SODIC celebrated the graduation of the third SODIC cycle of the American University in Cairo School of Business Venture Lab (AUC V-Lab) on December 9th.
The AUC V-Lab provides young Egyptian entrepreneur start-ups with access to AUC facilities, its world-wide alumni network and seed funding through incubation cycles with the goal of commercialising the technologies and innovations which would contribute to economic growth and job creation.
The third SODIC cycle demo day held at AUC’s New Cairo campus was attended by Magued Sherif, Managing Director of SODIC, Lisa Anderson, AUC President, Dr. Karim ElSeghir, Dean of AUC School of Business, and a group of AUC professors and reputable Egyptian businessmen.
The startups are selected from governorates across Egypt through a rigorous process based on the novelty of the idea, scalability and potential for commercialisation, as well as the team’s tenacity and commitment to success. This Cycle saw 12 start-up projects showcase their ideas and offerings.
Commenting on SODIC’s support for the AUC Venture Lab, Magued Sherif, SODIC’s Managing Director said “In a country like Egypt where the population is vast and over half of it is under 25, the future really lies in the hands of the youth, this is why at SODIC, we believe in supporting education in all its different forms; early childhood education, schooling and entrepreneurship. We are proud to be a long term partner of the AUC, in this rewarding and valuable initiative.”
AUC V-Lab- SODIC 5TH Cycle Start Ups
Azamoka is a mobile games studio that creates a variety of games for both entertainment and educational purposes. Azamoka’s core values are presented in high quality games among other things, Azamoka offers product and value simulations through creative game designs that would appear to customers’ interest.
Chalkifi is an online platform that allows users to hold meetings and share information through a virtual chalkboard. Unlike other platforms, Chalikifi uses less bandwidth, storage and does not require any installations, which allows users to hold virtual meetings more efficiently.
Dshirts.met empowers everyone to customize digital t-shirts per piece competing with top brands’ quality, while maintaining affordable prices. Our online platform offers an easy to use tool accommodating everyone’s needs from kids to merchants.
Escape HD offers headsets with the vision of making virtual reality affordable and accessible, allowing everyone to experience the impossible in the world of gaming, cinema and storytelling. Escape HD will build an incredible community of game developers, content creators, and artists in the Middle East and North Africa region.
Frien10 is an online platform that connects individuals with similar interests, who live in the same area, to come together. The application connects users through an interest-matching algorithm, to ensure the compatibility of the group members. The group then revers the meeting spot through the application to attain special offers and discounts at the location of their choice.
Kosatk is a website that connects training centers and potential clients, whereby clients can have the opportunity to choose between a variety of courses and centers. Korsatk will facilitate clients’ with ratings for every course based on previous clients’ experiences.
Koshk Comics is a mobile app for digital comics available on smart mobiles and tablets. Through the Koshk Comics website, authors and artists can self-publish and distribute their artwork in digital markets, creating a platform for readers to read and purchase digital comics.
Omash.com is an online directory that collects fabrics from tailors all across Egypt, and displays them online for customers to purchase and use for design purposes. Through online accessibility, governorates are also able to have wider collection of fabrics. Orders are processed by cash on delivery basis and samples are delivered upon request.
PayMe marks the future of payment methods in the region. By allowing businesses to accept card payments through their customized Quick Response (QR) Code, PayMe reduces the hassle of long bank procedures and hardware installation costs. The financial app also serves as a convenient substitute for credit cards and cash on delivery, since customers can now secure their information on their phones and be in full control of the transaction.
Pesos is an easy-money machine that provides you with the money for unlocking your mobile phone. Mobile users unlock their phones hundreds of times a day so why not get paid for it? Pesos provides users with ads that get displayed every time their phone is unlocked. Users have the option to redeem money by sliding their phone to unlock or sliding their phone to share an ad on Facebook and get paid a higher amount.
Rakna is a mobile application for a valet on demand service. The users can request a valet to meet him at his desired location to park his car. From our side, we ensure that his car is parked in one of our secure locations. At the user’s request, we return the car anywhere he desires within our coverage area.
Windrose is a software development firm that specializes in devising customized software solutions for businesses and organizations. Windrose’ products are tailor-made to each and every client’s own individual needs. The services provided include the development of iOS, Android and HTML5 applications, custom databases and APIs, and web devel0ment and operations.