Innoventures, in partnership with VC4A, CEDARE and JuiceLabs, has announced the top 10 startup companies chosen to proceed to “Plasma”, the third stage in its Startup Reactor program. The startup companies chosen are operating in different industries such as agriculture technology, consumer electronics, and industrial automation.
During “Plasma”, selected entrepreneurs will have access to the full startup-support benefits provided by Innoventures, including office space, legal company registration, branding, mentoring, and in-depth sessions about how to build a company, in addition to seed funding for the more advanced startups.
These 10 companies were selected from 39 startups that took part in the second stage, “Ignition”, an intensive 6-week training workshop that took place during the month of May 2017. The program has already started to work with these promising 11 startups since July 2017, to launch and grow their companies, and prepare for seeking further investment.
About Startup Reactor:
Startup Reactor is a unique program designed to support innovative startups operating in several high-opportunity industries in Egypt. This year, Innoventures is operating its fourth cycle of Startup Reactor with three separate tracks:
• Main Track: startups from any industry in partnership with VC4A
• Media Track: startups in media, advertising, analytics, content platform, content creation automation, e-commerce, talent management, and influencer management in partnership with VC4A and JuiceLabs
• E-Waste Track: startups that recycle electronic waste in partnership with CEDARE, SRI, Chemonics, and CleanTech Arabia.
The 10 chosen startups are:
1. Tomatiki: A technology company which produces smart agriculture products that help maximize crop production, reduce cost, and secure agriculture sector investments inside Egypt and Africa on the short term and globally on the long term.
2. Imaginators: An online platform that helps people showcase their work professionally and interactively. Users can build their online portfolios and create interactive presentations for their work just by dragging and dropping needed elements, add animations, and customizing the design of the presentation.
3. Hanorder: A food ordering mobile application that focuses on group ordering. It makes users pick a restaurant, select their food choice, and place the order in a 3 simple-steps-process. Also payment options will be introduced in the app.
4. Bionic Limbs: A prosthetic limbs startup that aims to provide amputees with a wide variety of solutions that boosts their productivity.
5. Nezaker: An integrated platform for parents that helps them improve their children’s educational, psychological, cultural, physical, social, and moral performance during the different education stages through smart short videos between 3 to 10 mins.
6. Agrona: Particleboard manufacturing from agricultural residues using a new cutting-edge technology and manufacturing of other engineered wood and natural fiber composites.
7. Okhtub: An intelligent matchmaking platform and mobile app that provides serious, suitable life partner recommendations; so that only verified people could be connected. It also designed to be accepted by MENA culture.
8. Happiana: An adaptable charging solution to fulfil the different needs for different people.
9. E-kacia: A mobile app for the collection of electronic waste materials to be recycled to produce high tech products.
10. TechnoRecycle: E-waste recycling services starting with collecting from different sources, sorting and supplying customers with mother boards, metals and other reusable materials.
After “Plasma” ends, the fourth stage, “Nova”, will take place in December, which is a grand Demo Day when startups will have the chance to pitch in front of investors to win cash prizes totalling 15,000 EUR provided by VC4A.
Innoventures LLC was launched in 2011 as an innovation platform to bring the wealth of original Egyptian ideas to market by providing a platform catering to entrepreneurs in the region. The company caught the attention of the entrepreneurial industry and community when it partnered with Google to design and execute a first-of-its-kind program for Internet startups in Egypt. The program created widespread impact and provided exposure to a vast network of mentors, investors and entrepreneurs. The company also runs ‘Ideaspace’, a co-working and events space offering programs and services for entrepreneurs and innovators.
VC4A strives to strengthen Africa’s startup community by connecting African entrepreneurs creating innovative and scalable business with the knowledge, network and funding they require to succeed. VC4A.com is the online resource where this community of founders, investors, mentors and experts convene. VC4A offers its online infrastructure, network and expertise for the implementation of programs, such as the Work in Progress Alliance, the World Bank’s XL Africa program and the Thomson Reuters Africa Startups Challenge, that seek to contribute to Africa’s startup movement.