PTS Investments and BTU establishes new startup hub in Egypt

PTS Investments and BTU establishes new startup hub in Egypt

PTS Investments Holdings Inc. has partnered with Borg El Arab Technological University (BTU) to launch an extensive digital platform catering to technical education students and graduates. This collaboration also includes establishing a pioneering startup hub named “Kemtech Valley-BTU” to foster research outcomes and graduation projects, harnessing the university’s faculty and student expertise. The overarching objective is to translate these valuable resources into investment opportunities, practical solutions, and marketable industrial products.

Aligned with the Egyptian Applied Technology Valley, known as “Kemtech Valley,” this partnership operates under the auspices of the Supreme Council for Technological Education of the Ministry of Higher Education and Scientific Research. PTS Investments Holdings Inc., in collaboration with Venture Kemtix and COREangels MEA, has secured substantial funding for this initiative, underlining its pivotal role in fostering entrepreneurship, startups, and innovation while nurturing young talent in Egypt.

The inaugural digital platform, spearheaded by technical universities, aims to provide a comprehensive array of services encompassing development, training, employment, and support for innovation and startups. Targeting both current students and graduates of technical education programs in Egypt and beyond, the platform endeavours to facilitate collaboration between governmental, educational institutions and the private sector in applied technology education. Serving as a centralized digital gateway, it connects students and graduates with diverse local and global job markets, offering detailed insights into available opportunities and requisite skills.

Eng. Maha Mandour, group managing director for PTS Holdings, underscored the partnership’s significance in bolstering Egypt’s educational and employment landscape. She emphasized the role of educational institutions and investment entities in nurturing Egyptian youth talent through initiatives such as entrepreneurship fellowship programs, which offer free scholarships to top-performing students from technology universities. Mandour further detailed the mentoring process by industry experts and university professors, culminating in the presentation of innovative project ideas to a specialized committee for potential sponsorship and support from the “Kemtech Valley” entrepreneurship studio.

Over the past three years, this initiative has granted scholarships to over 1,000 students from various technology universities and incubated five innovative projects, with the aim of propelling them into viable startups through private sector sponsorship.

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