INTECMED in Egypt presents opportunities to overcome lack of coordination in the Mediterranean innovation ecosystem
The Confederation of Egyptian European Business Associations (CEEBA), in cooperation with the Alexandria Chamber of Commerce, INTECMED's project Egyptian partners, participated at this year's TECHNE Summit in its 7th edition in Alexandria, Egypt, from the 2nd until the 4th of October 2021.
Techne Summit is an international multi-industry focused Investment & Entrepreneurship event that aims to impact multiple sectors and stakeholders of the Startup Communities in the Mediterranean Region through showcasing different technologies and their application in each industry. It was started in 2015 in Alexandria and has since attracted people from over 70 countries from all across the world.The event had over 21,000 attendees both on-ground and virtually, more than 800 early-stage Startups, 180 exhibitors, and 300+ speakers.
The team presented INTECMED, among eight other ENI CBC MED projects, at this year's hybrid event and had the opportunity to promote the project's objective and funding opportunities to interested attendees. The project experienced great interest from attendees since the Alexandria landscape is full of Startups and eager entrepreneurs with innovative ideas in many sectors, from tech, ICT, software to sports, medicine and logistics.
With the launch of the E-Bazaar of Innovation platform and now nearing the launch of the call for innovative ideas, INTECMED's goal is to overcome the lack of coordination between different Mediterranean actors working with innovation by developing integrated ecosystems to support the transfer of know-how and the commercialization of research results.
INTECMED is an EU-funded project under the ENI CBC Mediterranean Sea Basin program of 2014-2020, intending to create innovative ecosystems in the Mediterranean region to facilitate knowledge transfer and commercialization of research results. The project has a duration of 30 months and a total budget of 3.6 million euros, of which 3.3 million is funded by the EU (90%).