"Entrepreneurship key to Egypt's economic success": Intel Capital at ArabNet Cairo Conference
As part of its ongoing commitment to inspiring local innovation and competitiveness, Intel Capital yesterday stressed the crucial importance of fostering entrepreneurship to move the Egyptian economy forward. Speaking at the ArabNet Cairo Conference, Feroz Sanaulla, Intel Capital investment director for the Middle East, Turkey, and Africa, talked about how Intel is building innovation capacity in the region through promoting research and higher education.
"Intel is committed to supporting sustained economic growth in the Arab region through local collaborations and partnerships aimed at bridging the digital divide and fostering innovation," Sanaulla said. "The past couple of years have seen an incredible volume of rising technology entrepreneurs from Egypt. And the world has noticed. This is only going to increase in the coming period, as Egyptians discover new ways to create jobs and help the economy recover. I can clearly see from the quality of innovations and entrepreneurial ideas I have encountered at ArabNet that there is a great opportunity here for ICT development and investment."
The ArabNet Conference http://www.egypt-business.com/Event/details/1141-ArabNet-Cairo-Conference-2011/382, which took place in Cairo from 19th - 20th October at the Information Technology Institute (ITI) Conference Hall in Smart Village in collaboration with the Technology Innovation & Entrepreneurship Center (TIEC) is the first ArabNet event to be held outside of Lebanon.
Omar Christidis, founder of ArabNet, said: "The two-day conference discussed cutting edge issues in digital marketing, online content, social media, mobile apps, e-commerce and much more. Through this event, we aim to provide a platform for entrepreneurs to present their ideas and to engage with inspiring and educational speakers. The participation of Intel Capital, one of the largest Venture Capital Firms in the world, added great value to the event, through sharing insight on how investing in research, exploration and education is the foundation for a growing economy and increased competitiveness."