​TIEC Entrepreneurship Accelerator

What does TEA do?​

TEA offers a set of well-formulated topics related to aspects of turning ideas into strong business plans.​
Our accelerator advances the growth of startups with an idea and business model in place.
The TIEC Entrepreneurship Accelerator program is key to catapult startups forward to investors.​
​ ​The deadline for the coming round is 
4th of Aug 2019​
Apply Now ​​​​​​​​​​​​​​​​​​​​​​
Program Details
 

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.

The 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
 
Assiut Assiut 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.

Topics covered

 
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
 
Financial 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.​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Accecelrator_logo.gif ​​​​
Eligibility Criteria
 
1A team of entrepreneurs with an innovative tech-enabled idea. Individual applicants are not eligible 
2Egyptian nationality. At least one of the founders should be Egyptian​
3Technology competency. The team should have the capability to develop the technology they claim to use as a basis for their startup
What will I develop in TEA?
 

After the 12 weeks, you leave the program with:

 
Business Plan.
 
Business Development milestones.
 
Technology development milestones.
 
Pitch to potential investors / support entities. ​​​​​​​​
Workshops & Mentorship
 

Development Phases:

Each round is broken down to 3 main phases:

 
Bootcamp / Onboarding
 
Program Core
 
Business Plan writing & Pitching techniques
​ ​​​

Workshops:

In a TEA round, there are 12 hands-on workshops held to develop these building blocks in every team

 
Business Model Generation.
 
Team & Company Structure.
 
Innovation & Technology Management.
 
Startup Marketing.
 
Entrepreneurial Finance.
 
Lean Methodology for Startups.
 
Business Plan Writing.
 
Pitching to investors.

Mentorship:

Within each round, the teams spend six dedicated sessions. The mentoring session is usually half-hour long per team where mentors meet start-up founders and team members.

In a session, mentors understand the team’s core business, give their best possible feedback and share their experience.

Based on the different stages of TEA program, mentorship days' focus shifts towards suiting the teams' development stage. ​

Startups
Beneficiaries
Measures/Year