Egypt's Technology Innovation and Entrepreneurship Center Backs ICT R&D

16 April 2024

TIEC is committed to fostering innovative ideas that positively transform the country. It offers training programs and collaborative spaces essential to the growth and success of entrepreneurs.

The Technology Innovation and Entrepreneurship Center (TIEC) is an innovation center affiliated with the Egyptian Ministry of Communication and Information Technology. Since its inception in September 2010, the center has been dedicated to catalyzing innovation and entrepreneurship, driving tangible impact across Egypt.

The TIEC seeks to unleash creative solutions and innovative ideas that have an impact on Egypt. On its website, it says it aims to spur innovation and entrepreneurship in Egypt, fostering a knowledge-based economy. To achieve this, the center develops strategies, provides facilities, and promotes intellectual property frameworks, the website adds.  

Under the leadership of its president, Hossam Osman, the center supports research and development in the local ICT industry, finances startups, and promotes Egypt as a relocation destination. It offers one-to-one professional consulting services to startups and companies in areas such as finance, digital marketing, sales, and business development. It also offers a free workspace where technology companies, investors and techstars can meet, work, learn, and collaborate.

The Technology Innovation and Entrepreneurship Center offers several programs to support young entrepreneurs, including InnovEgypt. InnovEgypt aims to turn students and graduates into successful entrepreneurs. It is a training program in innovation and entrepreneurship.

The center also organizes a series of conferences covering various technological topics. Called the TIECnovation Talks Program, this initiative aims to promote technological innovation among entrepreneurs, young professionals, recent graduates and students.

Since its inception, 509,468 people have participated in a training program organized or facilitated by TIEC. The center has supported 13,168 entrepreneurs and 2,206 startups. In addition, 7,425 ideas or solutions developed by individuals or teams have already been submitted to TIEC as a result of its programs, events, and activities. The Technology Innovation and Entrepreneurship Center has also created 71,283 job opportunities.


Source: We Are Tech Africa


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