Frequently Asked Questions
Application
-
You start your application process online via our website when applications are open.
-
Please follow and check our Facebook Page & Twitter to find out as soon as we announce the opening of our upcoming cycle.
-
No. However, you will be asked about your market size, your target market and value proposition.
-
No, we do not sign an NDA. Your business idea will be shared within your peers and mentors for the sole purpose of improving your business model. We expect our community to respect the intellectual property of our entrepreneurs.
-
Please go to “What Do We Look For” section to find out about the profile of businesses and entrepreneurs we look for.
-
Yes, you can submit two applications but you will need to work full time on the idea that gets accepted. Please also consider that we look for early-stage startups who are about to launch their products/ services, and not those with just an idea.
-
We don’t accept startups that tackle the same problem in an identical way. We always make sure the problem is tackled from a different angle.
-
No, we welcome entrepreneurs from all over Egypt. We don’t have any restrictions on educational backgrounds, nationality, age or gender or the sector of your business.
-
Teams of 2-4 are usually optimal. We do consider single founders if they prove they can take on the job.
-
At most times, we open a late application round, however the selection process in that round becomes more rigorous.
-
Definitely, we encourage promising startups to work on our feedback and reapply the upcoming cycle.
Programs
-
Unfortunately, not. We expect entrepreneurs to work from our co-working space for the duration of the acceleration cycle to benefit from our acceleration opportunities and coaching.
-
AUC V-Lab provides startups only with a seed capital award when they complete the program. However, we do connect you with potential investors and venture capital firms throughout the program and on Demo Day. After graduation, you can also apply to AUC Angels, our angel investor network partner.
-
Yes, but it depends on our availability and time of the consultation. And you can always contact us through our social media platforms.
Testimonials
"In hindsight, joining the AUC Venture Lab was probably the best decision we’ve made so far. Without the constant support, access to mentorship and real-world experience, we wouldn’t have accomplished so much"
Mohamed Zohair
Co-founder of Spare
"At V-Lab, we were lucky to be part of a big entrepreneurial family and work side by side with other talented entrepreneurs and share our experiences. This helped us learn so much from each other and enabled us to grow."
Alaa Shams
Co-founder of Jinni
"As an investor, I am very happy with my investments in the graduates of the V-Lab. Most of them come up with very good ideas, very bright and they are distinguished."
Khaled Ismail
Founder and Chairman of Kiangel
“The V-Lab team has been with us through every step of the way, they have inspired us to improve our technologies and basically shaped the business side for WiRE Microsystems.”
Mahmoud Saad
Founder of WiRE
"V-Lab introduced me to their network of partners and mentors who helped me close B2B deals that I hadn’t considered before."
Ahmed Tawfik
Founder of Instadiet
"AUC V-Lab is -without a doubt- the best startup accelerator in town. The effort and time put into helping entrepreneurs is incredible."
Hussein AlMenawy
Co-founder of PayMe
"AUC Venture Lab's work is really inspirational for all of us and the graduate startups are really killing it out there".
Fadi Antaki
CEO of A15
"It has transformed me from someone with a business idea to an entrepreneur on the right track.”