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AUC's Venture Lab Challenge: A step towards the incubator

The American University in Cairo (AUC) is planning to launch the first university business incubator in the Middle East.
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<p>In support of Egypt’s entrepreneurial sector, the Entrepreneurship and Innovation Program (EIP) of the AUC School of Business is launching the Venture Lab Challenge; a competition that aims at recruiting innovative teams and welcoming them in the university’s incubator, which will be launched in the summer. Winning teams will also receive LE100,000.</p>
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<p>Teams participating in the challenge need to pass four stages: First, apply online under <a href="http://www.vlchallenge.com/" target="_blank"> www.vlchallenge.com</a>, and second, prepare a prototype of the team’s product and pitch it at the demo day to potential investors. The third stage is about finishing the business write-up at the Venture Lab, and in the final stage, teams will have to pitch their business ideas to the judges. </p>
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<p>The winning team will be fast-tracked to the Intel International Competition. It will be provided with office space, access to hi-tech labs, facilities and to the investment community of the AUC. The winner will also have access to faculty members, industry experts and legal and technical consultants. </p>
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<p>The application deadline is May 18th. Apply <a href=" http://ebda3.aucegypt.edu/Participant/Home.aspx?Acr=vlc&Title=Apply" target="_blank">here</a>. </p>
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