TIEC is offering a great workshop opportunity in Egypt to Entrepreneurs who have a business plan and a prototype and is looking for incubation at one of TIEC's incubator centers. You can now apply to TIEC incubation at any time during the year. Every three months, the submitted applications will be evaluated and an invitation for pitching will be sent to the preliminarily accepted teams.
Eligibility Criteria:
- The project must be serving any of the broad ICT categories.
- The project must be original, new and advancement to any of the solutions readily available in the marketplace or industry.
- The project must be supported by a working prototype.
- The project must be created, conceptualized and led by young entrepreneurs.
- Idea must be offering 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.
- The project must be commercialized in nature and supported by a clear vision of how to penetrate the target market(s).
- The project should offer an economically compelling proposition for investors or incubators.
- The project should have the potential to grow among significant market sectors and within multiple verticals or layers.
Evaluation Criteria:
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.
Benefits:
- 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 technical, subject-matter advisory, business consulting and mentoring.
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