Dear Smart Village Cairo's Cherished Community Members,

We would like to inform you that Egyptian Junior Business Association (EJB) is taking part in the Medventures competition as part of their commitment to support the  "Entrepreneurship" in Egypt.

Please find below the criteria of Entrepreneurs who can qualify for the competition and if you see yourself elligiable or any one in your  database who qualifies, please send  their contact details before Tuesday the 13th July 2010 to: yasmina.latif@ejb.org.eg subject:Medventures competition .

Eligibility conditions

A) The MedVentures2010 awards targets high-growth start-ups companies from the South Mediterranean countries

• Participating companies have to be incorporated in one of the following 10 Mediterranean countries : Algeria, Egypt, Israel, Jordan, Morocco, Lebanon, Palestinian Authority, Syria and Tunisia, and Turkey
• Companies shall feature an existing management team, a proven innovation, a business plan, and at least one ongoing customer (they are at the early & development stage).
• Companies who received private funding (angels or venture capitals) before April 2007 are not eligible for this competition;
• Entrepreneurial projects (i.e no company formed) are not eligible to this contest

(B) Applicants shall be the CEOs of the companies, nationals (residents or expatriates) of the above listed 10 South Mediterranean countries

(C) Submitted business projects shall be impacting for their home countries, ambitious with an international dimension, and innovative

• Companies will demonstrate their potential to achieve significant growth, competitiveness and job creation in South Med countries.
• They shall have a vision and willingness to go international, with a focus on the Euro-Mediterranean market.
• Companies shall be innovative (new technology, new business model, new process…) and preferably target one of the following strategic sectors for the Mediterranean : agrifood, Information and Communication Technologies, health, environment & energy, tourism, logistics and distribution.

Selection criteria

The selection will be done around 5 main criteria :

1. Innovation and added value
2. Business opportunity
3. Team
4. Organization
5. Essence and impact of the project

On each criteria the jury will look at 2 dimensions :

(A) The business project potential
(B) Its capability to go international.

Below is the evaluation grid to be used by the MedVentures jury in the evaluation of proposed projects:

 

EJB Contacts:

Al Salam Tower Beside Al Salam Int Hospital,
Courniche El Nile St., Maadi, Cairo, Egypt
Tel: +202 252 840 94
Fax: +202 252 840 95
website: www.ejb.org.eg