Egypt's Startup Reactor has announced that registration is now open to startups who want to be part of its 5th cycle. This follows on the conclusion of its 4th cycle with its last phase.
Startup Reactor is a 5-month program aimed at supporting and accelerating startups in Egypt with a high potential for accelerated growth, as part of the 5th cohort 40 startups will qualify for the Ignition (Bootcamp Stage) programme and will receive mentorship and training.
Once the Ignition stage is concluded, a maximum of 15 startups selected by the organizers will proceed through to the Plasma stage. During the Plasma stage, the Egyptian startups will undergo training on developing their business model, prototypes, brand identity and customer base.
Interested entrepreneurs are encouraged to attend the “Spark” sessions and workshops that will be held around Egypt during January 2018.
The qualifying startups from Egypt will receive access to office space and facilities, access to mentors from a network of more than 200 business professionals, consultation services, legal registration and advice, and support services such as accounting, human resources management, and marketing.
What's also interesting, unlike with some accelerator programmes, is that the successful startups will receive equity funding up to 300,000 EGP (approximately $16,950), and an opportunity to participate in Startup Nova; a demo day in front of Egypt and international investors where the top 3 startups receive cash prizes worth 15,000 Euros from VC4A, with further investment opportunities from Innoventures and VC4A.
in addition to the main track open to startups from any industry, the Startup Reactor programme also includes specialized tracks run in collaboration with industry partners, these include:
Digital Media Track: This will cover analytics, advertising, content platform, content creation automation, e-commerce, talent management, and influencer management.
Design Track: It will cover smart appliances, lighting and lighting fixtures, design tools, consumer electronics, and smart furniture design.
Computing Track: Covering cloud-based networks, software, IoT, chat-bots and AI technology.
Applications for the 5th cycle of the Startup Reactor accelerator programme in Egypt close on 20 January 2018, to apply, visit the website.
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