Digital Egypt Innovation Hubs have launched the fifth cycle of the Creativa Incubation Program, offering a total of EGP10.8 million to support early-stage startups in Egypt.
The program is implemented by the Technology Innovation and Entrepreneurship Center, part of the Information Technology Industry Development Agency. It targets pre-seed startups and runs for one year, according to the announcement.
Each participating startup can receive up to EGP360,000 in support, including EGP180,000 in financial funding and EGP180,000 in in-kind services such as training, mentoring and specialist consulting. The program also provides workshops, investor connections, partnership opportunities and access to wider support networks.
Eligible startups must be no more than three years old, use technology-based solutions, have an initial viable product and maintain a clear business model. Preference will be given to startups working in the program’s target sectors.
These include edtech, renewable energy, agritech, healthcare, travel and hospitality, manufacturing technology, environmental technology, smart cities, utilities, embedded systems, e-commerce and sustainable transport.
The Digital Egypt Innovation Hubs were launched by Egypt’s Ministry of Communications and Information Technology to support digital innovation, entrepreneurs and technology-focused businesses across the country.
Source: Fintech Gate
