Innovation Clusters Initiative (iCi), from the IT Industry Development Agency (ITIDA), is an enabler for innovation and entrepreneurship through public-private partnerships.
The initiative sent out a competitive call in May 2016 for potential consortiums to apply. iCi, phase I, chose two clusters based in Tech Parks of Borg El-Arab and New Assiut (Silicon Waha). The Technology Innovation and Entrepreneurship Center (TIEC) currently manages the initiative.
What is an Innovation Cluster?
An Innovation Cluster is defined as a group of legal entities (cluster members), which include universities, private companies and entrepreneurship centers, among others. A cluster must be comprised of one university at least, and cluster members collaborate within a specific work scope in a certain geographical area to offer high-value innovations to global markets. Through the implementation of activities in support of creativity based on intensive interactions among members and their contribution to human resources, technology, facilities, knowledge and experience, and this is all reflected positively on the development of members of the consortium and its community.
The innovation clusters receive fund over three phases, each phase spans 5 years, and is disbursed in the form of grants, loans, and investments. Activities and services are financed in partnership with the members of the consortium for a specified set of services concerning Training, Competitions, Awareness, Starting Businesses, R&D, Labs Establishment and Operational Costs.
The Innovation Cluster Initiative (iCi), in its first phase, established two clusters as follows:
Alexandria (Borg El-Arab) Innovation Cluster with a geographic scope that encompasses Alexandria, Al Beheira, and Matrouh governorates. Based in Borg El-Arab Tech Park.