Start IT with Etisalat is an initiative brought by Technology Innovation and Entrepreneurship Center (TIEC) and Etisalat to support the Egyptian youth having a new startup of less than 1 year or willing to build their own startup in turning their ideas into successful enterprises. The initiative focuses on products related to Internet of Things (IOT) or Big Data. There are six challenges under IOT and Big Data for interested applicants to choose from as follow:
A game on the social media/application front for customers to subscribe.
The main objectives of the game are:
- To engage a number of customers,
- encourage them to create groups to compete,
- enter their accurate data to subscribe,
- And increase internet usage.
Build a platform whereby users will have access to plenty of information/services related to their electricity consumption including:
- billing information,
- payments, etc.
An app/platform that categorizes news, social or other media content feeds from different sources and includes many other features.
An application to engage users interested in health, fitness, nutrition and weight loss addicts in a way that improves their data usage and activity rates on our network and at the same time knowing their lifestyle behaviors.
How to use IoT to enable the creation of smart city and offer its residents a smart portfolio full of innovative services
How to take the advantage of IoT to make proper grain distribution and reduce postharvest losses.
Start IT with Etisalat initiative is designed in a way that participants get different benefits by taking part in each phase as follow:
The boot camp phase:
A maximum of 20 teams will learn how to better formulate their ideas, related to one of the initiative challenges, into projects that meet the market needs. Participants can test their assumptions, validate their ideas and create prototypes with the help of experienced mentors and coaches from Etisalat and TIEC.
Participants will also practice on pitching to potential investors.
The pre-incubation phase:
A maximum of 10 teams (winners from the boot camp) gets a two-month pre-incubation program during which they will receive a set of training courses, closer mentoring and coaching from Etisalat and TIEC experts as well as a network of mentors. Teams can work on further developing their products at TIEC's premises and will get technical support and have access to tools and devices from Etisalat.
In addition, participating teams will obtain a vast array of benefits from some of Etisalat’s partners.
The incubation phase:
The best two teams from the pre-incubation phase will receive a ten-month incubation support at TIEC’s premises.
TIEC delivers winning teams their own offices at its premises. They will also get basic tools and equipment. Both TIEC and Etisalat experts offer them technical and business support. In-kind services value up to 120,000 EGP will be available.
Applicants aged 21 years or above.
Applicants are allowed to apply with projects related to one of the initiatives' challenges
The Project pertains to a new business startup that must be created in Egypt and implemented within a maximum of three (3) months following the selection of winners in the incubation phase
The Project pertains to a business that is less than one (1) year old and is currently being developed in Egypt.
The team size is at least four members. In case of startups with less than one year in business, it must have at least two founders (legal documents have to be showcased).
Applicants who reach the pitching stage must testify that they will dedicate their full time/efforts to lead their projects when incubated. Moreover, no legal, social or vocational constraints would forbid them from doing so.
Applicants who are residents of Egypt or outside including all provisional areas are eligible to participate given their acceptance to the criterion about dedication.
Only Egyptian applicants are eligible to apply.
Ideas/ projects have to be related to one of the described six challenges (Gamification, Smart Electricity Meter, My Organizer, Fitness and Healthcare, Smart Silos, Smart City)
The founding team needs to have complementary competences, skill sets and qualities needed for the business.
The idea of the project must be original, new and an advancement to any of the solutions readily available in the marketplace or industry.
The project must offer a smarter, cheaper, upgraded or better solution to a real market problem than existing solutions or solving a future problem or need.
The project must involve a high potential for commercialization in nature, be supported by a clear vision on how to penetrate the target market(s) and how it will grow from there.
The project offers an economically compelling proposition for investors
The project harnesses the potential to grow among significant market sectors and within multiple verticals or layers.
Start IT with Etisalat initiative is formed of different phases as follows:
|Application submission||18 May - 30 June 2016|
|Announcement of preliminarily accepted applicants||7 July 2016|
|Interviews with preliminarily accepted applicants||12 July - 25 July 2016|
|Announcement of interviews results||27 July 2016|
|Boot camp sessions (6 boot camp days will be provided over 4 weeks). Participants will have to attend all the 6 days.||8 August - 17 August 2016|
|End of boot camp pitching day||30 August 2016|
|Announcement of Boot camp winners||31 August 2016|
|Pre-incubation phase (maximum 10 winning teams from the boot camp will be eligible to proceed to the pre-incubation phase)||19 September 2016 - 14 November 2016|
|Pre-incubation pitching day||15 November 2016|
|Incubation||1 December 2016 – 30 September 2017|
- Applicants agree to take full responsibility for the content of the submission and they further agree to abide by the terms and conditions of usage defined. All entries and content are subject to moderation. Content that is defamatory, malicious, and offensive or involves breach of copyright, trademarks or other intellectual property rights will not be allowed.
- Entrants must own the intellectual property rights, including the copyright in or have permission to use any materials submitted for the competition. TIEC will not be responsible for breach of any copyright or other third party intellectual property and proprietary rights by the entrant.
- Terms and conditions are subject to change without reference to the contestants.
- By applying, each applicant hereby warrants that he/she is the original author of the submission and that the submission does not or will not infringe any third party's intellectual property and proprietary rights, including their copyright, patent, trade mark, trade secret, design or other proprietary rights or rights of publicity or privacy.
- Applicants are not working employees at one of the sponsor companies.