The mission of the AUC Venture Lab is to commercialize technologies and innovations developed by startups that are based in Egypt. It was launched in June 2013 as a way to directly impact young businesses in the surrounding community.
AUC Venture Lab targets startups that are high-growth and innovation-driven. These are selected through a rigorous process based on the novelty of the idea, scalability and commercial potential as well as the team’s track record, cohesion, tenacity and commitment to success. Selected startups play an active role in the AUC community, sharing their entrepreneurial experience with students and staff. They also contribute to Egypt’s growth and competitiveness.
The AUC Venture Lab acceleration program runs in two cycles per year where each cycle includes around ten startups. The Lab provides these startups with an intensive acceleration experience for three months, followed by a longer incubation cycle of a year.