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The Academy for Scientificc Research and Technology (ASRT)

Tanmia Wa Tatweer  – Egypt`s Entrepreneurship Development Project

Grant No: ML0032 – P.No.: G-EG-KZO-ZZZ-004

 The Arab Republic of Egypt has received financing from the Multi-Donor Trust Fund for Countries in Transition (TFT) through the African Development Bank towards implementation of “Tanmia wa Tatweer – Egypt’s Entrepreneurship Development Project’, and intends to apply part of the agreed amount for this grant as seed-funding to eligible startups through “TwT Start-Up Pitch Competition II” The objective of this competition is to select a minimum of 5 existing start-ups and fund them to accelerate their growth trajectory.

The Academy for Scientific Research and Technology (ASRT), Tanmia wa Tatweer – Egypt’s Entrepreneurship Development Project (TWT), invites eligible startups to apply for the “Second Edition of TwT Start-Up Pitch Competition’. Up to 20 startups will be selected to compete with each other from the following industries: (i) Agribusiness; (ii) Clean and Green: (iii) Handicrafts; (iv) performing arts: (v) operating private sector led entrepreneurship platforms; (vi) start-ups presenting

solutions to current global situation of Covid 19 such as innovative remote education systems and health care: (vil innovative ideas in adaptive or assistive technologies.

Applicants will go through a multi-disciplinary screening process; eligible applicants will pitch their business Model to an expert panel to select a minimum of 5 finalists to receive non- equity seed-funding of an amount up to 51,000 Euros for each start-up.

Eligibility criteria for participating in the call

1- No age limit, women are encouraged to apply 2- .Start-up has innovative technology, presenting solution to an existing problem, start-ups developing products in the adaptive or assistive technologies are encouraged to apply. 3- Has graduated from an incubation program, or has an operating start-up established within the last 3 years

4- Start-up includes an innovative model .5- Start-Up consists of a team of at least 3 persons, with at least one member fully committed to start-up, the team should be multidisciplinary and complements each other with the capacity to implement what they promise. 6- Pre seed, Seed, Early-stage start-ups with potential market growth

7- Firms with a good credit history (of the firm and the main partners) as demonstrated from the Egypt Credit Bureau “I-Score and capacity to keep good financial accounts

8- A start-up that demonstrates a good Market Knowledge, can identify cornpetitors and articulate the problem they are solving . 9- Existing and registered start-ups (proof of registration required)  10- Start-Ups with a valid bank account (bank account details and information on signatories required)  11- submit required documents and application form 12- TwT seed-funding will not exceed 50% of the funding needs; other funding mechanisms should be in place. The start .12

up should provide proof that these other mechanisms have been secured, Funding sources include (self-funding secured contracts or purchase orders, other incubation / accelerations funding, other awards or grants and loans)

required supporting documents to be submitted :

1- Proof of concept of the idea – 2- Business Model – 3- Marketing Plan & Actual Volume of Sales – 4-  Legal registration documents and shareholder documentation – 5- List of former other support programs attended and amounts of funding received  – 6- Amount of self-funding provided  – 7- Bank account no. and recent bank statement

8- List of suppliers and cost of materials – 9- Proposal for the use of seed-funding based on tranches – 10- Technical proposal including Gantt chart, action plans and milestones  – 11- Score Report – 12- Application form

interested applicants may obtain further information at the address below during office working hours Sunday through Thursday from 10:00 am to 15:00 pm, Egypt local time. Interested applicants can find more details on the call, selection criteria, required documents, and application form through or requested through email below

Applications and all supporting documents must be delivered in hard or soft copy to the address below on or before 15/1/2022  marked “TwT Start-up Pitch Competition II”. Academy of Scientific Research and Technology Address: 3 rd floor, 101 El Kasr Alaini St., Cairo, Egypt

Attn: Mrs. Shaimaa Helal, TWT Director


E-mail :

Telephone numbers : 0020227921305 – 0020227921286

Fax Number : 0020227921270

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