1.4.2 Local start-up financial assistance

Aswan University works to support the start-up of financially and socially sustainable businesses through education or related resources

 *  Masar project to support startups and development.

Masar is a youth entrepreneurship program that addresses several pressing challenges in Upper Egypt based on the United Nations Development Goals.

With the aim of strengthening the start-up sector, linking it to markets and value chains, raising awareness of entrepreneurship, and coordinating efforts in the entrepreneurship community in Upper Egypt, in line with Egypt’s Vision 2030

In general, incumbents in the region – and other rural areas – face the challenges of high unemployment and insufficient opportunities for decent work in the labor market. Since its launch in 2018, Masar has focused on addressing these weaknesses by providing young entrepreneurs with the necessary entrepreneurial and technical skills. These activities help to develop better business ideas, grow and improve existing business ventures, and expand their networks by linking to markets and value chains.

Services provided

  • Business incubators in various governorates (Aswan – Luxor – Suhag – Qena – Asyut).
  • Business development services units.
  • Training on entrepreneurship and business plans.
  • Assistance in legal procedures for startup companies.
  • Field visits and assistance in networking with markets.

Incubated projects:

  • Sana for dates.
  • Nature’s perfume.
  • My shift for meals.
  • Aswan scape.
  • Fantastic Feed.
  • Al Rabie Feed.
  • Rosa Aswan.
  • Makani Store.
  • Fiber.
  • Sankore.
  • Glassy.
  • Kidney Gallery.
  • Kush Leather Products.
  • Jawaidi.

 *Nile Venture Lab

 Nile Venture Lab  is a circular economic incubator that funds and develops sustainable green technology to help combat climate change by supporting the green technology ecosystem in Upper Egypt..

We want to bring the green movement to the world’s most polluted areas and provide resources for innovation and development.

Programs:

  • “Ideas” program
  • A program to improve ideas and identify steps to build projects and to help meet the needs of customers and consumers.
  • Pre-incubation program (where the incubator helps turn ideas into MVP).
  • Incubation program.
  • And the Nile Incubator for Innovation helps companies in their early stages, as companies that have an MVP and a suitable business idea with the field of green energy
Technology Innovation Commercialization Office (TICO)
Support innovation and technology as a priority in accordance with the national vision, leading to entrepreneurship by developing the work of existing industrial companies (spin-offs) and establishing small and medium industries.
Hence the initiative of the Academy of Scientific Research and Technology to establish specialized offices to support innovation, transfer, and commercialization of technology (TICO) in research and industrial clusters…

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