Shell Egypt has relaunched its Intilaaqah enterprise development programme in partnership with Flat6Labs, aimed at supporting more than 1,000 young entrepreneurs per year through matchmaking, bootcamps and incubation.
The Shell Intilaaqah Egypt Programme has been active for more than two decades, nurturing over 10,000 youth across the nation and contributing to the establishment and scaling of approximately 200 startups.
It has now relaunched as part of Shell’s flagship enterprise development global programme Shell LiveWIRE, and aims to empower and support over 1,000 aspiring entrepreneurs in Egypt.
It will do this in partnership with Flat6Labs, the accelerator and early-stage investor launched in Cairo in 2011, which has invested in more than 100 innovative and tech-driven startups, and manages a number of seed funds with a total AUM in excess of US$85 million.
“As a responsible investor, Shell Egypt has a long-standing history of supporting our local communities through impactful Social Investment programmes. These initiatives are designed to create sustainable benefits for our stakeholders, addressing some of the most pressing challenges we face today,” said Dalia Elgabry, vice president and country chair of Shell Egypt.
“We are proud to support the community through pioneering capacity-building programmes like Shell Intilaaqah. Together in collaboration with Flat6Labs, we are committed to creating significant opportunities for early-stage entrepreneurs, providing them with the necessary support to overcome challenges and succeed in their entrepreneurial journey.”
Shell LiveWIRE operates in 20 countries to strengthen local economies through entrepreneurship, innovation, and meaningful employment. The Shell Intilaaqah Egypt Programme will leverage this global experience to support and train more than 1,000 entrepreneurs per year through a series of matchmaking, ideation, bootcamps and incubators.
The most promising 240 teams or ideas from these sessions will be selected to participate in the Bright Ideas Bootcamp Training. From these, the top-performing 40 teams will be invited to join the three-month Intilaaqah Incubation cycle, across two cycles per year.
“Flat6Labs is thrilled to collaborate with Shell Egypt and become their social investment delivery and innovation partner in the country. This collaboration in relaunching the Shell Intilaaqah Egypt Programme will create significant opportunities for early-stage entrepreneurs, providing them with the necessary resources and mentorship to turn their innovative ideas into successful ventures,” said Hany Al-Sonbaty, co-founder and chairman of Flat6Labs.
