SAP and TIEC launch startup program for big data and analytics
SAP Startup Focus Program now available in Egypt to help startups in big data sector
SAP and Egypt's Technology Innovation and Entrepreneurship Center (TIEC) have launched the software company's Startup Focus Program in the country, to support technology entrepreneurs.
The SAP Startup Focus Program is a global initiative to help new businesses which are focused on big data, predictive and real-time analytics to access SAP technology. More than 3,750 start-ups across 59 countries and 22 industries have participated in the program since 2013.
TIEC, part of the Information Technology Industry Development Agency (ITIDA) and SAP hosted an event to launch the program for Egyptian startups. Selected startups will be able to develop their solutions on the SAP HANA real-time analytics platform and to receive free support from technical experts to help them productizing their ideas and making the best use of the SAP HANA cloud platform. Participating start-ups have access to a community network of entrepreneurs, partners, investors, thought leaders, and industry experts. Once validated, start-ups can pitch to SAP's ecosystem of more than 335,000 customers worldwide.
"The government strives to accelerate economic growth and create more job opportunities. TIEC promoted Startup Focus to deliver best practices and industry-standard software development techniques that bolster young entrepreneurs and promote the growth of the digital sector in the economy," said Dr Hossam Osman, ITIDA Vice President and TIEC Manager. TIEC works with stakeholders to foster a viable environment for startups to thrive, allowing entrepreneurs to start, develop, and expand their business globally.
"With the majority of Egypt's population being under 30 years old, especially young tech entrepreneurs are paving the future for commercializing innovations to solve real-world challenges. Incubators and accelerators such as Startup Focus and TIEC are playing a vital role in helping bring innovative startups into the fast-growth technology market, and driving ICT job creation in Egypt," said Marita Mitschein, Senior Vice President and Managing Director, SAP Training and Development Institute.