SRTI Park, AUC sign MoU to support Mena entrepreneurship

The SRTI Park, AUC cooperation will include joint hackathons, knowledge sessions, and various startup exchange opportunities. - Supplied photo
The SRTI Park, AUC cooperation will include joint hackathons, knowledge sessions, and various startup exchange opportunities. - Supplied photo

Dubai - The MoU will provide guidance and support to startups in the Egyptian and emirati markets.



by

A Staff Reporter

Published: Sun 30 Aug 2020, 2:04 PM

Last updated: Sun 30 Aug 2020, 4:16 PM

The Sharjah Research, Technology and Innovation Park (SRTI Park) and American University in Cairo (AUC) have signed a Memorandum of Understanding (MoU) to support entrepreneurship and strengthen the startup ecosystem in the Mena region.
The MoU will provide guidance and support to startups in the Egyptian and emirati markets.
"This collaboration marks a great step for startups in the Egyptian and Emirati ecosystems. We are facilitating knowledge sharing, extending market insights and resources beyond local boundaries, and expanding our offerings to create regional impact," said Ayman Ismail, the Abdul Latif Jameel Endowed Chair of Entrepreneurship and associate professor at AUC School of Business and the founding director of the AUC Venture Lab.
Ismail added that through regional and international partnerships, AUC Venture Lab is committed to the growth of the region's entrepreneurial capacity from two of Mena's biggest startup ecosystems.
Cooperation will also include joint hackathons, knowledge sessions, and various startup exchange opportunities.
Hussein Al Mahmoudi, CEO of the Sharjah Research, Technology and Innovation Park, said: "The signing of this MoU with AUC is an important step towards further cooperation in joint research and development between Sharjah and Cairo."
Al Mahmoudi also highlighted the need for cooperation with the academic and research institutions in the region to attract investment to Sharjah's innovation sector. - business@khaleejtimes.com


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