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.

Faster Internet Speeds And Lower Costs Coming To Egypt
100 Million Mobile Subscribers In Egypt Revolutionizing Communication

Subscribe to our newsletter


Technology

More in Technology

Introducing a New Environmentally Friendly Mode of Transportation using Scooters, Slyd

Nour EltiganiApril 8, 2019

Dryve Introduces Egypt’s First Digitized Car Rental Platform

Nour EltiganiApril 3, 2019

E-Payment Required For Government Services Starting May

Egyptian StreetsApril 3, 2019

Egyptian Student Creates a Project That Generates Electricity from Inorganic Waste

Nour EltiganiDecember 24, 2018

How Vezeeta Is Revolutionising the Doctor-Patient Relationship in Egypt

Nour EltiganiDecember 12, 2018

Japanese Health Care Company Sysmex Launches in Egypt

Nour EltiganiNovember 30, 2018

Three Egyptian Women Join L’Oréal-UNESCO For Women in Science Fellowship Program

Nour EltiganiNovember 20, 2018

Young Egyptians Building Cars From Scratch to Transform Egypt’s Automotive Industry

Mirna AbdulaalNovember 18, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.