Top Egyptian Incubators

Top Egyptian Incubators plays now an important role in helping young entrepreneurs. Because every entrepreneur wants somebody to take his hand at the beginning of the road. In order to teach him business basics & to offer him the technical support or the funding to succeed in his business. And this is what incubators simply do & this is your turn. Here we will offer you a list of top incubators in Egypt. These Top Egyptian Incubators are all  governmental.

Top Egyptian Incubators

1.    Bedaya

The general authority for investment & free zones established Bedaya incubator to help young entrepreneurs. Bedaya offers Bedaya Startup Academy program. This program aims to provide entrepreneurs with the know-how and the skills they need to establish and manage their own company. This program developed in cooperation with the Academy of Scientific Research and technology (ASRT). At the end of the program, teams will their projects to an independent assessment committee prior to introducing them to investors and business community. The best three teams will  join Bedaya Incubator and accelerator programs. Also Bedaya will develop demo day for graduates to assist them in pitching their ideas to interested investors.

Offering

• Incubation space.
• Technical and business development services.
• Access to labs and manufacturing spaces.
• Networking events.

Funding

Bedaya will give 150,000 Egyptian pounds (US$17,000) in funding for each project.

Eligibility (For teams only)

1. Viable and commercializable business idea.
2. Innovative and non repetitive technological idea.
3. The idea should be in priority sectors according to GAFI’s strategic plan (Agribusiness-Engineering industries-Electronics-Textile-Chemical industry-Renewable Energy).
4. A team with different educational and practical backgrounds.
5. Minimum age required for applicants is 21 years.
6. The applicants should be serious and committed to the attendance of the program.
7. Applicants are coachable and ready to be mentored.

Terms of conditions & agreement

1. The attendance should be 75% of the total period of the training program.
2. At least half of the team members should attend the program.
3. Delivering assignments and requested reports on a timely manner.
4. Commitment to the mentors consultants’ directions and advice is a must , as well as interacting during the sessions.
5. Sticking to your Project idea submitted at the beginning of the program.
6. The judgment committee has the right to approve or refuse the idea of the project and its decision is final.

Bedaya famous graduates are Recyclobekia & Egy Glove

2. INTILAC “National Program for the Technological Incubators”

 The second one of the Top Egyptian Incubators is INTILAC. The Academy of scientific research & technology  established this incubation program.

Offering

• Hands-on Training.
• Prototype Financing.
• Technology Validation.
• Technical & Advisory Support.
• Networking with Ecosystem.
• Seed Funding for Technology Commercialization.
• Seed fund up to 150,000 L.E.

Eligibility

1. Technological and applicable idea that addresses national challenges.
2. Economically viable ideas and commitment to implementation.
3. Generate job opportunities to reduce unemployment.
4. Preferably outside Cairo.
5. Cooperation with a university or research institute is preferable to commercialize one of their available technologies.

3. TIEC “Technology Innovation and Entrepreneurship Center”

TIEC is considered one of  the Top Egyptian Incubators.The Technology Innovation and Entrepreneurship Center (TIEC) aims to drive innovation and entrepreneurship in ICT for the benefit of national economy. The center launched at Smart Village on Monday 27th of September 2010. TIEC offers Start IT Incubator program to help Egyptian entrepreneurs.

Start IT Incubator

Overview

The Incubation Department offers an incubation package to startups in the ICT sectors. Teams and startups can apply to TIEC’s incubation at any time during the year. Every three months, TIEC evaluates applications and sends an invitation for pitching to the preliminary accepted teams. After that TIEC incubates the teams who pass the pitching at one of TIEC’s incubation centers for one year.

