Deadline:

30th June 2019.

Location:

Egypt.

(Accelerators for startups / Fully funded)

Description

Fintech Accelerator – Fall’19.

AUC Venture Lab is Egypt’s first university-based incubator and accelerator at The American University in Cairo. The lab enables startups to capitalize on AUC’s intellectual capital, world-class facilities and research capacities. It connects innovative startups with AUC’s network that includes alumni, faculty, mentors and investors. Through this, it fosters a thriving ecosystem of innovation, education and responsible business.

More Details

The mission of the AUC Venture Lab is twofold: to help Egyptian startups commercialize their innovative technologies and business models into viable ventures that contribute to economic growth, competitiveness and job creation; and to provide a learning and research platform for the AUC community to connect with entrepreneurs.

Opportunity Focus Areas:

  • Aerospace.
  • Agriculture.
  • Biotechnology.
  • Business Products.
  • Business Services.
  • Chemicals and Chemical Products.
  • Clean Technology.
  • Computers and Peripherals.
  • Construction.
  • Consulting.
  • Consumer Products.
  • Consumer Services.
  • Digital Marketing.
  • Education.
  • Electronics / Instrumentation.
  • Fashion.
  • Financial Services.
  • Fintech, Gaming.
  • Healthcare Services.
  • Industrial/Energy.
  • Internet / Web Services.
  • IT Services.
  • Legal.
  • Lifestyle.
  • Marine.
  • Maritime/Shipping.
  • Marketing / Advertising.
  • Media and Entertainment.
  • Medical Devices and Equipment.
  • Mobile, Nanotechnology.
  • Networking and Equipment.
  • Oil and Gas.
  • Real Estate.
  • Retailing / Distribution.
  • Robotics.
  • Security.
  • Semiconductors.
  • Software.
  • Sports.
  • Telecommunications.
  • Transportation.
  • Travel.

Required Languages

English.

Eligible Countries

EGYPT.

Program Period

The Lab provides these startups with an intensive acceleration experience for 4 months, followed by a longer incubation cycle of a year.

Eligibility Requirements (Criteria)

  • Innovative early-stage Egyptian startups from all fields who have/are developing a prototype and are willing to commit to the whole 4 months’ duration of the program.
  • Startups working in #Energy, Health-tech, E-commerce, creative industries and fintech are especially encouraged to apply.

Opportunity Cost

(Accelerators for startups / Fully funded)

  • Evidence-based entrepreneurship & curriculum to validate your business.
  • Specialized business trainings and support.
  • Extensive mentorship from industry experts.
  • Dedicated field-related business coaching.
  • Networking events.
  • Investment opportunities.
  • A co-working space.
  • Access to AUC facilities, students & faculty members.
  • Seed capital award.
  • 0% Equity.
  • Funds up to 20k pounds per team.
  • Overcome market challenges & understand the ins and outs of working within the regulations of the Central Bank of Egypt.
  • Access to Temenos SANDBOX operating System to speed up your on-boarding with banks.

How to Apply

First Step: Fill the application form from here.

Second Step: Complete the information and submit the application.

Apply Now

More Details

Know more about this opportunity:

Official Website

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To learn how to write CV, Essays, Personal statement,  and know about recommendation letters click here:

Marj3 recommended links

This Scholarship Published by:
Hesham Galal / Egypt

Reviewed by “ Areeg Salem /Egypt
MARJ3 Intern
MARJ3 Scholarships team