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Hot Information

ARAB REPUBLIC OF EGYPT

AFRICAN DEVELOPMENT BANK (AFDB)

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 http://www.asrt.sci.eg/category/open-calls 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: info.tanmiawatatweer@gmail.com

E-mail : twt.asrt@gmail.com

Telephone numbers : 0020227921305 – 0020227921286

Fax Number : 0020227921270

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