The most important business incubators in Egypt and all information about each of them

 The Arab Republic of Egypt is one of the first Arab countries to establish business incubators, and this goes back to the year 1995 AD, when the Social Fund established the first business incubators in Egypt under the name (The Egyptian Association for Small Business Incubators).

Recently, the Egyptian state has witnessed the emergence of many business incubators. Which made it one of the most advanced Arab countries in the field of entrepreneurship and investment in projects and companies.

If you are one of the project entrepreneurs who are looking for a business incubator to receive support, or you are interested in entrepreneurship and incubators in Egypt, and also for those who are looking for information about business incubators in Egypt, you are in the right place.

In this topic, you will find the most important business incubators in Egypt and all the information you will need to know about these incubators, and for your sake we have been keen to write the information for each incubator from its official website, so make sure that you will see correct information inspired by its official sources, so let us start.

1. Gesr Incubator Bridge

About the incubator: It was launched in the year 2013 AD by the Misr El-Kheir Foundation, and it targets the most important societal sectors, as it works to develop them by supporting entrepreneurs’ projects, and aims to support entrepreneurs and provide effective solutions to the economic problems that society suffers from in the most important sectors.

Areas supported by Bridge Incubator:

food.

water.

energy.

the health.

education.

What services does the bridge incubator provide for entrepreneurs?

Financial and in-kind financing.

Assistance in registering a startup.

Providing legal advice.

Technical training and business training.

Marketing coverage during and after the incubation period.

Laboratories for the development of prototypes.

Co-working spaces.

Free management services and workshops.

Access to a network of investors locally and abroad.

Admission criteria for Jisr Incubator:

The presence of an integrated work team committed to technical and practical backgrounds.

The existence of a labor market capable of development and expansion.

Ability to develop a prototype into a product.

Introducing an innovative product or an improved version of an old product.

That the product can provide a service to one of the sectors targeted by the incubator.

Companies graduated from Jisr Incubator:

Chitosan Egypt (a company specializing in the field of biotechnology).

Al-Zazaoua Center to provide machines for harvesting sugar cane.

Green Light Solar.

One of the features that made Gesr incubator one of the best business incubators in Egypt is its targeting of the most important sectors in the life of society (education, health, water, food), in addition to its pure goal to solve the problems of the base of the economic pyramid, which is known as the most needy groups.

Jisr Incubator provides its services during an incubation period ranging from 6 to 9 months, and the incubator's headquarters is located in Cairo - Mokattam - 4 Al-Ahram Street.

2. Hmaa Program Incubator

About the incubator: It appeared in 2014, and it is one of the first business incubators in Egypt that are affiliated with public universities. Hemma Incubator was established in partnership between the European Research, Development and Innovation Program and Assiut University, but currently Assiut University has taken over the entire management of the incubator.

Projects that play an active role in community service are incubated, with the condition that there is an equal work team, and aim to develop promising ideas that affect society positively, by supporting entrepreneurs in establishing their ideas and presenting them in the form of active projects.

The target sectors of the Himma incubator:

technology.

Industry.

Farming.

Food and health.

water.

How does the incubator work?

After accepting and approving your project idea, the team members will undergo several training courses related to management, entrepreneurship, feasibility study, and marketing skills, and after the completion of the training courses, you will be handed over to the company's management headquarters.

Admission Criteria for Himma Incubator:

That the project idea contribute to solving a social problem in one of the aforementioned sectors.

The project idea is feasible.

Having an equal work team.

The age of the project owner should not be less than 21 years.

Services provided by Himma incubator to business owners:

Provide a place designated for the project.

Equipping the administrative headquarters.

Utilities services (electricity, water, internet, etc.).

Workshop to create the prototype for the project.

All university laboratories at reduced prices.

Accounting and legal services and technical consultancy.

Providing trainers and specialists in all fields.

Workshops according to the specialization of the project.

Helping the company obtain financing.

Read also: The difference between business incubators and business accelerators and what is most suitable for you

3. Capital Incubator

It is one of the Egyptian business incubators that follows the National Program for Technology Incubators (Intelaq). Capital receives support from the Academy of Scientific Research and Technology, and is based in the Center for Scientific Instruments within the National Research Center in Dokki.

According to the official website of Capital; It provides technical and financial support to entrepreneurs, ideas owners, and even those interested in the field of research and development. The incubator focuses on attracting creative and implementable ideas.

Areas targeted by Capital Incubator:

Farming.

Food Industry.

Chemical and pharmaceutical industries.

textile industries.

veterinary field.

Services provided by Capital Incubator:

Assistance in registering the startup legally.

Specialized laboratories and co-working spaces.

General supervision with advice and training.

Network of industry experts and mentors.

Financial support of up to 200,000 pounds.

Continuous support after the incubation period ends.

4. Tech Space incubator

About the incubator: It is one of the programs of the Nile Pioneers Initiative to support entrepreneurs in Egypt, funded by the Central Bank, with the aim of supporting entrepreneurship, medium and small enterprises, and enhancing local production. The incubator aspires to be a center of excellence and to provide a suitable work environment to empower entrepreneurs and their startups.

Tech Space Incubator Goals:

Supporting small and medium enterprises and entrepreneurs with the highest quality by providing services, technical support and financial solutions

Rem.

Supporting Egyptian youth and transforming their innovative ideas into feasible projects.

Helping and supporting banks and the Enterprise Development Agency to support and finance entrepreneurs and small and medium enterprises.

