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Egyptian Gazette
Home Technology

In an exceptional session of the Digital Nation 8 Conference: CIT signs 5 co-operation agreements to support entrepreneurs 

by Gazette Staff
December 2, 2024
in Technology
In an exceptional session of the Digital Nation 8 Conference: CIT signs 5 co-operation agreements to support entrepreneurs  1 - Egyptian Gazette
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During the 8th edition of the “Digital Nation” Conference and Exhibition, organized by the Chamber of Information Technology and Communications (CIT), five co-operation agreements were signed with the Egyptian Russian University, Misr El-Kheir Foundation, Al-Suwaidi Technical Academy, Al-Suwaidi Technological University, and the Innovation Support Fund.

The agreements with Al-Suwaidi Technical Academy, Al-Suwaidi Technological University, and the Egyptian Russian University aim to link industrial innovation activities with the outputs of the scientific and technological academic system while leveraging the technical capabilities of these institutions to foster entrepreneurship and innovation. 

The agreements were signed by Engineer Khaled Ibrahim, Chairman of the CIT Chamber, Dr. Sherif Fakhry, President of the Egyptian Russian University, and Dr. Mohamed Sobhy, Director of the Research Center at Al-Suwaidi University.

Supporting entrepreneurs and incubation

The CIT Chamber also signed a cooperation agreement with the Innovation Support Fund, affiliated with the Academy of Scientific Research. This government entity is a key supporter of innovation and entrepreneurship. 

The partnership is a step towards integrating technological manufacturing with activities supported by the fund to create, support, and develop more startups in this sector. 

The agreement was signed by Engineer Khaled Ibrahim, Chairman of the CIT Chamber, and Dr. Hany Ayad, Head of the Innovation Support Fund under the Ministry of Higher Education.

Additionally, a cooperation agreement was signed with the MisrEl-Kheir Foundation, a leading civil society organization active in entrepreneurship and innovation, through the “Jusoor” incubator initiative. 

This step aims to build a supportive ecosystem for all technological manufacturing activities.

Enhancing innovation

Engineer Khaled Ibrahim, Chairman of the CIT Chamber, emphasized that these steps align with the chamber’s vision of promoting innovation and entrepreneurship as core elements of its strategy. 

This complements its other roles in supporting major corporations, SMEs, and fostering cooperation between civil society institutions, government agencies, and the scientific community.

Technological manufacturing “Manutech”

Under the theme “Manutech Collaborative Forces Powering Innovation,” the third day of the “Digital Nation” Conference featured a panel discussion on mechanisms to support and develop technological manufacturing. 

Moderated by Saif Badawy, a CIT Board Member, the panel included experts such as Dr. Hany Ayad, Executive Director of the Innovation Support Fund; Omar El-Araby, Business Development Manager at El-Araby Group; Dr. Mohamed El-Bessi, Investment and Entrepreneurship Expert; Dr. Mohamed El-Naggar, Financial Services Sector Director at Banque du Caire; Dr. Khaled Youssef, Electronics Engineering Professor at Cairo University; and Ahmed Nounou, Founder and Chairman of Indos, a success story among startups in technological manufacturing.

The discussion addressed ways to support technological manufacturing activities, emphasizing the need for integrated efforts to develop the sector and improve the business ecosystem. 

This is vital in light of global economic challenges, increased competitiveness, and the necessity to boost exports while reducing imports.

Bilateral session with El-Araby Group

As part of the conference’s efforts to support local industries and advance technological manufacturing towards digital transformation, the CIT Chamber organized a bilateral session between officials of El-Araby Group and eight member companies. 

The aim was to provide technological solutions to industrial challenges faced by the group.

These challenges were related to logistics and supply chain activities. A second round of meetings is planned following the establishment of an initial framework for collaboration between El-Araby Group and participating companies.

Tags: CITconferencedigitalNation

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