Start-up, also known as nascent, firms are set up in an uncertain environment intending to bring a new opportunity to the market. These small and micro-businesses play a key role in the Egyptian economy.
The increasing surge of startups and venture capital has recently lined up with the rise of new players in a startup ecosystem. Startup accelerators increasingly receive great attention. Entrepreneurs commonly misunderstand accelerators with other entities supporting early-stage startups, such as incubators, angel investors, and early-stage venture capitalists.
A confluence of factors in information technology and capital markets helped drive a boom in venture
capital-backed startups during recent years. Accelerators are playing an increasing role in startup communities throughout Egypt and the entire world.
TIEC Entrepreneurship Accelerator is a startup accelerator program that supports early-stage, growth-driven companies through education and mentorship. Startups enter accelerators for a fixed period of time.
The accelerator experience is a process of intense, rapid, and immersive education aimed at speeding up the life cycle of young innovative companies, compressing years’ worth of learning-by-doing into just a few months.
TEA launches two 12-week rounds every year in the following five locations and the program is planning to expand geographically.
Cairo TIEC, Smart Village
Alexandria Arab Academy for Science & Technology
Mansoura Mansoura University
Menia Menia University
During the 12 weeks, i.e. three months, of each round, there are 18 working days devoted to workshops and mentoring sessions. Remaining weekdays are gaps for TEA involved teams to implement concepts and put learned techniques into practice so they can best develop their startups.
Business model generation (Business Model Canvas)
Market analysis and market entry strategies
Operations and innovation management
Marketing strategies development: attracting venture capital (VC) and crowdfunding
Product development: minimal viable product (MVP) to lean startup
Budget planning and operations management
Who should apply?
Those have an ICT-related/-enabled idea or prototype, e.g., websites, mobile apps, software programs, IoT projects, and want to get their startups off the ground, are eligible to join our TEA program.