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    Registration opens for COP27’s side events at Sharm El-Sheikh’s green zone: minister

    Registration opens for COP27’s side events at Sharm El-Sheikh’s green zone: minister

    AOI receives delegation of Army War College Nigeria students

    AOI receives delegation of Army War College Nigeria students

    Saudi Egyptian Company acquires minority stakes in 4 companies

    Saudi Egyptian Company acquires minority stakes in 4 companies

    Egypt receives UNDP $11.2m grant for HIV, tuberculosis patients services

    Egypt receives UNDP $11.2m grant for HIV, tuberculosis patients services

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    Supporting fishermen in Daqahliya

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    Sri Lanka introduces bill to clip presidential powers

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    Sports min. hails UAE’s support to Egypt

    Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

    Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

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    Saudi Egyptian Company acquires minority stakes in 4 companies

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    Greek coastguard rescues 29 off Rhodes island

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    Schneider Electric evolves mySchneider IT partner program

    Schneider Electric evolves mySchneider IT partner program

    Telecom Egypt signs a national roaming agreement with Orange Egypt

    Telecom Egypt signs a national roaming agreement with Orange Egypt

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    LG Egypt: Virtual brand shop provides unique shopping experience

    Wadi Degla selects Freshworks to delight members off the field

    Wadi Degla selects Freshworks to delight members off the field

    ICT Minister witnesses signing of MoU between ITIDA, Valeo

    ICT Minister witnesses signing of MoU between ITIDA, Valeo

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    Nokia, EAI sign pact for manufacturing Nokia phones in Egypt

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      Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

      Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

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      Saudi Egyptian Company acquires minority stakes in 4 companies

      Egypt’s monthly inflation rate increases by 0.9% in July: CAPMAS

      Egypt’s monthly inflation rate increases by 0.9% in July: CAPMAS

      Analysis: Streamlining business for luring direct investment

      Analysis: Streamlining business for luring direct investment

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      Arab Developers Holding contracts with Incomercial to lease Park Mall in New Cairo

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        Sports min. reviews preparations for int’l shooting championships

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        Sports min. hails UAE’s support to Egypt

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        Qatar World Cup to begin one day earlier than planned

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        British Open champion Smith joins LIV

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        Morata may help Atlético Madrid complete its attack

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        Egypt conducts hearing screening for 3.4 million children as part of presidential initiative

        Egypt conducts hearing screening for 3.4 million children as part of presidential initiative

        John Hopkins: Coronavirus cases worldwide exceed 586m

        John Hopkins: Coronavirus cases worldwide exceed 586m

        As Spider-Man turns 60, fans reflect on diverse appeal

        As Spider-Man turns 60, fans reflect on diverse appeal

        Mrs Sisi mourns veteran actress Raga Hussein

        Mrs Sisi mourns veteran actress Raga Hussein

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        The Iron Throne up for grabs again in ‘Game of Thrones’ prequel series

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          Robots used this year to serve pilgrims at Grand Mosque

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        Registration opens for COP27’s side events at Sharm El-Sheikh’s green zone: minister

        Registration opens for COP27’s side events at Sharm El-Sheikh’s green zone: minister

        AOI receives delegation of Army War College Nigeria students

        AOI receives delegation of Army War College Nigeria students

        Saudi Egyptian Company acquires minority stakes in 4 companies

        Saudi Egyptian Company acquires minority stakes in 4 companies

        Egypt receives UNDP $11.2m grant for HIV, tuberculosis patients services

        Egypt receives UNDP $11.2m grant for HIV, tuberculosis patients services

        Supporting fishermen in Daqahliya

        Supporting fishermen in Daqahliya

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        • National Day
        Sri Lanka introduces bill to clip presidential powers

        Sri Lanka introduces bill to clip presidential powers

        Sports min. hails UAE’s support to Egypt

        Sports min. hails UAE’s support to Egypt

        Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

        Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

        Saudi Egyptian Company acquires minority stakes in 4 companies

        Saudi Egyptian Company acquires minority stakes in 4 companies

        Greek coastguard rescues 29 off Rhodes island

        Greek coastguard rescues 29 off Rhodes island

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        Schneider Electric evolves mySchneider IT partner program

        Schneider Electric evolves mySchneider IT partner program

        Telecom Egypt signs a national roaming agreement with Orange Egypt

        Telecom Egypt signs a national roaming agreement with Orange Egypt

        LG Egypt: Virtual brand shop provides unique shopping experience

        LG Egypt: Virtual brand shop provides unique shopping experience

        Wadi Degla selects Freshworks to delight members off the field

        Wadi Degla selects Freshworks to delight members off the field

        ICT Minister witnesses signing of MoU between ITIDA, Valeo

        ICT Minister witnesses signing of MoU between ITIDA, Valeo

        Nokia, EAI sign pact for manufacturing Nokia phones in Egypt

        Nokia, EAI sign pact for manufacturing Nokia phones in Egypt

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          Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

          Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

          Saudi Egyptian Company acquires minority stakes in 4 companies

          Saudi Egyptian Company acquires minority stakes in 4 companies

          Egypt’s monthly inflation rate increases by 0.9% in July: CAPMAS

          Egypt’s monthly inflation rate increases by 0.9% in July: CAPMAS

          Analysis: Streamlining business for luring direct investment

          Analysis: Streamlining business for luring direct investment

          Arab Developers Holding contracts with Incomercial to lease Park Mall in New Cairo

