Innoventures LLC, in partnership with VC4Africa, have launched the third cycle of Startup Reactor for Egyptian startups. This five-month program is accepting applications with the aim of coaching and investing in 10 Egyptian seed-stage startups starting in August 2016. Deadline for applications is July 10.
25 startups will be initially selected based on their innovation, market opportunity, and team commitment. The industry focus will be on clean technology, energy, software, electronics, product design, agriculture technology, media, culture and business intelligence. The startups will attend a one month bootcamp, and the 10 most promising participants will advance to the complete Startup Reactor program.
All applicants to the program will benefit from continuous exposure to investors and partners through the VC4Africa platform. Startups qualifying for Startup Reactor will follow an immersive training and mentoring program as they develop their business model, prototype, brand and customer base.
The top 3 startups will also receive cash prizes totaling €10,000 from Work In Progress! alliance. Participating investors and mentors will take an equity stake in the ventures which they choose to support.
Startups interested can apply here.
Innoventures LLC was founded in 2011 as a platform for innovative early stage ventures. Innoventures facilitates and manages investments in startups specializing in innovative opportunity areas. The company supports the country’s most promising entrepreneurs through an array of activities, including seed-stage acceleration, venture funding, business mentoring and training, community programs, and creating and running innovation spaces named Ideaspace.
VC4Africa is a platform for startup funding and dedicated to building game changing companies on the African continent and supporting the growth of Africa’s startup ecosystem. Together with Innoventures LLC, VC4Africa believes Startup Reactor will be a milepost in building the continent’s entrepreneurship community, expanding its international network.