Deadline:

 4 May 2019

Location:

 Egypt

(Fully Funded)

Description

TIEC incubator for social enterprises 

If you have a business plan and a prototype and you are looking for incubation at one of TIEC’s incubator centers. Now you can 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 preliminary accepted teams. The teams who will pass the pitching will be incubated at one of TIEC’s incubation ​​centers for one year. ​

More Details

 

Opportunity Focus Areas:

  • social entrepreneurship
  • leadership
  • business

Required Languages

English and arabic

Eligible Countries

EGYPT.

Program Period

 1 year

  • 4 may 2019 : application deadline
  • 13 may 2019 : announcement of preliminary accepted applicants
  • 15 and 16 may 2019 : Interviews with shortlisted teams
    (TIEC’s Accelerator Program graduates are exempted from this phase based on performance feedback received from the accelerator team and will pass directly to the pitching phase)
  • 19 may 2019 : interview results and call for pitching
  • 23 may 2019 : final pitch
  • 17 June 2019 : announcement of winners
  • 1 July 2019 : beginning of incubation

Eligibility Requirements (Criteria)

IEC’s incubation is all about finding and supporting innovative startups with high commercialization potential. Therefore, for the project to be adequate for incubation, project must score well on the following set of criteria:

  • ICT-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 an 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 will not be 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 in order to be incubated. We accept a startup with a single cofounder in case the cofounder has a good team with him.  Moreover, the team should be dedicating their full time/efforts to lead the project.
  • Solving a real problem: 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.
  • Using Information Technology as a core product or as an enabler to provide a service: the project needs to be focusing 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 commercializable 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 entrepreneurs with prototypes/ proof of concept or startups that have been in business in less than one year can apply.
  • Dedication: The project/startup can not be incubated in another incubator or accelerator at the same time of its incubation at TIEC.​

Opportunity Cost

(Fully Funded)

  • 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.​​​​​​​​​​​​​

How to Apply

First Step: Register in the site

 If you didn’t register before in TIEC website. Please register and apply in  Entrepreneur or Startup  persona from here

Second Step: Accept terms and conditions

In order to proceed with your application process, you need first to accept TIEC’s terms and conditions. ​

Third Step: Apply and Submit your business plan

Your application process ends by submitting your application form and uploading your business plan.
If you don’t have a business plan, you can use Business Plan Template to prepare your business plan.

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:

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This Scholarship Published by:
Nora Alaa / Egypt

Reviewed by “ Shaimaa Abdelmoneim/Egypt
MARJ3 Intern
MARJ3 Scholarships team