US-based VC company, PTS Investments Holdings Inchas actually partnered with Egypt’s Borg El Arab Technological University to release a detailed digital platform that uses a variety of services for tech trainees and graduates to assist them end up being business owners with a six-figure financial investment.
The collaboration involves the launch of the inaugural start-up business through the specialised entrepreneurship studio “Kemtech Valley-BTU.” This effort intends to support and promote research study results and graduation tasks while leveraging the competence of the university’s professors and trainees. Eventually, the objective is to change these important resources into financial investment endeavors, useful services, and commercial items that can be efficiently marketed.
According to Eng. Maha Mandour, group handling director for PTS Holdings, this collaboration is a substantial turning point in reinforcing Egypt’s academic and work facilities. It shows the favorable effect of universities and financial investment companies in the advancement of society and in supporting the remarkable skills of Egyptian youth in the fields of training and work. This is achieved through the arrangement of complimentary scholarships to valedictorians from innovation universities for involvement in the entrepreneurship fellowship program.
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This collaboration falls under the umbrella of the Supreme Council for Technological Education of the Ministry of Higher Education and Scientific Research, as part of the Egyptian Applied Technology Valley, or “Kemtech Valley.” PTS Investments Holdings Inc. has actually developed a collaboration with Venture Kemtix and COREangels MEA to present a digital platform. The endeavour has actually gotten considerable financing of 6 figures, stressing its important contribution to entrepreneurship, start-ups, and its devotion to promoting development and supporting young business owners in Egypt.
The platform’s primary focus is to develop a structure that assists in cooperation in between governmental universities and the economic sector in the field of used innovation education, which can be attained through a centralised digital entrance.
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This entrance serves as a connection point, connecting trainees and graduates from innovation education organizations to different regional and international task markets. It supplies comprehensive info about readily available task chances worldwide, along with particular abilities and requirements for each function. As an outcome, graduates can make the most of training and certification programs that equip them with the essential abilities for the task market.
The trainees will be trained and mentored by market and entrepreneurship professionals, with the support of university teachers, to establish preliminary designs for ingenious job concepts. By the end of the very first stage, trainees will provide their concepts to a specialised committee of professionals and market specialists. Some jobs will be chosen for sponsorship and assistance from the specialised entrepreneurship studio “Kemtech Valley.
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To date, the effort has actually granted scholarships to over 1,000 trainees from various innovation universities over a period of 3 years and has actually bred 5 ingenious jobs through the entrepreneurship studios with the goal of changing them into start-ups with the sponsorship of the economic sector.
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