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Note: The application submission deadline for the coming round is
30th of Apr 2017


Apply Now

If you already have an account and you need to edit your submitted information login here

New Entry Process

If you have a business plan and a prototype and you are looking for incubation at one of TIEC's incubator centers. Now you can apply to TIEC incubation at any time during the year. Every three months, the submitted applications will be evaluated and an invitation for pitching will be sent to the preliminary accepted teams. The teams who will pass the pitching will be incubated at one of TIEC's incubation centers for one year.

The duration of TIEC's incubation is one year and the Physical Incubation package consists of the following:
  • Up to 120K EGP of in-kind services such as consultancy services, software, hardware and marketing.
  • A working space with basic furniture and Internet Access.
  • Basic hardware and software tools during incubation time.
  • Access to technical, subject-matter advisory, business consulting and mentoring.






Application Process

Step 1Step2Step 3

Step 1: Accept terms and conditions

In order to proceed with your application process, you need first to accept TIEC's terms and conditions.

Step 2: Create your login account

You can use your login account later on if you need to do any modifications or editing in the submitted application information.

Step 3: Apply and Submit your business plan

Your application process ends by submitting your application form and uploading your business plan.


Phase

Deadline

Application and Business Plan Deadline

30th of Apr 2017

Announcement of preliminary accepted applications

10th of May 2017

Interviews with shortlisted teams
(TIEC's Accelerator Program graduates are exempted from this phase based on performance feedback received from the accelerator team and will pass directly to the pitching phase)

14,15 th of May 2017

Interviews results and call for pitching

17th of May 2017

Final Pitching

22nd of May 2017

Announcement of winners

1st of June 2017

Beginning of Incubation

2nd of July 2017

Selection Criteria

TIEC'sincubation 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. Undergraduates are not eligible for incubation and fresh graduates should have the needed skills as well as dedication and commitment in order to be incubated and the team size should be at least two members. Moreover, the team should be dedicating their full time/efforts to lead the project.
  • 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.
  • 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.
  • 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 teams with prototypes/ proof of concept or startups that have been in business in less than one year can apply.
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:
    • Problem and/or gap in the market and/or need and/or opportunity
    • The Solution with all its features/ description and its current status
    • The prototype current status (include all images and links)
    • Market size, core and adjacent markets and the targeted market
    • Competitors and the startup competitive edge
    • Teams skills, experience and qualification
    • The business model, revenue streams and value proposition
    • Got to market, sales and marketing strategies and channels and the plan to acquire the targeted market
    • Financial projection
    • At least one year business and technical comprehensive milestones
Passing Grade

The passing grade in the business plan and pitching is 75%.


Measuring Progress

Incubation Progress

# of jobs created in incubated companies
icon Tip of the week
Wishing for Innovation isn’t Enough
Innovation is increasingly viewed as critical to sustaining a competitive advantage in the changing global marketplace.
Many people indicate that their innovation efforts are lacking. What gives?

Source :http://www.entrepreneur.com/article/228516
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