Through its incubator launched in March 2023, the French University of Egypt (UFE) wishes to promote entrepreneurship, encourage business creation and support innovation, a source of value creation for society.
UFE’s goal is to train and support its students and alumni in the creation of companies with a social, environmental and sustainable impact.
The role of the UFE incubator is to provide students with a framework and support in the development of their project, access to a network and to important actors of the Egyptian ecosystem (financing, access to markets, etc.), a coworking space and specific seminars. Personalized support allows them to ensure the first crucial post-launch months, not to mention access to technical equipment necessary for certain projects (technical laboratories).
In the start-up phase, the incubator is developed on three axes, two horizontal channels and one that integrates innovative creations with impact:
The UFE contributes to creating an active community around the incubator and the incubatees, in order to raise awareness among the maximum number of students and to support the project leaders. This community relies on successful local entrepreneurs, alumni entrepreneurs or managers in organizations, coaches, consultants, lawyers, accountants, business angels and venture capital firms, in connection with other incubators and gas pedals.
The incubator is initially located in the historic and current building, and will then migrate to a much larger dedicated space on the new campus, inside the Learning Center.
The incubator is co-financed by the Agence Universitaire de la Francophonie and the European Union within the framework of the Safir project, a project in favor of the realization of sustainable development objectives and the socio-economic inclusion of youth in North Africa and the Middle East.