Nahdet El Mahrousa is launching its 21st round of incubation "Ebda3 Ma7ali", a two year-long incubation program focused on supporting social entrepreneurs and social enterprises/startups with the potential to create sustainable and measurable impact.
Eligibility criteria: Founders and Startups
Profile of the social enterprise/startup (it needs to):
-Provide sustainable solutions to address local social challenges
-Be Sustainable and/or have a plan to become sustainable and generate revenue to be self-sufficient
-Be Scalable by having a potential for growth of the business, both financially and in terms of its social impact
-Be Innovative by tackling social challenges using a new or a different approach
-Your innovative social enterprise/startup should create sustainable and measurable impact that serves the community and focus on the following fields (but not limited to them):
-Clean and Green: Renewable energy, sustainable agribusiness, food production and waste management
-Tech for Social Impact: Using technology to serve a social need in the community
-Social Services: Education, healthcare and transportation..etc
-Other impact areas: Inclusion, civic engagement and media.. etc
Profile of the team of founders:
-A team of founders (at least two members) with a diverse set of skills that complement each other and the needs of their social enterprise/startup
-The team of founders should be between 25-40 years of age and Egyptian nationals
-Should possess relevant education and technical knowledge as well as hands-on experience to their business
-Need to be dedicated and committed to the development and growth of the social enterprise/startup
This is a comprehensive program. The winning social enterprises/startups will receive tailored support, trainings and workshops supporting the growth of their social enterprise/startup.
The incubator offers the following services:
Incubation services (has a value of EGP150,000)
-Account management; a dedicated project development service offered by NM Incubator team.
-Customized high-quality capacity building program based on needs assessment of each social enterprise.
-Access to mentors and consultants in a wide range of domains.
-Financial and legal consultations.
-Access to network (Impact Investors, Donors, Companies, Experts, Professional Mentors, Social Entrepreneurs, , etc.).
-Access to opportunities: local and international events and capacity building opportunities
-Be part of the social entrepreneurship community in Egypt
Seed Funding of EGP20,000.
Zero Equity .
Get your own space at Garage El Mahrousa (80 hours per month for free).
How to Apply?
-Your application will go through the initial screening process and the shortlisted applications will be accepted for an interview, then the finalists will go through to the Validation bootcamp.
-After completion of the validation bootcamp the social entrepreneurs will be required to pitch their startups in front of a panel who will select the winning startups (up to 7 social enterprises/ startups)
-Winning startups will be offered full incubation programe at Nahdet El Mahrousa for two years, based on periodical progress assessment every 6 months
Want to know more?
Stay tuned with our news and updates on facebook and be the first to learn more.
If you have any questions, contact us at firstname.lastname@example.org
The deadline for applications is 11:59 PM on 13th of February 2019