Four Egyptian startups have been awarded a combined US$40,000 in cash prizes after being named winners of the Techne Corporate Innovation Programme.
After a pitching session at a demo day, winners were chosen 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.
In November, Techne, a group of initiatives that supports tech and tech-enabled startup ecosystems across the Mediterranean area, launched its Corporate Innovation Programme, enrolling over 300 startups in four tracks: CleanTech, HealthTech, Real Estate Tech, and EdTech.
The three-month program aimed to discover the most pressing challenges within each track’s markets, with startups working with renowned experts and entrepreneurs. Nine startups from each category advanced to the next stage, receiving mentorship and assistance with their specific needs.