          Arab Developers Holding contracts with Incomercial to lease Park Mall in New Cairo

          Egypt, WB discuss activating food security agreement

          Egypt, WB discuss activating food security agreement

          Trending Tags

            • Real State
          • SPORTS
            Sports min. reviews preparations for int’l shooting championships

            Sports min. reviews preparations for int’l shooting championships

            Sports min. hails UAE’s support to Egypt

            Sports min. hails UAE’s support to Egypt

            Qatar World Cup to begin one day earlier than planned

            Qatar World Cup to begin one day earlier than planned

            British Open champion Smith joins LIV

            British Open champion Smith joins LIV

            Morata may help Atlético Madrid complete its attack

            Morata may help Atlético Madrid complete its attack

          • ENTERTAINMENT
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            Egypt conducts hearing screening for 3.4 million children as part of presidential initiative

            Egypt conducts hearing screening for 3.4 million children as part of presidential initiative

            John Hopkins: Coronavirus cases worldwide exceed 586m

            John Hopkins: Coronavirus cases worldwide exceed 586m

            As Spider-Man turns 60, fans reflect on diverse appeal

            As Spider-Man turns 60, fans reflect on diverse appeal

            Mrs Sisi mourns veteran actress Raga Hussein

            Mrs Sisi mourns veteran actress Raga Hussein

            The Iron Throne up for grabs again in ‘Game of Thrones’ prequel series

            The Iron Throne up for grabs again in ‘Game of Thrones’ prequel series

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              3 Egyptian airports among top 10 in Africa

              Fighter jets accompany President Sisi during his visit to Serbia

              Robots used this year to serve pilgrims at Grand Mosque

              Robots used this year to serve pilgrims at Grand Mosque

              Google faces internal battle over research on AI to speed chip design

              Google faces internal battle over research on AI to speed chip design

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          Home Technology

          ITIDA boosts investors appeal in Egyptian Tech startups during “Techne Summit”

          ITIDA CEO: Surge in Egyptian Startups’ Investments with Funding Deals worth $400M during 2021

          by News Wires
          October 3, 2021
          in Technology
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          ITIDA boosts investors appeal in Egyptian Tech startups during “Techne Summit”
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          The Information Technology Industry Development Agency (ITIDA) and the its affiliate the Technology Innovation and Entrepreneurship Center (TIEC) participated in the seventh edition of “Techni Summit 2021”; a platform for a group of initiatives that support tech and tech-enabled startups around the Mediterranean region, held at the Bibliotheca Alexandrina.

           

          Tarek Al-Qadi, founder of Techne Summit, moderated a fireside chat with ITIDA CEO, Eng. Amr Mahfouz about “Enhancing investment Appeal in Egypt Tech Startup” during the opening session of the summit.

           

          In his talk, Eng. Amr Mahfouz, CEO of ITIDA, said that Egyptian startups have succeeded in attracting investments valued at $400 million during 2021, so far, reflecting the increasing confidence and appeal of investors in the solutions of Egyptian entrepreneurs and their technological innovations.

           

          Mahfouz stated that the Ministry of Communications and Information Technology and its affiliates will continue to support and foster innovation-based entrepreneurship and strongly support startup companies, as we’re seeking to establish a digital innovation hub in each governorate where all forms of support and specialized training are available in addition to emerging technologies labs, embedded systems, electronics design, and business incubators. and co-working spaces for startups.

           

          Mahfouz indicated that the number of trainees in technological fields has doubled this year, as the agency has trained and graduated more than 65 K trough “Egypt Future Work is Digital” better known as EgyFWD initiative, in the most in-demand technology tracks in the labor market, including data analysis, website development, and digital marketing.

           

          To boost the startup’s ecosystem and attract more global VCs to Egypt, ITIDA’s CEO indicated that the agency brings global matchmaking events between investors with startup founders, as well as supporting them in international exhibitions such as “WebSummit” in Portugal and “CES” in Las Vegas to help them promote their innovations and tech solutions and enhance their capability of creating partnerships and penetrate foreign markets.

           

          Mahfouz affirmed that ITIDA seeks to define and put solutions to the challenges and obstacles facing startup companies, whether in the establishment phase or that impede the injection of investments into these companies, without the need to resort to legislative amendments and that in cooperation with a working group that includes representatives from several governmental and private agencies. Mahfouz added that entrepreneurs should establish their companies as joint-stock company which is better than the limited liability company option.

           

          Mahfouz added that ITIDA has formulated a five-year strategy in cooperation with a global consulting firm that aims to enhance Egypt’s regional and international position, by encouraging and attracting more investment funds, VCs in the Egyptian market, and helping local startups to scale both locally and globally.

           

          Several governmental and private agencies participate in the summit, including the Information Technology Industry Agency (ITIDA), Egypt Post, the Chamber of Information Technology, the Digital Economy and Technology General Division – DETGD, the German Cooperation for International Development (GIZ), Fawry, and Roche. Healthcare, Hivos, Adventures, Sanad Investment Fund, Egypt Ventures, Zoho, Inertia, Novartis, and JTC.

           

          Tags: Bibliotheca AlexandrinaITIDAstartupstechTechne SummitTIEC
          News Wires

          News Wires

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