Innoventures, in partnership with VC4A, CEDARE and JuiceLabs, has announced the top 11 startup companies chosen to proceed to “Plasma”, the third stage in its Startup Reactor program. The startup companies chosen are operating in different industries such as agriculture technology, consumer electronics, and industrial automation.
During “Plasma”, selected entrepreneurs will have access to the full startup-support benefits provided by Innoventures, including office space, legal company registration, branding, mentoring, and in-depth sessions about how to build a company, in addition to seed funding for the more advanced startups. These 11 companies were selected from 39 startups that took part in the second stage, “Ignition”, an intensive 6-week training workshop that took place during the month of May 2017. The program has already started to work with these promising 11 startups since Startup Reactor is a unique program designed to support innovative startups operating in several high-opportunity industries in Egypt. This year, Innoventures is operating its fourth cycle of Startup Reactor with three separate tracks:
• Main Track: startups from any industry in partnership with VC4A
• Media Track: startups in media, advertising, analytics, content platform, content creation automation, e-commerce, talent management, and influencer management in partnership with VC4A and JuiceLabs
• E-Waste Track: startups that recycle electronic waste in partnership with CEDARE, SRI, Chemonics, and CleanTech Arabia.
The 11 chosen startups are:
1. Tomatiki: A technology company which produces smart agriculture products that help maximize crop production, reduce cost, and secure agriculture sector investments inside Egypt and Africa on the short term and globally on the long term.
2. Imaginators: An online platform that helps people showcase their work professionally and interactively. Users can build their online portfolios and create interactive presentations for their work just by dragging and dropping needed elements, add animations, and customizing the design of the presentation.
3. Hanorder: A food ordering mobile application that focuses on group ordering. It makes users pick a restaurant, select their food choice, and place the order in a 3 simple-steps-process. Also payment options will be introduced in the app.
4. Bionic Limbs: A prosthetic limbs startup that aims to provide amputees with a wide variety of solutions that boosts their productivity.
5. Nezaker: An integrated platform for parents that helps them improve their children’s educational, psychological, cultural, physical, social, and moral performance during the different education stages through smart short videos between 3 to 10 mins.
6. Agrona: Particleboard manufacturing from agricultural residues using a new cutting-edge technology and manufacturing of other engineered wood and natural fiber composites.
7. Okhtub: An intelligent matchmaking platform and mobile app that provides serious, suitable life partner recommendations; so that only verified people could be connected. It also designed to be accepted by MENA culture.
8. Smart Safe Solutions: Upgrading industrial production lines to improve the implemented lean manufacturing system using RFID.
9. Happiana: An adaptable charging solution to fulfil the different needs of different people.
10. E-kacia: A mobile app for the collection of electronic waste materials to be recycled to produce high-tech products.
11. TechnoRecycle: E-waste recycling services starting with collecting from different sources, sorting and supplying customers with motherboards, metals and other reusable materials.
After “Plasma” ends, the fourth stage, “Nova”, will take place in December, which is a grand Demo Day when startups will have the chance to pitch in front of investors to win cash prizes totalling 15,000 EUR provided by VC4A.
