Innoventures launch cycle4 start-up accelerator with 30 million EGP venture capital fund


The new cycle of Innoventures has been launched after a successful third cycle which held a grand finale last December. The fourth cycle of the accelerator program ‘Startup Reactor’ is now accepting applications in partnership with VC4A and comes along with the launching of a new 30 million EGP venture capital fund.The program creates an environment to connect entrepreneurs, investors and mentors for a duration of six months. Participating investors and mentors will receive an equity stake in the ventures which they choose to support. Interested startups can apply for the program before the deadline of April 1st

Qualifying startups will follow an immersive training program as they focus on developing their business model, prototype, brand and customer base. In addition, every startup will be assigned a dedicated mentor from a network of more than 200 business professionals. Startup Reactor offers a wide range of additional benefits including office space, legal support with company registration, seed funding up to 300,000 EGP, and cash prizes totaling 15,000 EUR offered by the program partner VC4A.

To provide added value for startups operating in key focus industries, Innoventures is enhancing its accelerator this year by introducing three separate tracks. In addition to the Main Track, open to startups from any industry, Startup Reactor will include a specialized Media Track powered by JuiceLabs, which covers media, advertising, analytics, content platform, content creation automation, e-commerce, talent management, and influencer management; and an E-waste Track, powered by SRI and CleanTech Arabia, designed for startups that recycle electronic waste.

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