Expo Live, while not disclosing the amount for each project, says it would grant up to US$100,000 per initiative under its Innovation Impact Grant Program.
With a mission to connect startups to business resources, the Summit provides a platform for stakeholders to share their experiences of growing a business, offer support and learn more about the region's business ecosystem.
If there ever was any uncertainty around the acceptance of Egypt as a growing entrepreneurship hub, a few recent developments are likely to put it to rest.
With a large section of Egypt's population being underserved in their access to financial services, the country is emerging as a hotbed for fintech ventures.
The 2016 edition follows the Cairo Mini Maker Faire 2015, which holds the distinction of being the first Maker Faire (a concept with its origins in California, USA) event in the MENA region.
As it matures, Egypt's entrepreneurial scene is coming to terms with the reality of the context in which it operates, and looking for ways to maneuver around the roadblocks that come along.