The Innovation Clusters Initiative (iCi), from the Information Technology Industry Development Agency (ITIDA), is provided as an enablement factor for empowering innovation and entrepreneurship through the creation of public and private partnerships (PPP).
A competitive call was sent out in May 2016 for potential consortiums of partners to apply for the iCi and two clusters were chosen for phase one to be based in Borg El-Arab and New Assuit Tech Parks (Silicon Waha). Currently the initiative is managed by the Technology Innovation and Entrepreneurship Center (TIEC).
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.