The Egyptian Transport and Commercial Services Co (Egytrans) signed a partnership agreement with accelerator hubs pmaestro and CashCows to launch and manage Egytrans Startup Factory, a logistics incubation program in Egypt.
“The program is based on an open-innovation model that will build on the experience and knowledge of Egytrans, representative advisors and mentors from different backgrounds, and a selection of the most promising startups,” according to a statement on Monday.
The objective of the program is redefining logistics through working with startups that will produce new technological solutions for the logistics sector.
About 10 startups will be chosen to enrol in a six-month program to help them build their business through providing mentorship and best practices from business, operations, product, and technology perspectives. The call-for-entries will begin in May.
