To support the development of new startups with innovative products/services addressing energy, water and/or resource efficiency in Egyptian Industries, financial as well as non-financial support will be provided to 10 startups selected through this open call.
The selection process will depend on: a) Current online submission (including business plan assessment and budget), and b) Business presentation/pitching.
Selected startups will go through an incubation phase for about 12 months where seed funds (up to 15,000 Euros) will be offered to cover for activities such as product/service development, marketing, staff cost, testing & validation, etc. The total amount of financial support will be defined according to the startup Business Plan, Business Model (including costs, revenues & risks), value proposition and marketability, and business implementation activities.
In addition to financial support, incubated startups will also benefit from the other services/facilities that would enable them to develop their business in an entrepreneurship conducive environment, including;
- Designated co-working space
- Business mentorship and coaching
- Networking and access to selected events to showcase their products/services
- Training in business-related topics
The selection process is transparent, impartial and apply equal opportunity measures. Females and minorities are encouraged to apply.