ARAB REPUBLIC OF EGYPT

AFRICAN DEVELOPMENT BANK (AfDB)

The Academy for Scientific Research and Technology (ASRT) Tanmia wa Tatweer – Egypt’s Entrepreneurship Development Project Grant No.: ML0032 – P. No.: G-EG-KZO-ZZZ-004

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES- FIRM SELECTION)

Assignment Title : STUDY ON INNOVATIVE FINANCING MECHANISM FOR START-UPS

REF: EG-TWT-CS-CQS-003

 

 

The Arab republic of Egypt has received financing from the Multi-Donor Trust Fund for Countries in Transition (TFT) through the African Development Bank toward the cost of the “Egypt’s Entrepreneurship Development Project”, and intends to apply part of the agreed amount for this grant to payments under the contract for “Study on Innovative Financing Mechanisms for Start-ups”.

The purpose of this assignment is to recruit a consultancy firm to conduct a study with the objectives of exploring new innovative financing mechanisms, specifically geared for start-ups and entrepreneurs, that are adaptable to the Egyptian context and can be readily implemented. This includes defining best practices in entrepreneurship financing used successfully elsewhere, and their potential adaptation to the Egyptian context. Special attention will be given to financing options for different stages throughout the start-up development process The study will highlight necessary reforms, legislations, capacity building, skilling/reskilling, and will define players required for efficient implementation of a set of recommended financing mechanisms for start-ups. The duration of the contract will be for 3 months

The Academy for Scientific Research and Technology (ASRT), Tanmia wa Tatweer – Egypt’s Entrepreneurship Development Project, now invites eligible firm consultants to indicate their interest in providing these services. Interested consultants must provide information indicating that they are qualified to perform the services (brochures, experience of at least 3 years in similar assignments, availability of appropriate skills and resources including acquaintance with Egyptian and regional entrepreneurial ecosystem, biographies of key experts involved in implementation, etc.). Consultants may constitute joint-ventures to enhance their chances of qualification.

The shortlisted criteria are :

  1. The consultancy firm is registered as a company or joint venture in AfDB member countries ;
  2. Key consultants to be acquainted with Egyptian and regional entrepreneurial ecosystem, and relevant proven track record of specialized qualifications ;
  3. At least 3 years of experience in similar assignments. Technical proposal to include the firm’s most-notable systems/projects that were developed previously similar to the requested under this assignment ;
  4. Submit a proposed timeline for all milestones within the period of performance and with optimum value for money.

Eligibility criteria, establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s “Rules and Procedures for the use of Consultants” dated October 2015, which is available on the Bank’s website at https://www.afdb.org using a Consultants’ Qualifications Selection (CQS) method. Interested consultants may obtain further information at the address below during office working hours, Sunday through Thursday, from 10:00 am to 15:00 pm. Egypt local time. Interested consultant firms can access the full text of the Terms of Reference (ToR) through http://www.asrt.sci.eg or requested by email (listed below).

Expressions of Interest must be delivered in hard or soft copy to the address below on or before Monday, January 11th 2021, at 15:00 PM, marked “STUDY ON INNOVATIVE FINANCING MECHANISM FOR START-UPS”.

Academy of Scientific Research and Technology

Address : 101 El Kasr Alaini St., Cairo, Egypt – 3rd floor – TWT PIU Unit

Attn : Mrs. Shaimaa Helal, TWT Director

E-mail : [email protected]; [email protected]

Copy to : Mr. Ahmed Hashem, TWT Procurement Officer

E-mail : [email protected]

Telephone numbers: 002 02 27921305 – 002 02 27921286 Fax number : 002 02 27921270