One of the newest Free Zones of UAE, Sharjah Research, Technology and Innovation Park (SRTI Park) has entered into a strategic agreement with the American University in Cairo (AUC) to support entrepreneurship and strengthen the startup ecosystem in the MENA region.
The Memorandum of Understanding (MoU) will provide guidance and support to startups in the Egyptian and Emirati markets through knowledge sharing.
“This collaboration marks a great step for startups in the Egyptian and Emirati ecosystems. We are facilitating knowledge sharing, extending market insights and resources beyond local boundaries, and expanding our offerings to create regional impact,” commented Ayman Ismail, the Abdul Latif Jameel Endowed Chair of Entrepreneurship and associate professor at AUC School of Business and the founding director of the AUC Venture Lab.
Mr. Ismail stated that through regional and international partnerships, AUC Venture Lab is committed to the growth of the region’s entrepreneurial capacity from two of MENA’s biggest startup ecosystems.
“Cooperation will also include joint hackathons, knowledge sessions, and various startup exchange opportunities,” AUC Venture Lab founder noted.
SRTI Park CEO Hussein Al Mahmoudi said the signing of this deal with AUC is an important step towards further cooperation in joint research and development between Sharjah and Cairo. The CEO also highlighted the need for cooperation with the academic and research institutions in the region to attract investment to Sharjah’s innovation sector.
The Sharjah Research, Technology and Innovation (SRTI) Park is a Free Trade Zone near to the University City of Sharjah. It is one of the newest Freezone of UAE and is focused on promoting academics, research, & innovation in the region.
The American University in Cairo
The American University in Cairo is an independent, English language, private, research university in Cairo, Egypt.