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Cairo Angels Partners EG Bank To Launch The Mint Incubator

News

Startups

Dec. 15, 2020, 2:21 p.m.

Cairo Angels, an angel investment network based in Egypt has joined forces with Egyptian Gulf (EG) Bank to launch the Mint incubator, a highly competitive three-month incubation programme, designed to accelerate the growth of product-ready startups who are ready to go into the market.

The Mint incubator will support businesses with “no strings attached”, zero equity and will not offer debt to the startups enrolled in the program. The selected startups will benefit from the tools to power their businesses, as well as office space at EG Bank’s co-working space, located in the heart of downtown Cairo.

MINT Incubator will also facilitate various networking sessions with key ecosystem stakeholders with each startup being paired with a top-class mentor to offer support and guidance throughout the program

Additionally, the program will include workshops will address key areas that accelerate the startup’s business while enhancing their technical know-how in sales & marketing, finance, accounting basics, growth hacking, legal and governance, branding, and much more.

“We have leveraged our know-how as active investors in startups to identify where startups need help and we have worked with EG Bank to bring in best in class partners, mentors and advisors to address these gaps head on,” says Cairo Angels’ Chairman Aly El Shalakany. “The programme is designed to give selected startups the best opportunity to accelerate their business and attract future funding,” he adds.

Suzanne Wardani, Head of Youth Banking at EG Bank emphasized the motivation to launch MINT Incubator is “to give startups access to the right tools to build great companies. Combining our resources with Cairo Angels, the programme will provide technical knowledge, expertise, networking opportunities and an inspiring environment to push selected startups to the next level”.

At the end of the incubation period, a demo day will be held where startups will pitch their businesses to regional investors.

The applications will remain open till the 8th of February. Applicants can submit an application here.

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Dorcas

Dorcas Benewaa Author

Dorcas is an upcoming journalist. She loves the creative arts and loves to write about startups, digital arts and issues in the tech sector.

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