Cairo Angels, one of the largest contributors to the startup ecosystem in the Middle East and Africa and a leading investment network based in Egypt has inked a deal with EGBank to launch a new incubator called MINT.
The MINT Incubator will consist of an intensive three-months program aimed at helping product-ready startups to expedite their growth and push their business to the next level.
Both founding partners said earlier this week that MINT is designed to provide all the necessary support to emerging businesses in the region. Interested startups and entrepreneurs can submit their applications to be a part of its inaugural three-months program by February 8.
Worth noting that MINT is a zero-equity program and won’t provide debt to enrolling startups. Instead, it aims to reward participants by providing them with a slew of tools to further their business objectives, as well as various perks such as providing an office space at EGBank’s co-working space in the heart of downtown Cairo.
“We are very pleased to have partnered with EGBank to introduce this unique programme to the Egyptian ecosystem,” said Aly El Shalakany, Chairman of Cairo Angels.
“We have leveraged our know-how as active investors in startups to identify where startups need help and we have worked with EGBank to bring in best in class partners, mentors and advisors to address these gaps head on. The programme is designed to give selected startups the best opportunity to accelerate their business and attract future funding.”
MINT Incubator will conduct several networking sessions where enrolled startups will have the opportunity to get in touch with key stakeholders of the region’s startup ecosystem. A demo day will also take place, giving up and coming entrepreneurs an ideal platform to pitch their blooming businesses to investors.