An incubator & accelerator for young entrepreneurs and youth-owned SMEs

Thematic objective: A.1 Business and SMEs development
Priority: Priority A.1.1 Support innovative start-ups and recently established enterprises, with a particular focus on young and women entrepreneurs, and facilitate the protection of their intellectual property rights and commercialisation where applicable
Brief description of the project: This project focus will be on building and strengthening youth-owned SMEs in Egypt’s Agribusiness, Food, and Ready Made Garments sectors, through increased competitiveness and linkages to local and international markets. In order to achieve the outcomes of ensuring the participation of youth-owned SMEs in training activities, incubation and access to international markets and value chains with increased revenue, profitability, and firm growth, as well as improving the knowledge and skills of young entrepreneurs in relation to business practices and exports, the proposed action will offer a comprehensive business support program ranging from incubation services, export business training, coaching and mentoring, institutional support, facilitating access to finance, and facilitating market linkages with potential buyers, partners and investors.
Main objectives – issues to be addressed: Increase competitiveness of youth-owned small and medium-sized enterprises in priority sectors (Agribusiness, Food and Ready Made garments). While the specific objectives are: (A) to support young entrepreneurs to establish and grow their own business. (B) To support young entrepreneurs to be connected to international markets and global value chains.
Expected results: 1.Young people enhance their knowledge and skills related to business practices. 2.Young people able to start their own businesses. 3.Youth-owned SMEs get access to global value chains.
Partners already involved: No partners involved
Partners searched: Business incubators and accelerators – Universities – Business development support organizations – Business associations
Total estimated budget: Around 2.5 million Euros
First name: Mohamed
Last name: Elsaket
Name of the organisation: Industrial Modernization Centre
Type of organisation: Public body
City: Cairo
Country: Egypt
Email: melsaket@imc-egypt.org
Phone number: +2 01006525347
Skype contact:
Website: http://imc-egypt.org/