In the heart of Cairo at Marriot Zamalek, INJAZ Egypt successfully threw a showcase event followed by a ceremony for its program; Start Up Egypt where eight businesses acquired seed funding, physical incubation and legal registration.
Varying from edutainment, e-commerce to production and transportation, a celebration of the teams’ exciting revelations after months of passionate hard work through a series of intensive trainings, was well deserved. These rising entrepreneurs are now equipped with the knowledge and practical experience in generating business models, researching the market and developing their prototypes.
“We are so proud of all 70 startups we have engaged with and served over the past 9 years and we are even more proud of the success so many of them have reached in Egypt, as well as regionally and globally. This year, we are beyond excited to see our latest group of aspiring entrepreneurs reach for the stars and set off on their entrepreneurial journey,” said Dina El Mofty, Co-Founder and CEO, INJAZ Egypt.
Via INJAZ Egypt
Start Up Egypt was designed by INJAZ Egypt to serve 35 idea-stage startups seeking to validate their ideas in order to launch their ventures. It targets graduates between the ages of 21 and 30 and is sponsored by the United States Embassy in Cairo, Boeing, and Emirates National Bank of Dubai (ENBD). In addition to receiving seed funding, these startups will travel to the United States to learn more about the entrepreneurship ecosystem, receive mentorship from American entrepreneurs, and gain valuable international experience.
Via INJAZ Egypt
“Egypt is one of the fastest growing start up hubs in the world thanks to the passion, expertise, and grit of its entrepreneurs! This U.S. Embassy-supported incubator program catalyzes Egypt’s hardworking and daring entrepreneurs who are solving hard problems and empowering their communities,” stated Helen LaFave, Minister-Counselor for Public Affairs, U.S. Embassy Cairo.
Start Up Egypt is one of the largest talent seeking, entrepreneurship programs in Egypt that contribute to the national economy and generates jobs. Participants are assigned mentors and are exposed to a network of influential individuals ensuring that startups receive all the necessary components to launch their business idea into the real world.
Via INJAZ Egypt
The winning teams receiving the seed funding will subsequently enter the third and final phase of the pipeline; incubation where the program ensures that startups receive all the necessary components to launch their business idea into the real world.
