Product Development Projects (also PDPs) are essential for companies seek competitive advantages in the electronics industry. PDPs focus on creating products that are ready for mass production, which requires a high level of technological readiness. On the NASA Scale, this means achieving a Technological Readiness Level (TRL) 9 rating.
Fortunately, companies in Egypt can take advantage of the joined Information Technology Academia Collaboration (ITAC) and Egypt Makes Electronics (EME) initiative PDP Support Program to help fund their Product Development Projects (PDPs). The Program provides funding of up to EGP 5 million, though only a partial reimbursement is available.
However, it is important to note that all ITAC rules apply to these projects. This means that companies need to follow the regulations and guidelines set forth by the ITAC to be eligible for the funding.
One key aspect of the EME Program is that electronic companies can apply solely for this fund with no academic partner. This provides flexibility for companies that prefer to work independently or already have partnerships in place.
EME-funded product development projects bring a valuable opportunity for electronics companies in Egypt to take their products to the next level. By focusing on achieving a TRL 9 rating, these projects can help companies create products ready for mass production and compete on a global scale. With funding available of up to EGP 5 million and flexibility to apply with no academic partner, EME Program is an attractive option for companies looking to invest in their product development.
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