ArabFinance: Flat6Labs, in collaboration with ESLSCA University, has launched a new innovation and entrepreneurship incubation program to empower undergrad students to develop viable and sustainable businesses upon graduation, the company announced in a statement.

The program is set to provide capacity building for the business undergrads and equip them with primary knowledge and tools, enabling them to develop competitive products and companies.

In addition to enhancing entrepreneurship education, this reinvented university acceleration program will be a significant resource not only to the ESLSCA institution, but also to the community at large in innovation, creativity, entrepreneurship, technology commercialization, and regional technological and economic development, Ramez El Serafy, CEO at Flat6Labs, said.

The incubation program spans over two phases in an 8-month period. In the first phase, 100 selected students grouped in 25 to 30 startup teams, will be given general entrepreneurship awareness and the basics of design thinking all the way to marketing and customer discovery and offered multiple services and perks including expert-led training and coaching sessions, workshops, and mentorship by market experts.

This will be followed by dividing the startup teams into two main tracks. The TopX track will consist of 10 startups that will receive intensive entrepreneurial training in order to accelerate their growth within the subsequent 3 months, and the Frontier track, which will allow the remaining 15 to 20 startup teams to further develop their entrepreneurial learning sets and skills.

The program will culminate with a showcase event, where startups will pitch their ideas and startups to a panel consisting of ESLSCA and Flat6Labs personnel.

It is worth noting that ESLSCA took its first year of undergrad students in Egypt in 2019 and since then they have been offering accelerated, rigorous and innovative programs that allow students to move forward in a successful career.

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.