Silicon Waha for Technological Zones and P Maestro have announced the launch of the second cycle of the Startup Factory programme at the Technological Zone in Borg El-Arab, starting this July.
The programme, which launched its first session in the Beni Suef Technology Zone from 20 November 2020 to 2 January 2021, is a focused process based on the exchange of knowledge and experiences. This exchange takes place through training and discussions with many local industry leaders.
It aims to transfer experience to participants in the programme and provide a practical overview of the gaps between the industry and the local market in relation to digital technology services.
Besides training sessions, workshops, and webinars are held with international and local experts to discuss questions and recent situations in global and regional business to align the visions of entrepreneurs.
This is in addition to the practical experience that participants gain by creating solutions to challenges they face in their local communities.
In a press release on Tuesday, Silicon Waha said that the programme’s launch comes as part of the company’s keenness to provide the appropriate work environment for startups working in information technology (IT).
It also seeks to enhance the capabilities and expertise of entrepreneurs, which contribute to establishing Egyptian startups capable of competition. This also ensure they can contribute to implementing the state strategy for digital transformation, with an added value to the national economy.
During the first round of the Startup Factory programme, more than 60 entrepreneurial professionals were trained, including owners of technology startups or creative ideas in Beni Suef. This took place with the presence of several trainers with influential experience in various fields, and worked to give the trainees the necessary experience to enter the labour market.
The second session will not be limited to the technology zone in Borg El-Arab, and will extend until the end of this year to include other technological zones that will be announced later.
Mohamed Mounir, CEO of P Maestro, said that the partnership with Silicon Waha will provide access to the targeted segments of entrepreneurs and emerging companies working in technology nationwide. This is due to the distinctive capabilities provided by the technology parks.
It will also contribute to creating an appropriate work environment that represents a proper environment for creativity and innovation. During the programme’s second round, the company will work to help startups adapt to the changes taking place in the digital world.
This will also see P Maestro support businesses, by giving them innovative business models that support digital transformation.
It is noteworthy that at the end of the first round’s activities, three winners were selected from among the trained professionals. They include Colex, which specialises in the manufacture of biogas units from organic waste such as cow dung and bird farm waste, to produce methane gas.
This is used as an alternative to natural gas, in addition to producing organic fertiliser that benefits the soil.
In second place was Outlook Digital Solutions, a company that provides software solutions and alternative devices for educational institutions.
Meanwhile, third place was taken by Gwana, an application for psychological treatment based on cognitive behavioural therapy (CBT) and dialectical behaviour therapy.
It helps solve problems among girls aged 14-19 and young professional women between 20-30 years, and helps to draw a mental map of their mental health.