Get any 3 reports for $799 with MAGNiTT PRO!

CIT Minister Meets & Recognizes 30 Booming Egyptian Tech Startups

MAGNiTT News zawya.com - 2 years ago - Wed, Mar 13, 2019, 7:58 AM

CIT Minister Meets & Recognizes 30 Booming Egyptian Tech Startups
Author: MAGNiTT

By: Zawya

 

SOURCE: Zawya - CIT Minister Meets & Recognizes 30 Booming Egyptian Tech Startups


The meeting comprised an open discussion and exchanging ideas between the CIT Minister and the entrepreneurs, where the minister stated that Egypt is supporting and investing heavily in the ICT-based innovations and the entrepreneurship ecosystem as a whole given its importance in building a creative and knowledge-based economy.

Cairo, Egypt: The Minister of Communications and Information Technology, Amr Talaat, met with a handful of successful Egyptian startup entrepreneurs during “Startup Day” hosted by the ITIDA’s Technology Innovation and Entrepreneurship Center (TIEC).

The meeting comprised an open discussion and exchanging ideas between the CIT Minister and the entrepreneurs, where the minister stated that Egypt is supporting and investing heavily in the ICT-based innovations and the entrepreneurship ecosystem as a whole given its importance in building a creative and knowledge-based economy.

“Startup Day” is a platform aimed at stimulating tech innovation and entrepreneurship through engaging with entrepreneurs where they can showcase their success stories and share experiences and challenges to inspire their peers and to recognize their achievements that are acknowledged by leading organizations and are featured in related global reports.

The recognition of more than 30 start-ups comes on the heels of notable developments made by these companies where most of them have been listed among the best startups in EMEA region while a number of them have won first places in renowned high-tech innovation competitions.

The Ministry of Communications and Information Technology (MCIT) is building on Egypt’s thriving startup scene by accelerating innovation capabilities and supporting entrepreneurs through multiple initiatives that help transform their creative ideas into commercial projects and creating an enabling environment for growing and expanding startups.

Talaat referred to the great strides that Egypt has made and the continuing endeavors to encourage entrepreneurship and qualifying digital-savvy calibers across Egypt, thereby increasing Egypt’s ICT exports, and promoting Egypt’s position as an IT and innovation hub on regional and global levels.

The ICT Minster highlighted that the digital transformation present projects offer huge opportunities for the local startups where they can deploy their innovative tech and digital solutions.

He added Egypt’s national strategy for Artificial Intelligence (AI) is to be implemented within three to five years, in collaboration with the Ministry of Higher Education and Scientific Research.

READ FULL ARTICLE

GET ON THE LIST

Stay up to date, subscribe to our newsletters

Already subscribed? Update your preferences.

Latest News