Supporting Entrepreneurs and Startups in Suez
For a second year, Nahdet El Mahrousa (NM) has teamed up with the Arabian Cement Company (ACC) to launch “Khaleeha Suessi”, a start-up competition focused on supporting social entrepreneurs tackling local economic challenges and opportunities in Suez. The main goal of the program is to create employment opportunities by providing entrepreneurs with the tools needed to successfully establish a business with strong social impact.
The programme is divided into two phases: a one month validation phase and a one year incubation phase.
Validation Phase
Following a shortlist of applications and subsequent interviews, a total of 15 startups will be selected for a month-long validation phase. During this phase the startups will be pre-incubated through bootcamps, intensive trainings and expert support from NM’s team, and will be given access to a peer-to-peer agents of change community in Egypt. This will help the social entrepreneurs validate their ideas and refine their models prior to joining the incubator, where where a final 7 teams will be selected to continue their journey.
Incubation Phase
This is a full-time, year-long, intensive programme. Winning teams will receive tailored support and seed funding enabling their ventures to grow.
The incubated social startups will receive:
- Seed funding of up to 150,000 L.E.
- 60 hours of mentorship by experts in the fields of entrepreneurship.
- 160 hours of entrepreneurship trainings and workshops
- Regularly hosted events to support peer-to-peer collaboration between teams.Who can apply?
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How to apply?
Sign up then fill in the application form and submit it by August 5th, 2017 at midnight.
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