About InnoEgypt
InnoEgypt was EiTESAL’s arm to foster the national transformation toward innovation-based economies, combating unemployment through sustainable knowledge and empowering young entrepreneurial start-ups.
InnoEgypt worked on two interlinked tracks:
- First, it empowered young entrepreneurs by incubating 40 start-ups in five different industries: ICT, FashionTech, FoodTech, AgriTech, and Construction.
- Second, it defined and empowered supply networks and value chains to understand market needs, aiming to create better potential and develop opportunities within a newly designed ecosystem.
Four entities were involved, each focusing on a specific industry. EiTESAL incubated ICT, Sekem and Techno-Khair worked on FoodTech and AgriTech, and MFK focused on FashionTech and Construction.
The total project’s fund was approximately 1.8 million euros, with each start-up receiving 12,500 euros over a three-year incubation period.
"Toward Competent Innovation and Knowledge-Based Economies in Egypt via Business Incubation and Start-ups (InnoEgypt)."
EiTESAL was a crucial partner supporting ICT start-ups in Egypt. The InnoEgypt project, a EuropeAid-funded project under the TVET II program, operated on two interlinked tracks:
- Creating local jobs by empowering young entrepreneurs and SMEs with high growth potential.
- Defining and empowering supply networks and value chains to understand market needs, thereby
- Creating better potential and opportunities within a newly designed ecosystem.
Since 2017, three Egyptian partners and one Italian partner joined efforts to serve the following industries:
- ICT
- Construction
- Agri-food
- Fashion
Project Partners & Stakeholders:
- Heliopolis University
- SEKEM
- Farid Khamis Foundation
- The British University
- CESGI
