Startups of Alex – Spring 2022

Bring Your Startup to The Market!

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“Startups of Alex” is the 1st Alexandrian business incubator launched by icealex. We aim to connect the different components of the Alexandrian startup ecosystem, meaning linking the startups themselves with mentors, investors, partners and supporting organizations such as co-working spaces and innovation & technology hubs. We believe that Alexandrian entrepreneurs have great ideas and the capability to create their own businesses. Some of them know their way and others face some obstacles, so we gather to share knowledge and help each other to increase economic development through empowering Alexandrian entrepreneurs.

Overview

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March 6, 2022
Organizericealex
Website Visit website
Targets Egypt
Sectors Sector agnostic
Partner Organization icealex image of Icealex
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About Icealex

icealex is a community-driven technology innovation hub with a strong social and environmental commitment. We aim to provide an enabling ecosystem for action-oriented minds co-creating sustainable solutions for local challenges in Alexandria. icealex offers a variety of services for Private Sector, Government and Civil Society. Amongst these services are consultation & mentoring, high-end training workshops, impact programmes, co-working facilities, and rapid prototyping and manufacturing services. icehubs is an ever-growing international network of hubs in Cairo and Alexandria (Egypt), Addis Ababa (Ethiopia) and Weimar (Germany). ICE activities seek to enable innovation, collaboration and entrepreneurship in terms of actions and behaviors – create, share, and benefit.

Program benefits

The Startups of Alex Incubation program package includes

  • Mentoring & Coaching: Business Development, Technical Advisory, Pitching
  • Trainings: Business Modelling, Customer Validation, Sales, Digital Marketing
  • Professional Services:Legal Assistance, Branding, +more
  • Investment Opportunity:Demo Days, Investors Meetups, Seed fund
  • Seed Fund:Up to EGP 50,000 fund with 0% equity
  • Business Networks: Access to Business Associations, investors, connections
  • Professional Consultancy: Custom-tailored consultancy expertise
  • Access to Shared Office: Coworking space, internet, Meeting Room, equipment

Eligibility criteria

  1. Age: 18-35
  2. The startup must have a team from 2 to 5.
  3. Relevant professional experience.
  4. At least one team member dedicated tor 12 hours per week to commit to working on the startup, attending weekly updates, meetings, training & mentorship sessions.
  5. The startup must have revenue-generating model with a clear potential for growth nationally and/or regionally.
  6. Validated prototype must be submitted.
  7. The startup must have a clear, proven social/environmental impact
  8. The startup should be operating for at least one year.

Activity