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Egypt Entrepreneurship Summit 2017, November 15-18, 2017

Egypt Entrepreneurship Summit 2017, November 15-18, 2017

When?
November 15-18, 2017

Where?
Egypt

During November 15-18, 2017, The International Labor Organization in partnership with MCSBE Egypt will conduct the 3rd Egypt Entrepreneurship Summit.   This summit will will be held in Hurgada, Egypt along the Red Sea Riviera  will bring together practitioners, educators, policy makers, and industry CEOs to explore concepts and guiding principles that support the entrepreneurial ecosystem.   The conference themes will focus on The Future of Work, Knowledge Management as well as Policy and Education. The purpose of this gathering is to advance knowledge and ideas to support small business formation and growth.

SMEs can set the tone in the workplace and in broader society. This can be done in context of outlining their purpose, vision, and strategy to compete in the local and global marketplace.  Obtaining adequate and affordable capital continues to be challenge for small business owners.  Outdated business formation and ownership rules inhibit growth by small business.  Attracting and retaining a competitive workforce is a challenge due to labor rules and regulations. The cost of entry into markets remain a challenge.

Leading academic researchers, development experts, and policymakers from across the globe will share examples of new and innovative SME policy programs dealing with radical and dynamic markets; examine insights from policy design research; discuss the role of high-growth firms; and promote the importance of entrepreneurship as a key driver of innovation and sustainable development

 

Topics of discussion/presentation include:

•        Enterprising Universities

•        Access to Finance

•        Access to Land for Development

•        Business Licensing and the Informal Sector

•        Fighting Corruption

•        Future of Work

•        Humane Entrepreneurship

•        Knowledge Management

•        Gender and Potential for Development

•        Intellectual Property Rights

•        Trade Regulations

•        Education for Development

•        Labor Regulations and the New Work Force

•        Access to Enabling Infrastructure

        Procurement Opportunities for Small Businesses

•        Tax System for Sustainable Growth

•        Youth Entrepreneurship

•        Competition (state owned vs. privately owned)

•        Access to Telecommunications and Broadband

•        Big Data for Small Business Data (Informal vs. Formal)

•        Effects of Climate Change

•        Sustainable Development Goals and the Path to Completion

Unleashing the Kuwaiti Youth

Unleashing the Kuwaiti Youth

About INJAZ

INJAZ-Kuwait is a non-profit organization that was established in Kuwait in 2005 with a mission to inspire and prepare young people to succeed in a global economy. INJAZ-Kuwait works with students between the ages of 11-24 years through implementing programs in middle schools, high schools, vocational colleges and universities. Our various programs help prepare students for future success in Kuwait’s private sector based on 3 core pillars:

Entrepreneurship
Work Readiness
Financial Literacy

For the past four years I have been preparing my students to participate in the “Company Program”, an annual competition organized by Injaz-Kuwait (the national chapter of Junior Achievement). My students usually win the creativity prize. This year we won the creativity prize as usual, but also my students became the champions of Kuwait by winning the “Business of the Year” prize. They will be representing Kuwait at Injaz-Arab regional competition to be held in Cairo next November.

The nature of the competition encourages the students to always come up with a business idea that has a social impact. My students were able to establish a company called “Youth Creation” with the mission of developing creative and entertaining games that shed the light, and maybe solve, major social problems.

Youth creation launched its first product “Bootamba” in December 2017 to tackle the issue of increasing obesity in Kuwait. Bootamba (fat or obese in Kuwaiti slang) is a board game that offers knowledge and guidance on how to change your daily behavior in order to have a healthy lifestyle. Players learn about food, health, and fitness while enjoying a fun game. Moreover, physical movements are required as part of the game rules to help players in being active and burning calories.

The outcome of the game is to spread the awareness about the simple daily behaviors that could lead to obesity. The real impact of the game will happen if the young generation starts to think about changing their life style to fight the obesity problem in the country.

Bootamba is only the beginning for this social business. More games are expected to be launched in the coming years. The students are eager to continue with the business and to offer solutions to the social problems in the region.

Shahad Al Enizi, the CEO of the company and the owner of the idea of the business, has decided to become an entrepreneur and focus on developing more startup ideas.

Shahad and two more students are going to join the next stage with injaz, which is the incubation. Company Program alumni are invited to join the startup incubation process once they are done with the competition. During the incubation students will receive business consultations, meetings with mentors, and a seed fund of almost $10,000.

My former student Mr. Ali Al Haddad, is a company program alumni who joined the startup incubation last year. He is going to pitch for investors in Dubai very soon. He developed the idea of his business in my class in 2015. The Company is called Sun Out and it aims at finding solutions for problems facing people living in hot climate. The first product they developed was automatic cover for motorbikes that can be attached easily and controlled using the Bluetooth technology.

I couldn’t be more proud of my students who were able to establish a company, produce a produce, sell the product, and make profit in less than 13 weeks.

I wish them the best of luck and I can’t wait to prepare a new group for this amazing opportunity in the near future.

Samar M. Baqer, PhD., Fulbright

College of Business Administration, Kuwait University

Egypt’s Entrepreneurs featured in the Washington Times

Egypt’s Entrepreneurs featured in the Washington Times

Egypt’s core asset and main engine of growth is its youth. Its total population of more than 92 million is characterized by a demographic youth bulge, with a young median age of 23.8 years, compared to 37.9 in United States and 46.8 in Germany.

