This new competition builds on the strategic partnership that Amideast/Egypt and Boeing have created to align science, technology, engineering, and mathematics (STEM) education with the sustainability priorities of Egypt and other countries in the MENA region.
“During the UN Climate Change Conference (COP27) in Sharm El Sheikh in 2022, Boeing and Amideast announced the intention to support Egypt’s green transition by investing in the growing young population of the country. The entrepreneurship competition is an integral part of this journey”, said Kuljit Ghata-Aura, Boeing president in the Middle East, Türkiye and Africa.
Three winners of the competition will receive monetary seed funding for their sustainability start-ups. All the finalists will get an opportunity to participate in a bootcamp training that will cover several topics including basics of start-ups, business modeling, business planning and pitch deck development.
The competition is targeting Egyptian start-up teams and individuals aged 16-30 who have innovative business ideas that incorporate Environmental, Social, and Governance (ESG) principles. at this link. Applications are due April 1, 2023, and can be submitted at this link.
“We believe that this and similar competitions spotlight innovative ideas that can positively impact the entire ecosystem and encourage the establishment of start-ups that contribute to sustainable development. Through this competition, we provide an opportunity for young Egyptian entrepreneurs to showcase their innovations that will help in creating a more sustainable world for the coming generations”, said Shahinaz Ahmed, country director of Amideast/Egypt.
In Egypt, where 60 percent of the population is under the age of 30 years old, investment in STEM education for youth is critically important to the country’s quest to achieve sustainability. Since 2007, Boeing has invested $2 million in community engagement in Egypt, benefitting more than 22,000 young Egyptian men and women.