​Start IT

If you have a business plan and a prototype.

Now you can apply to TIEC incubation at any time during the year.​

The deadline for the coming round is 
17th of Aug 2019​
Apply Now ​​​​​​​​​​​​​​​​​​​
Incubation Package
 

If you have a business plan and a prototype and you are looking for incubation at one of TIEC's incubator centers. You can now 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 incubation package exists of:

Start IT 
TIEC-One-Year-Incubation-Package-New.jpg  
 
60,000 EGP in Cash over three installments based on milestones achievement
 
Up to 120,000 EGP of in-kind services such as consultancy services, software, hardware and support in 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
 
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1 Step 1: Register in the site
If you didn't register before in TIEC website. Please register and apply in  Entrepreneur or Startup persona.
2 Step 2: Apply and Submit your business plan
If you don't have a business plan, you can use Business Plan Template to prepare your business plan. 
3Step 3: Interview Phase
4 Step 4: Pitching
Phase Deadline
Application and Business Plan Deadline 17th  of August 2019
Announcement of preliminary accepted applications 25th of August 2019
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)
27th  and 28th  August 2019
Interviews results and call for pitching 29th of August 2019
Final Pitching 4th of September​​ 2019
Announcement of winners 17​th of September 2019
Beginning of Incubation 1st  of October 2019​​ ​​​​
Eligibility Criteria
 

TIEC's incubation 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. We accept a startup with a single cofounder in case the cofounder has a good team with him.  Moreover, the team should be dedicating their full time/efforts to lead the project.

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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.​

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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 entrepreneurs with prototypes/ proof of concept or startups that have been in business in less than one year can apply.

 
Dedication: The project/startup can not be incubated in another incubator or accelerator at the same time of its incubation at TIEC.​

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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:

  1. - Problem and/or gap in the market and/or need and/or opportunity.
  2. - The Solution with all its features/ description and its current status​.
  3. - The prototype current status (include all images and links).
  4. - Market size, core and adjacent markets and the targeted market.​​
  5. - Competitors and the startup competitive edge.
  6. - Teams skills, experience and qualification.
  7. - The business model, revenue streams and value proposition.
  8. - Got to market, sales and marketing strategies and channels and the plan to acquire the targeted market.
  9. - Financial projection.
  10. - At least one year business and technical comprehensive milestones. ​

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Startups
Beneficiaries
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Measures​/Year​
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