Cairo Angels, Egypt’s first formal network of angel investors, announced the launch of MINT Incubator, an intensive, highly competitive three- month incubation program in partnership with EG Bank. It is designed to accelerate the growth of product-ready startups who want to take their business to the next level.
MINT Incubator won’t take equity and will not provide debt to the startups enrolled in the program.
Selected startups will benefit from various perks and tools to power their businesses as well as office space at EG Bank’s coworking space in downtown Cairo.
MINT Incubator will also facilitate various networking sessions with key ecosystem stakeholders, including most importantly a demo day at the end of the incubation period where entrepreneurs will pitch their startups to regional investors.
Aly El Shalakany, chairman of Cairo Angels, said: “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. The program is designed to give selected startups the best opportunity to accelerate their business and attract future funding”.
Suzanne Wardani, head of youth banking at EG Bank, said: “Our 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 program will provide technical knowledge, expertise, networking opportunities and an inspiring environment to push selected startups to the next level. Partnering with Cairo Angels to create an on-going program gives us confidence that we will be able to provide real value, impacting not only selected startups but the market at large.”