Posted on: Saturday, 23 April 2022 – 14:21 | Last updated: Saturday, 23 April 2022 – 14:23
aTo Dr. Amr Talaat: We have invested 13 million dollars in the “Our Digital Future” initiative, and 20 thousand of the initiative’s graduates have succeeded in implementing independent projects worth 130 million dollars within a year
The volume of investments in new ventures in Egypt has grown from $ 190 million with 117 transactions in 2020 to $ 491 million with 147 transactions in 2021.
– Establishes 8 Egypt Digital Creativity Centers, and is currently working to establish 14 others
Dr. Amr Talaat, Minister of Communications and Information Technology, met with more than 69 young entrepreneurs and founders of start-up companies working in the fields of information and communication technology as part of the “Startup Day” activities run by the Center for Technological Innovation and Entrepreneurship “Tech” from the Information Technology Industry Development Agency “ITIDA” At the Digital Egypt Creativity Center at Sultan Hussein Kamel Palace, the event coincides with the celebration of the International Day of Creativity and Innovation.
The meeting dealt with an overview of the success stories achieved by entrepreneurs, the emphasis on the challenges they face, and the key mechanisms needed to overcome them, as well as the discussion of the most prominent proposals to the sector of emerging technology companies and innovation-based entrepreneurship.
And in his word; Dr. Amr Talaat explained that this meeting comes within the framework of multiple meetings aimed at communicating with promising companies and entrepreneurs, especially that this meeting brings together 60 companies that have succeeded in attracting investments worth $ 240 million in the past year ; He reviewed the efforts of the Ministry of Communications and Information Technology and its affiliates to support technological innovation and build digital capabilities.
Dr. Amr Talaat added that a technical training strategy is being implemented which includes a large number of initiatives in partnership with international companies and prestigious academic bodies to impart global experiences to the Egyptian youth, focusing on the disciplines most in the current demand is. and future labor market and diversity in education mechanisms to include hybrid education that combines traditional and digital learning methods; Point out that the ministry aims to prepare generations of trained cadres capable of competing in the regional and global markets by providing specialized training, starting with the development of digital skills for schoolchildren through the Digital Misr Initiative and the introduction of our schools for applied technology, then programs for university students by the Misr Informatics University and ending with the awarding of a master’s degree in advanced disciplines by the Digital Egypt Builders Initiative.
Dr. Amr Talaat indicated that the training budget has been doubled 22 times in three years, to increase from the training of 4 thousand pupils with a budget of 50 million pounds to the target of training 200 thousand pupils with a budget of 1, 1 billion pounds during the current fiscal period. year; Take note of the launch of the Our Digital Future initiative, which aims to empower young people from diverse academic backgrounds to gain leading-edge job opportunities in the field of information technology; Where $ 13 million was invested in training 80,000 people in the first version of the Our Digital Future initiative, and 20,000 graduates succeeded in implementing $ 130 million worth of independent projects in one year; He stressed that the initiative aims to provide generations capable of building a digital Egypt, helping emerging companies find the skills they need, as well as attracting international companies to establish outsourcing centers in Egypt .
Dr. Amr Talaat also reviewed the most prominent achievements of the Ministry in terms of supporting technological innovation and entrepreneurship, where eight Egypt Digital Innovation Centers are established in the governors, and 14 others are currently being established; He pointed out that the centers are aimed at providing technical training, developing digital and soft skills, and providing incubators for emerging projects in collaboration with major international companies specializing in technology incubators, and accelerating business. to manage these centers; He explained that there is collaboration with the American University in Cairo within the framework of his partnership with the Babson University of America to implement a training program for entrepreneurs and promising companies for a period of 3 months, and collaboration with MIT University to working to accelerate the growth of the entrepreneurship sector in Egypt, in addition to launching a special strategy for the start-up sector In collaboration with Deloitte Consulting, and launching the digital Egypt strategy for the outsourcing industry; He noted the growth in volume of investments in start-up companies in Egypt from $ 190 million, with 117 transactions in 2020, to $ 491 million, with 147 transactions in 2021.
Dr Amr Talaat also confirmed that more than $ 2 billion has been invested over three years to develop the information infrastructure, which has contributed to boosting Egypt’s ranking to become the first in Africa in the average fixed internet speed. worked to strengthen mobile networks by offering frequencies for companies and increasing numbers of mobile towers; Point out the efforts made within the framework of the preparation of legislation that supports the growth of the information and communication technology industry and simplifies procedures, as a protocol has been concluded with the Financial Supervisory Authority and the Investment Authority to support emerging companies in Egypt and to support and facilitate procedures for investors.
During the meeting, an open discussion took place between the Minister and the owners of start-up companies; Where young people have expressed their aspirations to grow and grow their business; The youth have made a number of proposals, notably the networking between university students and start-up companies with the aim of providing them with training grants within these companies, providing specialized training in advanced technology to make Egypt the leadership in these areas, and to pay attention to the empowerment of women to become entrepreneurs in the field of information technology, and the support of women’s capabilities in marketing, email, and the launch of an Entrepreneurship Association.