Today, a not-so-little percentage of Egypt’s youth dream of one day becoming successful entrepreneurs. Despite the fact that these aspiring individuals work hard, many of them end up failing. Indeed, Egypt has been the birthplace of new ideas and creations, but unfortunately, not many of them get to see the light. The reasons behind this vary, but if there was a chance to narrow them down, they could be attributed to a lack of experience as well as investments. EGBANK’s business incubator wants to change this.
At MINT Incubator, there are no prerequisites for entrepreneurs; they should only come with their commitment and passion. In fact, MINT does not take equity or provide debt to startups; on the contrary, its main aim is to facilitate a suitable working environment for all participants enrolled in the program to take their business to the next level.
As for the program, MINT hosts businesses that already have a product and places them in a three to four month intensive work environment, which helps them in being more ready and prepared to enter the market and become a true investment opportunity for startup investors.
Each startup is paired up with a top-class mentor, who provides customized support and guidance throughout the program.
Furthermore, EGBANK along with its partners prepare a number of crucial workshops, which address key points that will accelerate startups’ growth and enhance the teams’ know-how; these include finance, sales and marketing, growth hacking, accounting basics, legal and governance, attracting and retaining talent, branding, and much more.
MINT Incubator provides a wide range of free and discounted services through an extensive network of partners during and after their incubation. Startups are also introduced to a wide and diverse network of investors, banking professionals, mentors, and entrepreneurs as well as different stakeholders from the ecosystem.
At the end of the incubation cycle, there is the demo day. MINT Incubator Demo Day features the incubated startups as they pitch their services/products to a wide range of audiences, including angel and venture capital investors, mentors, partners, and other guests from the entrepreneurship ecosystem. The demo day is concluded with a networking session, where interested investors and guests get the chance to connect with the startups they are interested in.