{"id":600094,"date":"2019-01-20T04:09:21","date_gmt":"2019-01-20T04:09:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/6-tech-startups-to-join-egypt-cit-ministrys-tiec-incubator\/"},"modified":"2019-01-20T04:09:21","modified_gmt":"2019-01-20T04:09:21","slug":"6-tech-startups-to-join-egypt-cit-ministrys-tiec-incubator","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/6-tech-startups-to-join-egypt-cit-ministrys-tiec-incubator\/","title":{"rendered":"6 tech startups to join Egypt CIT Ministry\u2019s TIEC Incubator"},"content":{"rendered":"

<\/a> STARTUP WATCH- Six tech startups to join CIT Ministry\u2019s TIEC Incubator: <\/b>The CIT Ministry\u2019s Technology Innovation & Entrepreneurship Center (TIEC) selected six tech startups that won the 21st round of its startup competition Start IT to join it incubator, TIEC said in a statement.<\/a> Those tapped include garment industry-focused IoT platform Garment IO<\/a>, cloud POS platform El Zatona<\/a>, recycled fashion app Green Fashion, and dating app Harmonica<\/a>.<\/p>\n

Egypt was the fastest growing \u201cecosystem\u201d of 2018<\/b> with 22% of all transactions in the region, up 7% from 2017, according to MAGNiTT\u2019s annual 2018 MENA Venture Investment Report<\/a>. Having said that, we would be remiss if we did not point out the challenges in growing market.<\/p>\n

Sometimes, startups fail<\/b>,as MENA Bytes reminds us in its interview with Mahmoud Abdel-Fattah<\/a>, the founder of now shuttered Egypt-based price comparison website Bkam. Abdel-Fattah discusses why his app, which was downloaded over 50,000 times, failed and what lessons he learned. Primary reason for failure: Got too bogged down satisfying a non-committed investor. Biggest lessons learned: Don\u2019t go at it alone and find a co-founder, keep fundraising, and spend on growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

STARTUP WATCH- Six tech startups to join CIT Ministry\u2019s TIEC Incubator: The CIT Ministry\u2019s Technology Innovation & Entrepreneurship Center (TIEC) selected six tech startups that won the 21st round of its startup competition Start IT to join it incubator, TIEC said in a statement. Those tapped include garment industry-focused IoT platform Garment IO, cloud POS […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[893,72,2380,123,11335],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600094","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cit-ministry","tag-enterpriseam","tag-speed-round","tag-startups","tag-technology-innovation-entrepreneurship-center","wpautop","entry"],"acf":{"mongo_id":"1b90bc9c-cd3a-4439-a914-687816133207","is_powered_by":true,"section_story_id":"59fc46ba-12ee-4fec-ae33-68a236e828f9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600080],"teaser":"","voice_url":""},"yoast_head":"\n6 tech startups to join Egypt CIT Ministry\u2019s TIEC Incubator - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/6-tech-startups-to-join-egypt-cit-ministrys-tiec-incubator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 tech startups to join Egypt CIT Ministry\u2019s TIEC Incubator\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- Six tech startups to join CIT Ministry\u2019s TIEC Incubator: The CIT Ministry\u2019s Technology Innovation & Entrepreneurship Center (TIEC) selected six tech startups that won the 21st round of its startup competition Start IT to join it incubator, TIEC said in a statement. 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