Techne Summit Cairo 2024 Concludes its Third Edition with 25,000 Attendees, 180 Investors, and 500 Startups

29 May 2024

Cairo International Stadium witnessed the closing of the third edition of Techne Summit in Cairo, the largest international event in the Mediterranean region, specializing in several fields such as investment, technology, and entrepreneurship, under the auspices and in collaboration with the Ministry of Communications and Information Technology (MCIT) and the Ministry of Youth and Sports (MOYS), the Information Technology Industry Development Agency (ITIDA), the Digital Economy and Technology General Division (DETGD), and the Federation of Egyptian Chamber of Commerce (FEDCOC), and Egyptian Micro, Small and Medium Enterprises Development Agency (MSME). Spanning over three days, 25 – 27 May, Techne Summit Cairo witnessed the participation of 25,000 visitors, 180 investors, and 500 startups.

In addition to the summit activities, which included numerous panel discussions and workshops conducted by local and international experts, covering 10 different tracks in technology and business management, day two of Techne Summit welcomed Dr. Ashraf Sobhy, Minister of Youth and Sports. During his inspection tour among the exhibitors, Dr. Sobhy expressed admiration for the startups, praising the young entrepreneurs from various governorates for their innovative ideas and projects.

Reaffirming its active role in supporting and empowering entrepreneurship among youth, Techne Summit launched two competitions. The first competition, entitled "Egyptian Entrepreneurship League (EEL)," aims to strengthen and empower entrepreneurs in the startup community across various fields such as renewable energy, green buildings, sustainable transportation, water management, waste management, and land management (sustainable agriculture). The competition witnessed fierce competition among 12 startups selected from 178 companies across Egypt. The participants competed to present their innovative ideas based on their engagement on various social media platforms, especially on TikTok, competing for financial prizes totaling up to EGP 500,000, won by both, Yuda and Tilestic companies.

The second competition, entitled "Empower-Her Champions", organized by Techne Summit in collaboration with GIZ Egypt, aims to promote gender equality in the workplace and create new leadership opportunities for women in various fields. The contest witnessed fierce competition, with over 40 Egyptian companies submitting outstanding proposals. Of these, only 11 companies reached the finals, with six emerging winners. Entlaq, OBM Education, Gowa El7alla, and Plstka were honored with the "Empowerment Champion" award, while Mattlob and Niotech received the "Community Impact" award. Additionally, all winning companies received 40% funding from GIZ Egypt to support initiatives for achieving gender equality.

Tarek El-Kady, Co-founder and CEO of Techne Summit, expressed his delight with the outstanding success of the third edition of Techne Summit, stating: "The success of the third edition of the Techne Summit in Cairo is a reflection of our ongoing commitment to supporting innovation and entrepreneurship in Egypt. The wide participation of entrepreneurs, Investors, and startups across Egypt and Africa is evidence of this success, reflected in the attendee numbers and the increasing significance of the technology and entrepreneurship sector in Egypt and the region. It also demonstrates a strong desire to exchange experiences, explore opportunities for cooperation, and promote entrepreneurship in various fields." El-Kady extended his gratitude to the Ministry of Communication and Information Technology, the Ministry of Youth and Sports, all state entities, and the diverse local and international partners for their significant support of the summit. He emphasized Techne Summit's commitment to furthering successes in entrepreneurship and technology in Egypt and the region.
Read more: Alalam Elyoum

Related News