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Cairo Angels and EGBANK Launch MINT Incubator

MAGNiTT News 3 years ago - Tue, Jan 23, 2018, 1:01 PM

Cairo Angels and EGBANK Launch MINT Incubator
Author: MAGNiTT

Applications Now Open, Deadline 8 February

 

Cairo, Egypt – Cairo Angels is delighted to announce the launch of MINT Incubator in partnership with EG Bank. MINT Incubator is an intensive, highly competitive 3 month incubation program designed to accelerate growth of product-ready startups who want to take their business to the next level.

MINT Incubator is designed to support startups with no strings attached; it will not take equity and will not provide debt to the startups enrolled in the program. Selected startups who join the program will benefit from various perks and tools to power their businesses as well as office space at EG Bank’s co-working space in the heart of downtown Cairo. MINT Incubator will also facilitate various networking sessions with key ecosystem stakeholders, including most importantly a demo day at the end of the incubation period where entrepreneurs will pitch their startups to the very best regional investors.

Aly El Shalakany, Chairman of Cairo Angels, said: “We are very pleased to have partnered with EG Bank to introduce this unique program to the Egyptian ecosystem. We have leveraged our know-how as active investors in startups to identify where startups need help and we have worked with EG Bank to bring in best in class partners, mentors and advisors to address these gaps head on. The program is designed to give selected startups the best opportunity to accelerate their business and attract future funding”.

Suzanne Wardani, Head of Youth Banking at EG Bank, said: “Our motivation to launch MINT Incubator is to give startups access to the right tools to build great companies. Combining our resources with Cairo Angels, the program will provide technical knowledge, expertise, networking opportunities and an inspiring environment to push selected startups to the next level. Partnering with Cairo Angels to create an on-going program gives us confidence that we will be able to provide real value, impacting not only selected startups but the market at large”.


About the Cairo Angels

The Cairo Angels is Egypt's first formal network of angel investors and is located in Cairo, Egypt with a standalone chapter in London, UK. The Cairo Angels invests in and supports start-ups and early stage, high growth businesses across the Middle East and Africa. The Cairo Angels is a founding member of MAIN, a network of the leading angel investment networks in the MENA region.

 

About EG Bank

EGBANK has quadrupled its asset, deposit and loan-base over the past 3 years by following a smart competitive strategy that depended on self-expansion in the Egyptian market and offering value added services. This shift of strategy has nominated EGBANK as the fastest growing bank in Egypt, by the Egyptian press and international financial institutions.

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