Skip navigation links
About TIEC
Support Programs
Media Center
Resources Area
Innovation Support Department
Incubation
Share :
Note: The application submission deadline for the coming round is
31st of Jan 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

31st of Jan 2017

Announcement of preliminary accepted applications

12th of Feb 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)

14,15,16 th of Feb 2017

Interviews results and call for pitching

19th of Feb 2017

Final Pitching

23rd of Feb 2017

Announcement of winners

15th of March 2017

Beginning of Incubation

2nd of April 2017

Selection Criteria

TIEC's incubation is all about finding and supporting innovative startups with high commercialization potential. Therefore, for the applicants’ ideas to be adequate for the incubation, ideas must score well on the following set of criteria:
  • ICT-based or ICT-related: Idea must be serving any of the broad ICT categories or related to any of its vast inclusions.
  • Innovativeness: Idea must be original, new and an advancement to any of the solutions readily-available in the marketplace or industry.
  • Readiness: Idea must be supported by a working prototype (Full conceptual ideas may not be considered).
  • Entrepreneur-led: Idea must be created, conceptualized and led by young entrepreneurs or those who have entrepreneurial traits.
  • 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.
  • Commercialization Potential: Idea 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: Idea offers an economically compelling proposition for investors or incubators.
  • Scalability: Idea has the potential to grow among significant market sectors and within multiple verticals or layers.
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.
Passing Grade

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

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
Home | Site Map
Follow Us On

Copyright © 2014 TIEC . All rights reserved

TIEC Launches