21 April 2020
ITIDA Starts Disbursing Export-IT Support to First Batch of Beneficiaries

The Information Technology Industry Development Agency (ITIDA) started disbursing the financial support of the 10th round of Export-IT program, to the first batch of ICT companies, on April 16.

ITIDA highlighted that 25 companies will receive support of total five million one hundred seventy thousand EGP, as ITIDA and the external reviewer of the program reviewed and approved the companies’ applications.

The first batch includes five micro and 20 small companies, out of 110 companies participating in the program so far.

ITIDA expedited the disbursement of Export-IT program financial support to start in April, with micro and small companies funded first. This comes as part of the prompt measures that ITIDA has taken to revive the IT market and support ICT companies, to mitigate the negative effects of Coronavirus Disease (COVID-19) crisis.

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