The Technology Innovation and Entrepreneurship Center (TIEC) has held the closing ceremony of “IbTIECar 2018” competition, organized annually to support the graduation projects of university students majoring in engineering, computer, and IT, and promote innovation and entrepreneurship among Egyptian youth.
This year’s edition focused on a number of technology fields, including integrated systems, Internet of Things (IoT), smart wearable devices, mobile phone apps, communications, integrated circuit design, Artificial Intelligence (AI), and emerging technologies, such as cybersecurity, data science, Virtual Reality (VR), and blockchain.
The competition was sponsored by a number of companies, including Si-Ware, Microsoft, Huawei, Dell EMC, and the National Telecommunications Regulatory Authority (NTRA).
The 21-winning projects, from nine universities, were honored, out of 185 projects from 47 universities, from a total of 22 governorates. Cairo, Ain Shams, and Helwan Universities were at the top of the list of universities with accepted graduation projects, and the list of those with winning projects.
Winners get to join a free three-month training program that reinforces and builds entrepreneurs’ capacities, to turn their ideas into successful startups, through TIEC Entrepreneurship Accelerator (TEA) program, running in five governorates including Cairo, Alexandria, Assiut, Mansoura and Menia.
In this year’s competition, the number of submitted graduation projects and the number and type of those accepted ones increased by 53%, comparing to last year. In addition, prizes values were doubled, where the first prize for each team of each technology field reach EGP 20,000, the second prize is EGP 10,000, while EGP 6,000 for the third, totaling around EGP 280,000 as cash prizes awarded to the winning projects.
TIEC was founded in 2010 to promote innovation and entrepreneurship in ICT and reinforce Egypt’s position as a competitor in the field of global innovations. TIEC is the first of its kind in Egypt, the second in Africa, and the fourth in the Middle East, given its accredited membership of the European Business Network (EBN).