Egyptian startup accelerator Innoventures opens fourth cycle
Innoventures has just opened applications for the fourth cycle of its accelerator programme ‘Startup Reactor’ in partnership with VC4A after a successful third cycle and its grand finale last December.
The new cycle comes along with the launching of a new EGP 30 million venture capital fund which continues to show Innoventures’ leadership in Egypt’s venture capital space.
Startup Reactor is a unique accelerator programme designed to support innovative startups operating in several high-opportunity industries in Egypt. The programme creates an environment to connect entrepreneurs, investors and mentors for a duration of six months. Participating investors and mentors will receive an equity stake in the ventures which they choose to support.
Qualifying startups will follow an immersive training programme as they focus on developing their business model, prototype, brand and customer base. In addition, every startup will be assigned a dedicated mentor from a network of more than 200 business professionals. Startup Reactor offers a wide range of additional benefits including office space, legal support with company registration, seed funding up to 300,000 EGP, and cash prizes totalling EUR 15,000 offered by the programme partner VC4A.