French Embassy in Cairo Launches StartUp Race's Website

The French Embassy in Cairo announced on Wednesday the official launching of the Start Up Competition Website. The competition is hosted by Egypt under the patronage of the French Embassy in Cairo, along with the Ministry of Communications and Information Technology and the Central Bank of Egypt.

By checking the competition’s official website, it’s acknowledged that this competition aims to identity Egyptian startups with a high potential for growth having the ambition to become the next leaders of the digital transformation in three priority sectors of cooperation between France and Egypt: Health, Fintech and Sustainable Cities.

It is the first of its kind in Egypt and is made possible by the support of more than 15 French companies among which Axa, Crédit Agricole, Orange, Schneider Electric, Danone, Sanofi and Valeo, having extensive experience in these three sectors.

Resulting from a common will of France and Egypt to strengthen their bilateral ties in the field of innovation and entrepreneurship, this competition follows the signature, during the visit of the French Republic President in January 2019, of a declaration of intent aiming to strengthen entrepreneurship and foster digital startup growth.

Entrepreneurs willing to participate can submit their application on the dedicated online plateform by January 15th: http://startup.franceinegypt.com.

After an initial selection phase, pre-selected startups will be invited to attend a Bootcamp co-organized by the ecosystem partners of the operation, TIEC, Falak, EFG EV Fintech, and Flat6Labs.

The final selection will then be made and announced during a major event to be held next spring that will identify the seven winners of the competition in the presence of French and Egyptian officials, representatives of both ecosystems and investors.

The seven winning startups will share a prize of a total amount of 750 000 LE. 

They will also benefit from numerous business acceleration support and exclusive benefits provided by Top French companies and partners of the competition in addition to international exposure, access to market, mentoring & training.