The Japan International Cooperation Agency (JICA), the Japanese governmental development agency, has announced plans to support Egyptian startups with funding and mentorship through its ‘NINJA’ competition for startups. Aiming to boost sustainable development in Egypt and support the entrepreneurship scene in response to the COVID-19 pandemic, JICA is launching NINJA – Next Innovation With Japan – as part of its attempts to foster innovation and contribute to the Sustainable Development Goals. Running a successful startup in countries in the Middle East, like Egypt for example, involves tackling quite unique challenges. The Middle East has quite the analytical workforce, and with the failure of many startups, comes the crucial step of applying the lessons learned. To implement NINJA, JICA has partnered with Practiq’s Digital Consultants Team to provide monitoring and mentoring services for selected startups. Practiq is a management consulting firm specialized in managing transformations through technology-friendly enablement. In addition to mentorship, Practiq has created a platform for their incumbent startups to seamlessly deal with tax and social insurance compliance in Egypt. Applying to NINA According to Practiq, startups hoping to apply to NINJA must have two elements: business readiness and…
JICA Launches New Initiatives for Egyptian Startups With Funding and Mentorship
March 24, 2022
