After being selected champions of the Techne Corporate Innovation Programme, four Egyptian businesses have been given a total of US $40,000 in cash rewards.
In November, Techne, a network of programmes that supports tech and tech-enabled startup ecosystems across the Mediterranean area, launched its Corporate Innovation Programme, enrolling over 300 firms in four tracks: CleanTech, HealthTech, Real Estate Tech, and EdTech.
The three-month programme attempted to discover the most urgent difficulties within each track’s markets, with startups collaborating with renowned experts and entrepreneurs. Nine entrepreneurs from each category advanced to the next round, receiving mentorship and support with their specific requirements.
After a pitching session on a demo day, winners were picked in each track. Clinido in the healthtech track, Flash Lead in the real estate track, Gmind in the EdTech track, and Cropsa in the cleantech track were the winners, each receiving US $40,000 in prize money.
“We are excited to have set the corporate innovation programme in motion. We believe that the core of this programme highlights the importance of linking market belief for corporates and tech startups with high dynamics to solve emerging and persistent problems that exist in the market which leads to exponential sustainability and growth rate in the startup scene,” said Mohamed El Dallal, Techne’s CEO.