Business & Technology

Empowering Egypt’s Entrepreneurs And Creating Sustainable Jobs

Empowering Egypt’s Entrepreneurs And Creating Sustainable Jobs

Hend Riad, a young Egyptian entrepreneur, and Thierry Feike in Berlin.

For Egypt, entrepreneurship has boomed since the 2011 revolution. While other segments in society may remain shackled, entrepreneurship has seen a huge rise in Egypt, with more youth taking matters into their own hands and developing creative and innovative projects and ideas.

Enpact, a non-governmental organization founded in 2013 in Germany, has witnessed this change and has decided to play a role in further empowering Egypt’s entrepreneurs in order to shape a sustainable society.

Running a mentoring program called ‘Engage-Participate-Act’, which is funded by the German Federal Foreign Office, the program is currently looking for 60 entrepreneurs across Egypt, Australia, Germany, Jordan, Morocco, Switzerland and Tunisia. The objective of this program is to foster knowledge exchange between these young entrepreneurs from different regions in order to equip them with the expertise to create sustainable jobs.

In Egypt, where the unemployment rate is 13%, of which 78% are youth aged between 15-29, creating new, sustainable jobs is crucial for the economy and the future of the country’s youth.

From transport, recycling, and environmental technology, to education, health, finance and even fashion, enpact’s program will be implemented with an emphasis on ensuring entrepreneurs from different countries get to interact with each other while also meeting influential figures from the entrepreneurial world.

“It’s a great opportunity to share and exchange our business experience with others, learning more about managing and expanding our business,” said Hend Riad of Reform Studious, one of Egypt’s participants in last year’s enpact program.

“Having the opportunity to work with companies and people from unfamiliar start-up scenes gives me new, invaluable perspectives on business,” explained Jonathan Courtney.

Startups associated with enpact have created up to 2,000 jobs in the past years, said a representative of the organization, who added that all costs during the program (including travel, visas, hotel, mentoring and more) are covered for the 60 entrepreneurs that are chosen.

To learn more about this program and to apply, check out www.enpact.org/international. The deadline for applications is March 15, 2015.

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