INJAZ Egypt Competition To Provide Seed Funding For Student Startups

As part of the INJAZ Egypt Company Program in 2011, over 1000 university students from across Egypt have formed start-up companies. On Saturday, September 24th, the top 500 of those students, organized in 22 teams from 11 Egyptian universities, will be taking part in a trade fair and will be competing for 10 seed funds plus incubation from corporations such as Mobinil, Exxon Mobil and Abraaj at “Dare to Dream: Empowering Egypt’s Young Entrepreneurs 2011“.

The “Dare to Dream” competition is an annual one that is organized by INJAZ Egypt; This year’s edition is sponsored by Mobinil, and will be held at the American University of Cairo.

The 10 winning teams/companies will receive a share of the 285,000 LE (around $US47,000) contributed by the adopting companies. The startups will also be mentored by their adopting corporation to get legally registered and become financially sound, profitable and sustainable.

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