Injaz Egypt’s 8th Annual Start Up Competition
Injaz Egypt, one of the world’s largest and fastest growing organizations specializing in economic education, and Mobinil, took part in the 8th annual Start Up Egypt competition, one of the largest entrepreneurial events in Egypt where young entrepreneurs from across the country gathered to compete for seed funding and incubation.
The trade fair was held on Wednesday April 9, 2014 at the American University of Cairo New Campus in association with the School of Business and the Entrepreneurship and Innovation Program (EIP). This trade fair marks the culmination of acceleration phase of the entrepreneurial pipeline. Over 150 students from over 15 universities and 6 governorates comprised the final 20 teams participating at this year’s trade fair.
Each team showcased their product/service to an esteemed panel of judges in hopes of entering the final phase of the pipeline, which grants winning team’s seed funding, incubation, and guidance to start their business. This year 20 teams took part in the trade fair and 8 teams came out as winners, with Mobinil exclusively providing the seed funding for young entrepreneurs starting their business as part of their initiative to employ 100 thousand Egyptians.
“Injaz Egypt is constantly finding innovative methods to provide opportunities for young graduates to succeed and give back to our country. This year we are proud to have so many successful ideas come to life, and it continues to show the potential our future generation holds, “ said Dina El Mofty, Executive Director for Injaz Egypt.
Everyone was in high spirits throughout the day. The main theme “Everyone’s a winner” provided everyone with the opportunity to win a prize. Students were given a second opportunity to win additional funding by gaining votes via social media and during the event. Additionally, everyone who attended the event took part in a lottery, where Mobinil provided lucky winners with a variety of gifts.
“Mobinil has been serving the community for over 16 years and continues to do so with its initiative to empower and increase employability of thousands of Egyptians. We will continue to cooperate and partner with major NGOs’ and institutions to achieve this goal,” said Vice President of Commercial Department at Mobinil, Ashraf Halim. Halim also went on to thank the Mobinil volunteers who continue to dedicate their time and effort towards the cause that aids youth to gain the necessary experience to become successful.
INJAZ Egypt delivers experiential learning in financial literacy, work readiness and entrepreneurship, effectively enriching the ability of young people to both engage in their own economic development and contribute to the strength of their communities and economies. INJAZ has been working in Egypt for more than a decade to promote the skills of employability and to promote entrepreneurship among Egypt’s chronically unemployed youth. Partnering with business and educational institutions across the country, INJAZ supplements school curriculum with programs designed to build the capacity and realize the potential of students and young graduates.