Tapping on these underutilized resources is critical for unleashing Egypt’s vast potential. Attaining high economic growth and creating jobs through efficient utilization of Egypt’s young human capital requires the transition from an efficiency-driven economy towards a more innovation one. This ambitious aim is based on strong fundamentals that currently exist in Egypt, which necessitate the political will that advances the right economic reforms, and creates a conducive environment with more efficient labor and financial markets, and more conducive frameworks — key ingredients that Egypt currently is heading toward.

Tech-savvy entrepreneurs and their startups focus on growth potential and consider innovation as the main driver of their ventures. On the other hand, large and long-existing corporations generally focus on profitability and long-term stability, with innovation playing a less important role.

Dr. Sahar Nasr

Egyptian Minister, International Cooperation

Want to check out more details of Egypt’s Entrepreneurs?

Photo Gallery: 2016 Egypt Entrepreneurship Summit

Photo Gallery: 2016 Egypt Entrepreneurship Summit

The Egypt Entrepreneurship Summit 2016 was a three day event, with parallel sessions, keynote speakers and a unique social program. Participants discussed what is happening in Egypt’s Entrepreneurship Ecosystem, and the event was featured on an Egyptian National News broadcast. Great work by @EgyptGEW @Tatweer_Misr and other stakeholders.

The photo gallery below includes images posted to social media. Thanks to @EgyptGEW, @elbeihw, @NahdetMahrousa, @Tatweer_Misr, @Dr_Samar_Baqer, @SherineCairo

Dreaming Together in Egypt

Dreaming Together in Egypt

A piece written by Dr. Ayman El Tarabishy, Executive Director, ICSB

Dr. Ki-Chan Kim, President of ICSB welcomed delegates to the 1st Social Entrepreneurship Conference held in Gouna, Egypt with a simple question. When do you start living? Delegates sat silent, confused with this question.

Why does a President of an international organization like ICSB ask a very strange and yet difficult question? We start living when we are born seems like the most logical answer.

Dr. Kichan quickly added, we start living when we start dreaming. He then further added that dreaming alone is just a dream, dreaming together it becomes a reality.

Dreamers, representing various sectors of the Egyptian community, came together to make one dream a reality. With this, the 1st Social Entrepreneurship conference was a reality.

This was the first social entrepreneurship conference ever held in Egypt. The conference is part of a wide range of activities during Global Entrepreneurship Week 2015, the world’s largest celebration of innovators and job creators.

The conference was organized by the International Labor Organization (“ILO”) and in partnership with the MCSBE, an ICSB affiliate, and Nile University with its Social Entrepreneurs Club.

The main pillars for the parallel sessions were divided into four sections as following:

  • A Conceptual and Definitional perspective of Social Entrepreneurship: introduction of the international definitions, the ILO definition, and the Social Enterprises Legislative Frameworks.
  • The Social Entrepreneurship Education and Training: presentation and demonstration of the ILO tools. ILO’s tools targets to reach social enterprises not only to improve the sustainability of their business but link them with opportunities for further support and market access.
  • The Social Finance: presentation of the Social Finance Values, the ILO Social Finance tools, and the ILO work in the field.
  • The Regional and International Best Practices: introduction of the Nile University’s work in Egypt, the George Washington University, and Social Economy & Local Community Development in different countries.

Speakers from the ICSB community included Dr. Tony Mendes, Immediate Past President of the ICSB USA affiliate (USASBE); Dr. Paul Swiercz, professor at the George Washington University, Dr. Paul Reynolds, and NGOs like SEKEM, and Nahdat Al Mahrousa.

To view complete slides and pictures, please visit the site: http://seconferenceegypt.org/

Engaging the Youth of Egypt

Engaging the Youth of Egypt

A piece written by Dr. Ayman El Tarabishy, Executive Director, ICSB

“So, which is more difficult? Being an entrepreneur or a leader?”

This is one of the questions asked by students from Nile University to Dr. Tony Mendes, immediate Past-President of the ICSB USA affiliate (USASBE), and Dr. KiChan Kim, President of ICSB.

In the courtyard of the Marriot Hotel in Cairo and over mint tea, discussions flowed between the students and ICSB leadership. Energy and enthusiasm were present, and curiosity perpetuated as Dr. Mendes shared his views about the topics.

His answer? “Being an entrepreneur is more difficult. Not only does an entrepreneur need to lead, but he/she also needs to innovate and find opportunities.”

Dr. Swiercz also chimed in with an interesting observation, “why, in Egypt, do most young people state that they have “Big Problems”?” Could they not know that “Big Problems” also mean “Big Opportunities?”

With that question, lingering in the minds of those gathered in that courtyard, Dr. KiChan Kim asked the students to explain the Suez Canal and its impact. His intentions were to showcase that entrepreneurship in Egypt needs more ambitious ideas like the Suez Canal.

On the topic of the Suez Canal, did you know that the Statue of Liberty was originally intended for the Suez canal?

As the Suez Canal neared completion in 1869, French sculptor Frédéric-Auguste Bartholdi tried to convince Ferdinand de Lesseps and the Egyptian government to let him build a sculpture called “Egypt Bringing Light to Asia,” at its Mediterranean entrance. Inspired by the ancient Colossus of Rhodes, Bartholdi envisioned a 90-foot-tall statue of a woman clothed in Egyptian peasant robes and holding a massive torch, which would also serve as a lighthouse to guide ships into the canal.

The project never materialized, but Bartholdi continued shopping the idea for his statue, and in 1886 he finally unveiled a completed version in New York Harbor. Officially called “Liberty Enlightening the World,” the monument has since become better known as the Statue of Liberty.

The world is interconnected – even in ways that many would not suspect – and with that anecdote in mind, it is up to the Egyptian youth to make it even more connected!