Eligibility Criteria 

• CT-based or ICT-related: The project must be serving any of the broad ICT categories or related to any of its vast inclusions.
• Innovativeness: The project must be original, new and advancement to any of the solutions readily-available in the marketplace or industry.
• Readiness: The project must be supported by a working prototype (Full conceptual ideas is not considered).
• Entrepreneur-led: The project must be created, conceptualized and led by young entrepreneurs or those who have entrepreneurial traits. Undergraduates are not eligible for incubation and fresh graduates should have the needed skills as well as dedication and commitment. Also, the team size should be at least two members. Moreover, the team should be dedicating their full time/efforts to lead the project.
• Solving a real problem: Idea must offer a smarter or cheaper or upgraded or better solution to a real market problem than the existing solutions. Or solving a future problem or need.
• Using Information Technology as a core product or as an enabler to provide a service: the project should focus on developing a technology related product or providing a service related to any sector. But through developing a tool using information technology as an enabler such as developing a mobile/web application, a platform or a software etc.
• Commercialization Potential: The project must be commercially feasible in nature. And supported by a clear vision on how to penetrate the target market(s) and how it shall grow from there.
• Economic Viability: The project should offer an economically compelling proposition for investors or incubators.
• Scalability: The project should have the potential to grow among significant market sectors and within multiple verticals or layers.
• Status: Either teams with prototypes/ proof of concept or startups that have been in business in less than one year can apply.
• Dedication: The project/startup must not be incubated in another incubator or accelerator at the same time of its incubation at TIEC.

Evaluation Criteria

• The uniqueness of the proposed service/product and its commercialization potential.
• Clearly defined target markets preferably large markets with high growth potential.
• A well defined competitor’s analysis.
• The competitive advantage of the service/ product.
• The skills and expertise of the management team.
• The prototype maturity
• The submitted business plan should at least include a clear understanding of the following:
  • Problem and/or gap in the market and/or need and/or opportunity
  • The Solution with all its features/ description and its current status
  • The prototype current status (include all images and links)
  • Market size, core and adjacent markets and the targeted market
  • Competitors and the startup competitive edge
  • Teams skills, experience and qualification
  • The business model, revenue streams and value proposition
  • Got to market, sales and marketing strategies and channels and the plan to acquire the targeted market
  • Financial projection.
  • At least one year business and technical comprehensive milestones

 Passing Grade
The passing grade in the business plan and pitching is 75%.

Offering:

The duration of TIEC’s incubation is one year and the Physical Incubation package consists of the following.

• 60,000 EGP in Cash over three installments based on milestones achievement
• Up to 120,000 EGP of in-kind services such as consultancy services, software, hardware and support in marketing.
• A working space with basic furniture and Internet Access.
• Basic hardware and software tools during incubation time.
• Access to workshops and mentorship events taking place at TIEC premises and covering different topics such as: business modeling, strategy, finance for startups, digital marketing, how to pitch to investors, etc.

Famous graduates: Crowd Analyzer, TAZCARA, Shezlong

Apply before 3- 11- 2018. Apply Here

4. Ebni

Ebni is another one of the Top Egyptian Incubators. The Academy of Scientific Research established this incubator.

Industries: Telecom, learning, transportation, smart homes, health, water, energy & food. 

EBNI invests in entrepreneurs who dreams to build their startups involving the Internet of Things dynamics, such as sensing, filtering data, and acting on context. EBNI is looking for teams or companies that have innovative IOT products or services preferably Hardware. A prototype or a proof of concept must be available, and priority is given to products or services in the commercialization stage.

Offering

EBNI supports startups incubated and entrepreneurs in different aspects financial, technical and managerial.

• Co-working space 24/7 access and free of rental.
• Prototyping Lab 24/7 access and free of rental.
• Hands-on help, mentor-ship training.
• Exposure to industry experts, serial entrepreneurs.
• Technical and business training.
• Accounting services via a resident accountant.
• Legal assistance services.
• Workshops and resources to enhance and expand your business skills
• Broadband access and Conference room
• Free copier/fax use
• Free internet service.
• Seed fund.(differs according to the program)

Selection criteria 

• Business opportunity
• Market understanding (Customers & Competitors).
• Implementation activities (Solution & Progress).
• Financial model (Revenue streams & Financial analysis).
• Team competency ( at least one team member must be dedicated to the startup).

After graduation all startups will have a full marketing plan, a prototype or Minimum viable product MVP. Besides a full strategic business plan allowing them to manage their new companies. And viability study letting entrepreneurs to introduce their ideas to investors.

EBNI famous graduates: Creetova & Trackky.

WE offered you the Top Egyptian Incubators to help you establish your idea & succeed in your business. So please hurry up and take your seat. Good Luck 🙂