Details

Industries

Financial Services,Incubators,Venture Capital

Founded date

Jun 1, 2013

Number Of Employee

11 - 50

Operating Status

Active

Investor Type

Accelerate,Incubator

Sub-Organizations

AUC Venture Lab Startup Accelerator Arab African International Bank AUC Venture Lab FinTech Accelerator

In 2013, the American University in Cairo launched AUC Venture Lab (V-Lab) which is the first university-based incubator in Egypt. It incubates early-stage and growth-stage startups that are chosen through a selection process that judges the novelty of the idea, the team’s track record and cohesion, scalability, and potential for commercialization, as well as the team’s tenacity and commitment to success. Once selected, the startups benefit from training sessions, mentors, student internships, and their presence at the AUC School of Business. In 2016, AUC Venture Lab also introduced its FinTech Accelerator Program dedicated to startups working in the field of financial technology. V-Lab also plays an active role in the AUC community and Egypt, sharing their entrepreneurial experience with students, faculty members, mentors, and investors, as well as a global alumni network.

AUC V-Lab enables startups to capitalize on AUC’s world-class facilities and knowledge base, connecting innovative startups with AUC’s alumni network and fostering a thriving ecosystem of innovation, education, and business.

In 2014, AUC V-Lab has been selected among the top five most promising university incubators in Africa by Sweden-based UBI-Index. In 2015, it was selected by UBI Global for offering a high impact incubation program in MENA and was chosen as one of the top challenger incubators in MENA in the year 2017.