The regional incubation program, coordinated by the Euro-Med Network of incubators (NETKITE),
has launched a Mediterranean call of applications, which is open for Egyptian researchers and postgraduate students, with an innovative idea in the fields of agrofood, renewable energy, biotechnology, cultural heritage or innovation in public services.
The program will support potential candidates based on their ideas/ solutions, innovative approach, possible socio-economic impact and relevance to the pre-defined themes.
This call aims to establish well structured "Startups" and transform the knowledge into products and services. The top 30 Egyptian applicants will be coached and mentored by national and international experts.
They will also take part in a transnational training programme on entrepreneurship education
and on-job training in European specialised incubators . All applications must be submitted online http://www.netkite.eu/netkite-call/ before end of October 2014.
Please find below the timeline and the upcoming stages:
Stage 1: November 2014 Scouting and Identification of business ideas
Our target is to identify 50 ideas per South Mediterranean country. Special mechanisms will be provided to facilitate the transformation of knowledge into innovative products.
Our target is to identify 50 ideas per South Mediterranean country. Special mechanisms will be provided to facilitate the transformation of knowledge into innovative products.
Stage 2: December 2014: Feasibility studies
In this stage applicants will be supported to construct their feasibility studies 'feasibility check' which will result into a preliminary analysis of the chances of the business ideas submitted by the applicants to be successful on the market and to be innovative with respect to the sectoral and/or territorial state-of-the-art in the technology field concerned. 30 ideas per MPC will go through the feasibility studies process.
Stage 3: January 2015 – Feb 2015: Business Models Analysis
Based on the results of the Feasibility Studies, 15 ideas per MPC will be developed into analytical Business Plans. The estimation of commercial opportunities will be carried out during the development of the business plans. Senior entrepreneurs and technological experts within the Euro-Med network of incubators (Netkite) will provide mentoring and coaching support to young entrepreneurs for the organizational, legal and financial, contractual and commercial issues as well as for benchmarking with best practices at regional, national and international level.
Stage 4: March 2015 - May 2015: Mobility and Training Scheme
Based on the quality of their business plans, their motivation and the relevance of the technological solution they proposed, 24 participants (6 per each Mediterranean Partner Country) will participate in a mobility scheme at the EU countries, mainly France, Italy and Cyprus.
They will also take part in a transnational training programme on entrepreneurship education.
Stage 5: Nov 2015: Selecting the Winner and Further Support.
A final competition among the 24 selected participants will take place in Italy in November 2015 in order to select the winner. Moreover, as a final output of the project and of the competition, 8 original ideas, 2 per Mediterranean Partners Countries (MPC) will be supported to form spin off companies.
A final competition among the 24 selected participants will take place in Italy in November 2015 in order to select the winner. Moreover, as a final output of the project and of the competition, 8 original ideas, 2 per Mediterranean Partners Countries (MPC) will be supported to form spin off companies.
We will appreciate very much if you can kindly disseminate this call within your networks.
Please don't hesitate to contact us (innov@sti.sci.eg) for any inquiries or assistance.
Further details:
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