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Startup of the Year

Startup of the Year
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The award celebrates leading tech startups who show exemplary innovation, profitability, growth, and business excellence, and who have been operating for 3-5 years. 

  • First place award is EGP150,000
  • Second place award is EGP75,000

Eligibility Criteria

  • The Egyptian startup has to be registered, provided a minimum of 51% of its capital is owned by Egyptian entrepreneurs. 
  • The startup should be in operation for a minimum of 3-5 years. 
  • Revenue of the past two years, no less than EGP500,000. 
  • At least EGP250,000 are paid towards the capital. 
  • Manpower is no less than 10 employees. 
  • ICT has to be the main component of the product or service provided by the startup.
  • The company has to be registered in Egyptinnovate Innovation Map.

Judging Criteria

  • Strategic direction: The capacity to picture and push to turn business vision into reality, and how that helped boost the business, from an idea into a company that meets the market needs (15%)
  • Growth rate: This will be measured through the compounded revenue growth rate, including exports (if available). Manpower and number of customers will work in the startup’s favor. Growth will also be measured by the local and global market share, organizational structure and the product or service portfolio (30%)
  • Innovation: This includes the novelty of the product or service, and the business model, and the corresponding IPs or copy rights (30%)
  • Overall Impact: That includes social, economic and environmental impact, with proven sustainability (10%)
  • Customer Satisfaction: That will include the means by which customer satisfaction is being measured and whether or not they meet or exceed expectations (10%)
  • Achievement: Local and global awards and recognition (5%)

How to Apply

  1. 'Register on Egyptinnovate Map as a startup and validate your account.
  2. Login to Egyptinnovate and go to Egyptinnovate ICT Award.
  3. Download & fill in the Application Form, then save it to your PC
  4. Prepare the following list of supporting document and compress them into one folder:
  • Professional Biography and resume of founder(s) and current management team.
  • Company logo.
  • Taxation card.
  • Registration document.
  • Company portfolio.
  • Organizational structure.
  • In case that the applicant is not one of the owner(s)/CEO please attach official delegation letter.
  • 90-180 second video demonstrating the business of the startup, why it is different? and why it deserves the award.

5.  Apply to “Startup of the year” Award.

Start Date

27-11-2016

End Date

10-02-2017