By Tom Jackson
The Egypt-based Innoventures has opened applications for the fifth edition of its six-month Startup Reactor accelerator programme, designed to connect startups with investors and mentors.
Launched in 2011, Innoventures is an innovation platform that aims to bring original Egyptian ideas to market by providing a platform catering to today’s entrepreneurs in the region.
Its six-month Startup Reactor programme is designed to support innovative startups with high growth potential, and is a gateway to connecting entrepreneurs, investors and mentors. Investors and mentors that participate in the programme receive an equity stake in the ventures they choose to support.
Innoventures will select 40 startups to take part in its Ignition bootcamp stage, and receive mentorship and training, before up to 15 startups proceed to the Plasma stage.
Throughout this stage, the startups will undergo an intensive training programme on developing their business models, prototypes, brand identities and customer bases. The qualifying startups receive a package that includes access to office space and facilities, access to mentorship from a network of more than 200 business professionals, consultation services, legal registration and advice, and support services such as accounting, HR and marketing.
In addition, the startups will receive equity funding up to EGP300,000 (US$17,000), with Click here to read entire article