He assured that TIEC
is the best and most important business incubator in Egypt and the Arab world.
In addition, this agreement will provide a framework for future cooperation within which Nokia & TIEC
can develop and undertake collaborative activities and projects to further enable the local ecosystem.
Our collaboration with the MCIT and the TIEC is also intended to have a strong impact, not only on the Egyptian IT sector, but on the development of Egypt's SME sector at large," he added.
OPIC is pleased that TIEC is partnering with Abraaj Capital to support a fund that will help Egypt achieve that goal by investing in technology-based SMEs," said OPIC President and CEO Elizabeth Littlefield.
This is on the condition that the government's share would be 20% of the fund's capital, divided equally between TIEC and the Social Fund for Development.
On the other hand, TIEC is also working on cooperating with the World Bank to examine preparing the legislative climate for entrepreneurship through viewing other countries' experiences in this filed, such as the US.
Out of the $30 million technology allocation, the EGCF will be investing at least $6 million in fostering startups and early stage companies that are nurtured by the TIEC
incubation and other support programs.
I am pleased to be leading this multi-city program with our joint venture partner and TIEC
President Ed Durante," stated ieAssurance Global Director Jim Grindinger.
At the end of April, ieAssurance will also announce its full global training schedule for Q1 and Q2 training seminars lead by Ed Durante, president of TIEC
conditions and terms entail that the prize money should be spent on upgrading the projects and hiring new graduates.
ieAssurance was formed following months of planning and discussion between Faithful+Gould, TIEC
and the parent company of Faithful+Gould, Atkins, who together have recognized the industry need for quality management services and training for compliance and quality assurance standards in the energy industry.
Chairman Hossam Osman explained that Egypt Innovate ICT Award 2014 aimed to draw the community s attention towards the value of innovation in developing the Egyptian economy, present good examples for youth and startups and showcase local companies efforts to investors in ICT industry, thereby strengthening competitiveness of the Egyptian companies in the coming period.