Ministry of Communications and Information Technology
24 July 2023
ITIDA, UNDP Launch Project to Drive Digital Innovation in Egypt


The Information Technology Industry Development Agency (ITIDA) and the United Nations Development Programme (UNDP) have signed an agreement on launching the “Maturation of ICT-enabled Innovation-driven Entrepreneurship Ecosystem” project.
 
The signing ceremony took place at ITIDA premises in Smart Village. UNDP Resident Representative in Egypt and ITIDA CEO signed the agreement.
 
The five-year project focuses on building a resilient, reliable, relevant landscape to foster innovation, ease access to financing flows for start-ups and innovators, and create networks of peers and mentors at various stages of start-up development. The aim is to enhance and sustain Egypt's leadership in digital innovation-driven entrepreneurship and propel it towards unprecedented growth. This is achieved by fostering an enabling environment for innovation and empowering entrepreneurs, thus driving economic growth and creating opportunities for sustainable development.
 
Signing the agreement marks the start of a new phase of reinforcing the ICT landscape in Egypt. The new project will help fulfill the demand and ambition for rapid digital transformation, which has the potential for a multiplier effect on development goals such as economic improvements, climate change mitigation, and women’s economic empowerment.
 
It is worth mentioning that a previous project of UNDP and the Technology Innovation and Entrepreneurship Center (TIEC) of ITIDA, that concluded in 2021, helped create 31,000 jobs, upskill 1,550 entrepreneurs, and support 1,800 start-ups in Egypt.
 
In Egypt, there is untapped potential for talent and ideas to contribute to the country’s digital space. Startup Genome, an international innovation policy and research firm, values the Cairo start-up ecosystem at US$8.3 billion over the period of January 2020 to December 2022.
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