StartIT Incubation Program

If you have a business plan and a prototype.

Now you can apply to TIEC incubation at any time during the year.​

Apply Now
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Incubation Package


If you have a business plan and prototype and are looking for incubation at one of TIEC's incubator centers, you can now apply at any time during the year...

180k EGP fund

180k EGP fund

0% equity for marketing, HR, legal and technical services

Office Space

Office Space

Office space available 24/7 with furniture and internet

Exhibitions

Access to Exhibitions

Access to local and international exhibitions

Cloud Services

Cloud Services

6000 USD cloud services from Amazon & Google

Advisory & Mentoring

Advisory & Mentoring

Access to technical, business consulting and mentoring

TIEC Alumni

TIEC Alumni

Access to TIEC's incubation alumni

Investors

Access to Investors

Connections to investors

Transportation Services

Transportation Services

Transportation services for your convenience


Application Process
 
Step 1: Apply and Submit your business plan

If you don't have a business plan, you can use the Business Plan Template to prepare your business plan.
Fill in the application form.

Step 2: Interview Phase
Step 3: Pitching

Eligibility Criteria
 

TIEC'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. University undergraduates are not eligible for incubation, while graduates with a university degree should have the needed skills 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.


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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.
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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.​

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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 can apply.

 
Dedication: The project/startup can not be incubated in another incubator or accelerator at the same time of its incubation at TIEC.​

Reapplying for Start IT program

 
Projects/Startups that did not pass the pitching phase can reapply only one more time but after two rounds from their first pitch, and with the condition that they should have worked on the judges ‘comments that caused their rejection and validated their product/ solution.

Evaluation Criteria
 
 
The uniqueness of the proposed service/product and its commercialization potential.
 
Clearly defined target markets preferably large markets with high growth potential.
 
A well defined competitors analysis.
 
The competitive advantage of the service/ product.
 
The skills and expertise of the management team.
 
The prototype maturity
 
The submitted business plan should at least include a clear understanding of the following:

  1. - Problem and/or gap in the market and/or need and/or opportunity.
  2. - The Solution with all its features/ description and its current status​.
  3. - The prototype current status (include all images and links).
  4. - Market size, core and adjacent markets and the targeted market.​​
  5. - Competitors and the startup competitive edge.
  6. - Teams skills, experience and qualification.
  7. - The business model, revenue streams and value proposition.
  8. - Got to market, sales and marketing strategies and channels and the plan to acquire the targeted market.
  9. - Financial projection.
  10. - At least one year business and technical comprehensive milestones. ​

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Important Dates
 

Phase
Deadline
Application Deadline
9th of November 2024
Announcement
19th of November 2024
Interviews with shortlisted teams
24th - 25th November 2024
Interview results and call for pitching
26th of November 2024
Final Pitching 3rd of December 2024
Announcement of winners 22nd of December 2024
Beginning of Incubation
1st of January 2025
 


Startups
Beneficiaries
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Measures​/Year​
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