” PTS investments holdings” signs a memorandum of cooperation with the Supreme Council for technological education to support entrepreneurs, innovators and research projects

The cooperation aims to popularizing the entrepreneurship studio in all technological universities and launching an online portal that stimulates technological creativity and innovation and connecting graduates with the private sector.

 PTS investments holdings company has announced signing of a memorandum of cooperation with the Supreme Council for technological education, within the graduation ceremony of the first batch of students of technological universities held on Thursday, 28th of September at Kempinski hotel under the auspices of  his excellency the minister of higher education and scientific research Prof. Dr. Mohammed Ayman Ashour, within the framework of the dissemination of the applied Technology Valley initiative “Kemtech Valley” to support distinguished student cadres, entrepreneurs, innovators, research projects, and startups in various fields of applied technology, which the company recently launched in cooperation with the Supreme Council for technological education and the Ministry of higher education and scientific research in Egypt.

The company has also signed sponsorship and incubation contracts for a number of graduation projects within the framework of the applied technology valley initiative.

The memorandum of understanding was signed by the Supreme Council for technological education, Dr. Ahmed al-Sabbagh, advisor to the minister of technical and technological education and secretary general of the Supreme Council for technological education, and Eng. Maha Mandour, Managing Director of PTS investments holdings.

The signing of this memorandum comes with the aim of popularizing the entrepreneurial model of the entrepreneurship studios, which was implemented by the company at the headquarters of the New Cairo Technological University and to be applied in all technological universities, as well as launching an online portal aimed at qualifying students and graduates of technological universities with a distinguished level of knowledge and technological creativity capable of competition, team work and innovation, and linking them with the private sector of companies, factories, supporting entities and institutions locally, regionally and globally, thereby contributing to the localization of technological industries locally and regionally and serving the industrial sector and various economic sectors in implementation of Egypt’s strategy for sustainable development 2030.

On the sidelines of the celebration, Dr. Ayman Ashour, Minister of higher education and scientific research, praised the initiative and its application in a distinguished manner, stressing that the ministry is interested in providing trained cadres who possess the necessary skills required by the labor market, through developing their abilities and developing their skills in their fields of specialties.

Commenting on the signing of the memorandum of cooperation, Eng.  Maha Mandour, Managing Director of PTS investments holdings, that the initiative comes from the company’s vision and strategy that smart investments are based primarily on investing in the development of human minds and pushing changing technologies in various development sectors.

She pointed to the success of both the Indian experience and the Chinese experience in direct investment in human and technological minds, which contributed fundamentally and significantly to achieving global leadership, stressing the company’s plan to inject direct investments in several development sectors during the coming period, as the company has made acquisitions during the current year, invested in several projects, companies in the field of health, education, trade, as well as targeting other development sectors.

During the ceremony, the Managing Director of PTS investments holdings company was reviewed in the presence of the minister of higher education and scientific research, Dr. Ayman Ashour, Mr. Hassan Shehata, the minister of Labor, Ambassador Kim Yong hyun, ambassador of the Republic of South Korea in Cairo, Mr. Liao Ligang, representative of the ambassador of the people’s Republic of China in Cairo, and Dr. Mustafa Refaat, Secretary of the Supreme Council of universities, Major General Ayman Matar, Assistant Minister of Commerce and industry, presidents of technological universities, leaders of the Ministry of higher education, and Mr. Shian Jones, director of international development at the USAID, the model of establishing the first specialized entrepreneurship studio at Cairo Technological University and the company’s plan to rollout the model by opening a number of specialized technology centers in Arab countries with the aim of spreading the studio model, and connecting innovators and emerging projects in the region with each other.

The entrepreneurship studio aims to incubate a number of distinctive projects, sponsor innovative students in cooperation with technological universities in order to qualify them into real entrepreneurs, support the outputs of projects of various university departments of products and services and transform them into start-up companies through training; qualification programs and specialized programs for innovation and incubate entrepreneurship according to international standards and provide awareness programs and integrated marketing to the Egyptian, Arab and international communities.

For his part, Dr. Ahmed Sabbagh, advisor to the minister of technical and technological education and secretary general of the Supreme Council for technological education, said that the memorandum of cooperation comes within the framework of the Egyptian state’s efforts to achieve diversity in higher education pathways to ensure the provision of job and employment opportunities for graduates, as technological universities have become one of the most prominent universities that work to link graduates to the labor market through coordination with the industry sector, in order to meet the growing needs of the sector and export graduates capable of competing in the labor market locally and globally.

He added that the Egyptian state aims to establish a Technological University in every governorate in the Republic of Egypt, where we started 4 years ago with 3 technological universities and now we have 10 technological universities, with more than 30 programs that keep pace with the global standards of the labor market, pointing out that technological universities are a government window to qualify graduates for the labor market, especially that technological education has become dominant in most education systems across the world, stressing on following up the graduate to get the feedback required for future development, and focus on creativity and entrepreneurship.