and provide opportunities in a newly designed ecosystem.
Provide full package incubation services including a set of entrepreneurial toolkits, seed funding, consultancies, etc.
Unlock industrial priority sectors in Egypt via sustainable technological-based innovations “Channel resources”;
Visualize Entrepreneurship potentials (Innovation-Business Interaction) for better enabling environment for start-ups in Egypt;
Enhance innovation-business cooperation with European partners;
Identifying and stocktaking of the value chain for each sector;
Market assessments and defining potential business opportunities;
Designing of interventions and development of the entrepreneurial toolkit;
Pre-Incubation/Identification Stage (boot-camping, training);
Real Incubation Stage;
Post-Incubation & Sustainability Stage;
Dissemination, Exploitation and Strategic Partnerships;
Coordination and Management;
Market assessment of 4 industrial priority sectors in Egypt (Agro-Food, Construction & Energy, Information & Communication Technology, Textile and Handcrafts);
Incubate more than 40 start-ups for two years;
Provide boot-camping and scouting for more than 160 potential entrepreneurs;
Organize various training sessions;
Organize various study tours to other business incubators in Egypt and Europe;
Establish Egyptian Innovation & Entrepreneurship Agro/platform;
Achieve and sustain networks between the start-ups and industries in specialized fields.