Innoventures launches “Startup Reactor” Fourth Cycle

CAIRO – 2 March 2017: Innoventures has just opened applications for the fourth cycle of its accelerator program, Startup Reactor, in partnership with

VC4A

after a successful third cycle and its grand final last December.


The new cycle comes alongside the launch of a new 30 million EGP venture capital fund which continues to show Innoventures’ leadership in Egypt’s venture capital space, according to a press release issued last week.


Startup Reactor is a unique accelerator program designed to support innovative startups operating in several high-opportunity industries in Egypt and create an environment to connect entrepreneurs, investors and mentors for a duration of six months. Participating investors and mentors receive an equity stake in the ventures which they choose to support, offering a wide range of benefits including office space, legal support with company registration, seed funding up to 300,000 EGP, and cash prizes totaling 15,000 EUR offered by program partner VC4A.


Innoventures was launched in 2011 as an innovation platform to bring the wealth of original Egyptian ideas to market by providing a platform catering to entrepreneurs in the region.