Startup Reactor, the 6-month accelerator program in Egypt, is now accepting applications for its fifth season. The call for applications follows the successful conclusion of the fifth cycle with its last phase “Startup Nova – Entrepreneurship Explosion”,
Startup Reactor is a 6-month accelerator program designed to support innovative startups with high growth potential in Egypt. The program is a gateway to connecting entrepreneurs, investors and mentors. Investors and mentors that participate in the program receive an equity stake in the ventures which they choose to support.
(TOP: Winners of the Starup Nova contest pose with their dummy cheques).
40 startups will qualify for Ignition (Bootcamp stage) and will receive mentorship and training, with up to 15 startups proceeding to Plasma stage. Throughout Plasma, the startups will undergo an intensive training program on developing their business model, prototypes, brand identity and customer base. The qualifying startups receive the full program’s package, which includes access to office space and facilities, exclusive access to mentorship from a network of more than 200 business professionals, consultation services, legal registration and advice, and support services such as accounting, HR and marketing.
In addition, the startups will receive equity funding up to US $16,800 (300,000 EGP), with the chance to participate in Startup Nova; a demo day infront of local 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 investor network.
Building on the success of the 2017 cycle, in addition to the main track open to startups from any industry, the program also includes several specialized tracks run in collaboration with industry partners:
- Digital Media Track: Powered by The Planet, which covers analytics, advertising, content platform, content creation automation, e-commerce, talent management, and influencer management.
- Design Track: Powered by Studio 49, it covers smart appliances, lighting and lighting fixtures, design tools, consumer electronics, and smart furniture design.
- Computing Track: Powered by IBM, this track covers cloud-based networks, software, IoT, chat-bots and AI technology.
These specialized tracks ensure tailored acceleration experience and provide more focused support to entrepreneurs in key emerging industries.
Interested entrepreneurs are encouraged to apply to Startup Reactor through this link before January 20, 2018!