Challenges & Opportunities of SMEs and Technology Entrepreneurship in Egypt

//Challenges & Opportunities of SMEs and Technology Entrepreneurship in Egypt

Challenges & Opportunities of SMEs and Technology Entrepreneurship in Egypt

 

Egypt-Italy Workshop on

Challenges & Opportunities of SMEs and Technology Entrepreneurship in Egypt

The British University in Egypt

20 – 21 November 2017

Organizers

Scientific and Technological Office at the Embassy of Italy in Cairo    

Technology Innovation and Commercialization Office (TICO) at the British University in Egypt

 

Main Partners

Academy of Scientific Research and Technology            

Central Metallurgical R&D Institute           

 

Sponsors

  • Academy of Scientific Research and Technology (ASRT)
  • The Technical and Vocational Education and Training (TVET)
  • Oil and Gas Skills (OGS)
  • ALEP                                                                                

Supporting Partners

  • Italian Trade Agency
  • Italian Agencies for New Technologies, Energy and Economic Sustainable Development
  • Italian Observatory for Industrial Districts
  • Distretto Aerospaziale della Campania
  • Inter-Universities Research Centre for Sustainable Development – CIRPS
  • University of Venezia “Ca Foscari”
  • University of Roma “La Sapienza”
  • A new Partnership on Research and Innovation in the Mediterranean Area (PRIMA)
  • MACSENIOR Engineering Product Services
  • Egyptian Federation of Investors Associations (EFIA)
  • Industrial Modernisation Centre (IMC)
  • Egyptian Information, Telecommunications, Electronics, and Software Alliance (EITESAL)
  • MFK Foundation for Society Development
  • SEKEM Development Foundation
  • Techno-Kheir for Development
  • Oriental Weavers Group
  • Sawari Ventures

Introduction

Italy’s SME constitute around 99.9% of the total enterprises, employ more than 11 million people, account for 68% of the value added to the Italian economy, and generate around 440.3 billion Euros. Since 2002, Italian SMEs have seen a qualitative growth of 39% higher than that of any other EU countries. Italy has the highest number of SMEs in the European Union that exports their products. In 1994, Italy established 50 industrial districts in order to facilitate the dialogue between the firms and the supply chain networks to foster the sharing of national and international strategic plans and visions. The districts include more than 75,000 enterprises, 48,000 employees and have a turnover of EUR 67 billion (of which EUR 25 billion is in exports). These districts developed the connections among institutional, economic, cultural, and scientific players. The districts promote relations with industrial play-makers to monitor and encourage the development of districts and supply chains.

Egypt SMEs constitute around 97% of all formal sector enterprises employing around 8.8 million people, providing 75% of all employment opportunities and generating around 67 million euros. Due to recent structural reform, the Egyptian economy is achieving high growth rates and an attractive investment climate has evolved. Egypt‘s current social and political transformation poses historic challenges and opportunities for its economic development and growth. The country has one of the most diversified economies in the MENA region. Egypt’s current social and political transformation poses historic challenges and opportunities for its economic development and growth.

Thus; the workshop aspires to merge forces between the Italian and the Egyptian industrial sectors to transfer knowledge and bring the Italian experience into Egypt in order to enhance the Egyptian SMEs and increase their share in the Egyptian economy.

Egypt-Italy Workshop on Challenges & Opportunities of SMEs and Technology Entrepreneurship in Egypt focuses on 5 main sectors:

  • Textiles and Garments
  • Construction and Energy
  • Food Industry
  • Information Technology and Space
  • Petroleum and Petrochemicals

 

The workshop aims to highlight the challenges and opportunities in these 5 sectors. These analyses will lead to opening business opportunities for the enthusiastic Egyptian youth and entrepreneurs. Identifying the existing market challenges and opportunities opens business opportunities for young entrepreneurs. Typical entrepreneurial activities involve reaching out to the industry to highlight their challenges/gaps and further educate the research and entrepreneurial community about these challenges. The workshop aims to educate the youth about such processes and to couple them with partners who have business and entrepreneurial skills.

Objectives

The main objectives of the workshop are:

  1. Explore: to help young entrepreneurs, researchers, SMEs, NGOs and public institutes to explore existing gaps and opportunities in the value chain of different sectors, to introduce the Italian experience in managing successful SMEs and technological start-ups, and to identify potential collaboration with the Italian counterparts.
  2. Launch: to help young entrepreneurs and researchers to identify National/ Italian/ European funding opportunities to launch their businesses, while presenting a wide range of business skill-sets needed by entrepreneurs.

Expected Outcome

The expected outcomes of Egypt-Italy Workshop on Challenges & Opportunities of SMEs and Technology Entrepreneurship in Egypt are:

  • Present success stories by young entrepreneurs and SMEs from Egypt and Italy.
  • Present existing challenges and opportunities in the targeted sectors.
  • Train fresh graduate students and young entrepreneurs on basic business skills.
  • Provide best practices for both SMEs and technology entrepreneurship.
  • Connect business leaders, researchers and young entrepreneurs from both Egypt and Italy.

 

Register Now
By | 2017-11-14T07:47:56+00:00 November 13th, 2017|News|0 Comments

About the Author:

Leave A Comment