General Purpose of “InnoEgypt” is to foster national transformation toward a sustainable innovative-based economy in Egypt via intensifying the existence, sustainability & impact of young entrepreneurial start-ups.
This to be achieved by two interlinked tracks: creating local jobs and empowering young entrepreneurs and SMEs with high growth potential, and defining and empowering the supply networks and value chains in order to understand the market needs to create better potentials and provide opportunities in a newly designed ecosystem.
The Project Specific Objectives:
– Provide full incubation package including a set of entrepreneurial toolkits, seed funding, Mentorship, capacity building, fundraising.
– Unlock industrial priority sectors in Egypt via market and value chain assessment
– Visualize Entrepreneurship potentials for better enabling environment for start-ups in Egypt.
– Enhance innovation-business cooperation with European partners.
Main activities of project:
Act.1 Identifying and stocktaking of the value chain for each sector;
Act.2 Market assessments and defining potential business opportunities;
Act.3 Designing of interventions & development of the entrepreneurial toolkit;
Act.4 Pre-Incubation Identification Stage (boot-Camping, training);
Act.5 Real Incubation Stage;
Act.6 Post-Incubation & Sustainability Stage;
Act.7 Dissemination, Exploitation, and Strategic Partnerships;
Act.8 Coordination and Management