The "startup reactor" Innoventures was founded in 2011, as an innovation platform to bring the wealth of original Egyptian technology ideas to market. These ideas are potentially successful business ventures, with an innovative team behind them, but are missing the correct management and supporting business facilities, such as financing, marketing, etc.
Innoventures adopts these project ideas, explores them further, and manages them until they are profitable, high-impact, growing businesses. As such, Innoventures defines its role as technology venture management, offering investment for equity.
At the core, Innoventures is a venture capital firm with an innovative business model. In a strategy to make more efficient use of Venture Capital money, and to more effectively identify and support only the most innovative and valuable business ventures. Innoventures takes a very hands-on approach, adopting many of the projects, during their earlier stages, into its own organizational hierarchy, and managing the details of the project very critically and directly, rather than just providing the owners of the idea with funding and superficial administrative support.
Innoventures has completed 9 acceleration cycles with an average of 8 to 10 startups.
