ReportsFour Companies Sign Deals with Local and International Firms
Four Egyptian IT companies enrolled in the Technology Incubation Program (TIP) recently entered into a number of agreements and deals with several international, local and public firms.
The four companies achieved such successes only nine months after joining the program, sponsored by Information Technology Industry Development Agency (ITIDA).
ITIDA CEO Dr. Hazem Abdelazim said that the incubated companies proved the importance of sponsoring and incubating innovative ideas that clearly contribute to raising the added value of Egypt’s IT sector.
Dr. Abdelazim added that the agreement signed by these companies effectively reflect the promising future ahead of them. These companies made use of innovation and an enabling environment that generates creative ideas and helps them turn into real projects.
These companies plus four others won the Business Plan Competition for 2009 that qualified them to join TIP.
The companies also successfully passed the Entrepreneurship Qualification Program (EQP), which is considered the second generation of Business Plan Competition. EQP was designed to help teams develop and enhance their business plans.
eMarketing Egypt, which offers e-marketing solutions and competitive strategies for professional marketers and managers online.
The company entered into numerous agreements with companies that work on a variety of fields like tourism and travel.
Most contracts dictate that the company offers consultancy services in e-marketing, supervise advertising and promotional campaigns on the internet and design or develop their websites.
eMarketing Egypt, which won third place in the Business Plan Competition last year, provided real estate marketing services on the web for many high-profile companies’ projects in addition to designing a website for a business sector public institution and company.
Damlag was on top of the companies that managed to achieve its targets, turning its ideas into projects put forward in international markets.
Through its portal elcinema.com, the company entered into agreements with leading local and international companies.
Elcinema.com is the first of its kind portal in the Middle East. It contains the biggest database of Arabic drama series.
Damlag gave the right of using the e-content of the website for two years to a company operating in mobile applications and services.
The company offered similar services via a contract with another company. In addition, Damlag signed a two-year agreement with a mobile company in the UAE allowing it to use the website content on a mobile phone application.
Based on the agreement, Damlag will broadcast the content in Arabic, English and French.
The innovative ideas of 3Developers, specialized in 3D technologies, turned into a company offering distinguished technological products like Virtual Estate (VE). VE is a virtual marketing program that enables real estate agencies to showcase their products in an attractive manner so that potential clients can have an unprecedented 3D visual image of the real estate units.
On the international level, Optumatics, specialized in developing engineering and technical solutions and computational design services via highly accurate Computational Fluid Dynamics (CFD), targets through its basic specialties several sectors like automobile manufacturing and aerospace engineering.
The company signed an agreement with a leading international cars company on cooperating in R&D and developing scientific software for use in different fields.
The Technology Incubation program offered, through the incubated companies, more than 300 job opportunities. A total of 30 projects and ideas have been incubated since the program kicked off in four incubators in the Smart Village, Cairo University, Alexandria University and Assuit University.
Nine projects were carried out; five of them compete internationally. One of these companies export its products and services to countries like the US and England.
Some companies entered into agreements with international companies, while others attracted foreign investors to buy high percentages of stakes in the company. Also some companies signed deals with international organizations like the European Commission.
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