Latest news with #StartIT
Tahya Masr
22-05-2025
- Business
- Tahya Masr
ITIDA Launches 47th Round of Start IT Incubation Program with New Incentives to Boost Startup Readiness
The Technology Innovation and Entrepreneurship Center (TIEC), an affiliate of the Information Technology Industry Development Agency (ITIDA), has announced the launch of the 47th round of its Start IT incubation program. Applications are open until May 24 , targeting early-stage startups with innovative ideas and ICT-based prototypes to help them transform their concepts into scalable and growth-ready startups. In line with its continued efforts to empower the entrepreneurial ecosystem, TIEC has unveiled an enhanced package of incubation benefits for this round. Key updates include a significant increase in the financial and in-kind support, reaching EGP 480,000 up from EGP 180,000, providing startups with stronger capabilities to execute development and scaling phases more efficiently. Additionally, cloud support from Amazon Web Services (AWS) has doubled to USD10,000 , reflecting TIEC's strategy to accelerate cloud readiness and adoption among startups by enabling access to cutting-edge infrastructure and services. This round also introduces the exclusive Start IT Perks platform, offering participants special discounts and benefits from TIEC partners, including InterAct and These partnerships provide startups with access to advanced technical tools and applications that enhance operational efficiency and foster business growth. To address talent acquisition challenges faced by early-stage ventures, the program now includes dedicated recruitment support through collaborations with specialized platforms such as Talents Arena , Sprints , and Techie Matters , enabling startups to build skilled and professional teams. Further, in response to the growing demand for AI-driven innovation, the new package features specialized support in Artificial Intelligence , including training programs and personalized consultancy sessions with experts. This is aligned with Egypt's digital transformation priorities and aims to raise AI readiness across the local startup ecosystem. 'The launch of the new round of the Start IT incubation program—enhanced with an expanded benefits package from our Technology Innovation and Entrepreneurship Center (TIEC)—reflects our continued commitment to supporting Egypt's tech startups innovation-driven entrepreneurship,' said Eng. Ahmed El-Zaher, CEO of ITIDA. 'Entrepreneurship plays a pivotal role in accelerating economic growth and driving innovation, and ITIDA remains firmly focused on developing custom-tailored programs and initiatives that address the needs of startups and strengthen Egypt's entrepreneurship ecosystem at every stage.' Startups applying to the program will be assessed based on a set of technical criteria. Eligible projects must offer practical solutions to existing or anticipated market challenges and be backed by a functional ICT-based prototype. Projects should leverage technology either as a core product or as an enabling component of an innovative service. Key selection criteria also include economic viability, sustainability potential, scalability, and the ability to attract investment. Projects must be led by dedicated entrepreneurs fully committed to developing their ventures. Applications from teams with non-dedicated undergraduate students or projects incubated concurrently elsewhere will not be considered. Start IT is one of Egypt's leading startup support programs in the ICT sector, delivered quarterly by TIEC. Accepted startups benefit from a 12-month incubation period at TIEC centers across the country. These centers provide fully equipped workspaces, business and technical consulting, software and hardware support, and marketing services. Project evaluation considers several key factors, including product or service uniqueness, market analysis, competitive advantage, prototype maturity, and founding team expertise. Established in September 2010, the Technology Innovation and Entrepreneurship Center (TIEC) has played a pivotal role in promoting innovation and technology-driven entrepreneurship across Egypt. Through its comprehensive capacity-building programs, incubation services, and strategic initiatives, TIEC contributes to positioning Egypt as a regional hub for innovation and digital entrepreneurship.
Zawya
22-05-2025
- Business
- Zawya
Egypt's ITIDA scales up tech startup incubation with AI-driven perks, EGP 480K funding, and $10K in AWS support
Cairo, Egypt – Egypt's Technology Innovation and Entrepreneurship Center (TIEC), an affiliate of the Information Technology Industry Development Agency (ITIDA), has opened applications for the 47th round of its flagship Start IT incubation program, now offering its most extensive support package to date. Applications are open until May 24, targeting early-stage startups with scalable ICT-based solutions or tech-enabled prototypes that address real-world challenges. The enhanced round reflects ITIDA's broader strategy to strengthen Egypt's digital economy and empower its expanding startup ecosystem. 'The launch of the new round of the Start IT incubation program—enhanced with an expanded benefits package from our Technology Innovation and Entrepreneurship Center (TIEC)—reflects our continued commitment to supporting Egypt's tech startups innovation-driven entrepreneurship,' said Eng. Ahmed El-Zaher, CEO of ITIDA. 'Entrepreneurship plays a pivotal role in accelerating economic growth and driving innovation, and ITIDA remains firmly focused on developing custom-tailored programs and initiatives that address the needs of startups and strengthen Egypt's entrepreneurship ecosystem at every stage.' Key updates to the program include: Increased support: The value of financial and in-kind benefits has risen from EGP 180,000 to EGP 480,000, enabling startups to fast-track product development and go-to-market execution. Cloud infrastructure credits: Amazon Web Services (AWS) support has doubled to USD 10,000, offering startups access to world-class cloud computing tools and infrastructure. Exclusive perks: The new Start IT Perks platform provides partner-led discounts and services from firms like InterAct and helping founders optimize costs and streamline operations. Talent acquisition support: In response to hiring challenges among early-stage ventures, TIEC has partnered with Talents Arena, Sprints, and Techie Matter to offer tailored recruitment services. AI-focused enablement: Startups will also gain access to expert-led AI training and personalized consultancy, aligning with Egypt's strategic priorities for digital transformation and tech capacity building. Startups applying to the program must demonstrate a working ICT-based prototype that addresses current or emerging market demands. Selection criteria include economic viability, sustainability, scalability, and the commitment of a full-time founding team. Projects led by part-time undergraduate students or those simultaneously incubated by other programs will not be eligible. Accepted startups benefit from a 12-month incubation period at TIEC centers across Egypt. Each center provides fully equipped workspaces, as well as access to technical and business mentorship, hardware/software support, and go-to-market resources. Since its establishment in 2010, TIEC has played a central role in cultivating Egypt's innovation landscape through a range of incubation, acceleration, and capacity-building programs. Its mission aligns with positioning Egypt as a leading regional hub for technology-driven entrepreneurship and digital innovation. For more information and to apply, visit [Start IT Application Portal].