The target areas of the Tech Space incubator:

Data security.

Educational content courses.

Electronic trade.

Online purchase applications.

Industrial activities.

Analysis services.

How does the Techspace incubator work?

One of Egypt's incubators that support the field of technology.

Companies and projects whose work corresponds to one of the target areas are selected.

The program is a 6-month training course with many services.

The program is held at Nile University (the incubator's headquarters).

Techspace incubator services:

Assistance in registering the startup legally.

An office dedicated to managing the company for 8 months, free of charge.

Intensive training courses in entrepreneurship.

Assistance in designing the identity of the startup.

Financing up to EGP 150,000 without interest, and additional support of up to $120,000 as a service package from IBM.

5. Technology Innovation and Entrepreneurship Center (TIEC)

About the incubator: It is one of the most important and largest business incubators in Egypt, and it is known as (Tiec), which is an abbreviation of the name of the incubator in English.

It is considered the first center in Egypt, the second in Africa, and the fourth in the Middle East and North Africa in terms of being an accredited member of the European Business Network (EBN).

TIEC aims to be one of the centers and incubators that compete on a global level in the field of technology and entrepreneurship.

TIEC Incubator Goals:

Developing the field of technological innovation and entrepreneurship in Egypt to become globally competitive.

Work to find solutions to the problems facing the state in this field.

Developing interaction between the government and private sector companies in the field of entrepreneurship.

Developing the necessary strategies to establish an economy based on creativity and technology.

Tiec is considered one of the business incubators in Egypt that supports the field of technology, and projects are accepted according to several conditions and criteria, the most important of which are:

The project idea should be technology-based, feasible and innovative.

Having a working team below two people.

To be one of the team members of Egyptian nationality.

The presence of technological competence among team members.

TIEC Incubator Services:

Provide a place to work.

Company registration, and all legal procedures.

Consultant experts in all fields.

Linking with investment agencies.

Financing up to 180,000 pounds.

6. Egypt Incubator Start Egypt

Among the Egyptian programs supported by the British Department for International Development (DFID), in addition to support from the International Finance Corporation (IFC), which is a member of the World Bank, and is under the management of Flat6Labs.

The Start Egypt program aims to become one of the best business incubators in Egypt, by helping entrepreneurs develop their ideas at an early stage into a market-ready business idea, by providing guidance, training and business services, by local and international experts, all without taking a share. of the company's shares.

The target areas of the Egypt incubator start:

the health.

education.

Environment and waste management.

Healthcare.

Information and communication technology.

Internet and digital content.

How Egypt Incubator Starts:

The incubator is submitted through the website, means of communication, or presentation events.

Once the applications are received, the Egypt team will start reviewing them and choosing the best one.

Interviews will be conducted with the owners of the selected projects; In order to get to know them more: who are they? Why do they establish their companies? How well do they know the market? What is their problem that they want to solve?

Holding training courses, technical consultations, access to companies, and more other services.

Introducing companies to investors and entrepreneurial professionals.

At the end of the incubation period (4 months), the companies will join the Flat6Labs accelerator in Cairo to obtain more support and funding.

7. Nilepreneurs Incubator

It is one of the most famous business incubators in Egypt. It is affiliated with Nile University and is divided into three main incubators: simulation business incubator, furniture design incubator, and engineering and chemical business incubator. Nilepreneures receives funding from the Central Bank.

The official website of the incubator stated that it is an initiative of Nile University and the Central Bank that aims to support small and medium enterprises and entrepreneurs.

Here is some information about the three branches of the Nilepreneures incubator

A) Creative Design Incubator: It targets projects that work in the field of designing furniture pieces of all kinds and provides the following services:

Registering the startup with the completion of all legal procedures.

Providing dedicated offices for the incubated companies.

Intensive training courses in entrepreneurship and technical training.

Financing 90,000 pounds without interest in return.

Linking with investment agencies.

In order for your project to be accepted in the furniture design incubator, you must have a unique idea in the field of furniture design, and it can be manufactured and marketed.

b) Simulation business incubator: It targets companies that produce applications for companies and brands, and entrepreneurs benefit from it in the following:

Registration and legal affairs.

Dedicated corporate office.

Create a company brand.

Workshops.

120 thousand pounds in financing without a percentage in return.

Helping the company to recruit.

You will need full-time software developers to work with and a prototype to get your project accepted into the simulation incubator.

C) Engineering and Chemical Business Incubator: One of the business incubators in Egypt that supports the engineering and chemical business sectors.

This incubator supports projects that operate in one of the construction axes, such as:

Discover new building materials.

Mechanical and technological innovation in the field of construction.

The incubator provides offices for startups, and then completes the registration procedures. With the establishment of training courses in engineering and chemical business, in addition to financing up to 90,000 pounds without N

Seba, and above that linking with investors.

Nilepreneures incubator programs are held at the Nile University campus in Cairo.

Conclusion

In a statement to Egy Entrepreneur, the entrepreneur (Hadir Shalaby) gave several tips to entrepreneurs regarding incubating their projects, and from what she mentioned; The need for young people to have the innovative idea and the competitive advantage of the project, with a prototype for the product, or as MVP is known.

She also mentioned the importance of studying and analyzing the market, in addition to verifying customer interest in the product. Is there a large base interested in the product? Do customers see any importance in the product that your company or your project will offer?

With regard to tips for the success of the project incubation period, the entrepreneur must be fully dedicated to training and working according to the directives of the presenter.