The Embassy of the Netherlands in Egypt announced on Thursday it has partnered with Egypt’s Ministry of International Cooperation and ALEXBANK on the entrepreneurial programme Orange Corners Egypt.
The programme is an initiative of the Netherlands meant to provide young Egyptian entrepreneurs with training, networks, and facilities to start and grow innovative businesses.
The initiative comprises two separate incubation programmes – one in Cairo and one in Upper Egypt’s Assiut governorate – each offering recurring six-month training cycles for 15-25 entrepreneurs at a time.
The entrepreneurial training pays special attention to startups in agriculture and the creative sector, and ensures a minimum of 50 percent participation of female entrepreneurs.
The Ministry of International Cooperation will support the implementing partners of the programme in identifying the untapped opportunities where innovative ideas can contribute to Egypt’s development across different sectors while achieving the sustainable development goals (SDGs).
Egypt’s Minister of International Cooperation Rania Al-Mashat said youth are the driving force of Egypt.
“Only by involving, empowering and enabling them, we will be able to achieve real strides towards sustainable development. 2021 is the year of private sector engagement: we are pushing towards the national development agenda through public-private partnerships that foster the sustainability ethos and spread it across several sectors; especially the entrepreneurial scene,” the minister added.
ALEXBANK will join the programme as a main private sector partner, supporting the programme with an annual financial contribution and in-kind support including masterclasses and mentorship for participating entrepreneurs.
“Our participation in the initiative is driven by our strong belief in Egypt’s startup scene. Egypt is a country of talented youth seeking the opportunity of becoming entrepreneurs, and the Orange Corners model can certainly contribute to fulfilling this wish by bringing also to Egypt a well-experienced startup framework. What’s more, we are excited to see the programme hosting chapters in two distinct and vibrant regions of Cairo and Upper Egypt, thus offering a truly inclusive approach. The programme can provide opportunities in the field of agribusiness and agritech, giving the chance to a new generation of entrepreneurs to venture into the evolution and integration of the agricultural sector that is so important to Egypt,” said Dante Campioni, CEO of ALEXBANK.
Han-Maurits Schaapveld, the ambassador of the Netherlands in Egypt, stated that young Egyptian entrepreneurs are the oxygen of Egypt’s economy.
“Therefore, we are very excited to collaborate with the Ministry of International Cooperation and ALEXBANK to provide essential support for entrepreneurs to further develop their skills and ideas through Orange Corners Egypt,” he noted.