Zawya
22-05-2025
- Business
- Zawya
ITIDA launches 47th round of Start IT Incubation Program with new incentives to boost startup readiness
Cairo, Egypt: The Technology Innovation and Entrepreneurship Center (TIEC), an affiliate of the Information Technology Industry Development Agency (ITIDA), has announced the launch of the 47th round of its Start IT incubation program. Applications are open until May 24, targeting early-stage startups with innovative ideas and ICT-based prototypes to help them transform their concepts into scalable and growth-ready startups. In line with its continued efforts to empower the entrepreneurial ecosystem, TIEC has unveiled an enhanced package of incubation benefits for this round. Key updates include a significant increase in the financial and in-kind support, reaching EGP 480,000 up from EGP 180,000, providing startups with stronger capabilities to execute development and scaling phases more efficiently. Additionally, cloud support from Amazon Web Services (AWS) has doubled to USD10,000, reflecting TIEC's strategy to accelerate cloud readiness and adoption among startups by enabling access to cutting-edge infrastructure and services. This round also introduces the exclusive Start IT Perks platform, offering participants special discounts and benefits from TIEC partners, including InterAct and These partnerships provide startups with access to advanced technical tools and applications that enhance operational efficiency and foster business growth. To address talent acquisition challenges faced by early-stage ventures, the program now includes dedicated recruitment support through collaborations with specialized platforms such as Talents Arena, Sprints, and Techie Matters, enabling startups to build skilled and professional teams. Further, in response to the growing demand for AI-driven innovation, the new package features specialized support in Artificial Intelligence, including training programs and personalized consultancy sessions with experts. This is aligned with Egypt's digital transformation priorities and aims to raise AI readiness across the local startup ecosystem. 'The launch of the new round of the Start IT incubation program—enhanced with an expanded benefits package from our Technology Innovation and Entrepreneurship Center (TIEC)—reflects our continued commitment to supporting Egypt's tech startups innovation-driven entrepreneurship,' said Eng. Ahmed El-Zaher, CEO of ITIDA. 'Entrepreneurship plays a pivotal role in accelerating economic growth and driving innovation, and ITIDA remains firmly focused on developing custom-tailored programs and initiatives that address the needs of startups and strengthen Egypt's entrepreneurship ecosystem at every stage.' Startups applying to the program will be assessed based on a set of technical criteria. Eligible projects must offer practical solutions to existing or anticipated market challenges and be backed by a functional ICT-based prototype. Projects should leverage technology either as a core product or as an enabling component of an innovative service. Key selection criteria also include economic viability, sustainability potential, scalability, and the ability to attract investment. Projects must be led by dedicated entrepreneurs fully committed to developing their ventures. Applications from teams with non-dedicated undergraduate students or projects incubated concurrently elsewhere will not be considered. Start IT is one of Egypt's leading startup support programs in the ICT sector, delivered quarterly by TIEC. Accepted startups benefit from a 12-month incubation period at TIEC centers across the country. These centers provide fully equipped workspaces, business and technical consulting, software and hardware support, and marketing services. Project evaluation considers several key factors, including product or service uniqueness, market analysis, competitive advantage, prototype maturity, and founding team expertise. Established in September 2010, the Technology Innovation and Entrepreneurship Center (TIEC) has played a pivotal role in promoting innovation and technology-driven entrepreneurship across Egypt. Through its comprehensive capacity-building programs, incubation services, and strategic initiatives, TIEC contributes to positioning Egypt as a regional hub for innovation and digital entrepreneurship. For more information and to apply, visit [Start IT Application Portal].
