Photo courtesy of Hult Prize Egypt facebook page for Minyathon event
CAIRO – 26 October 2017: About 100 aspiring Egyptian entrepreneurs are going to be part of the United States Agency for International Development (USAID) co-sponsored “Startup Weekend” event titled as “Minyathon,” in Minya governorate.
According to the statement issued by the U.S. Embassy in Cairo Thursday, this co-sponsorship of the event comes out of the United States’ commitment to work with both public and private sectors to strengthen Egypt’s economy and provide job opportunities for youth.
The two-day competition will depend on forming teams of participating entrepreneurs and pitching ideas to start new businesses; along with providing plans for their projects to continue.
Mission director Rebecca Latoracca, said commenting on the event, that USAID, in partnership with the Egyptian government, is keen on enhancing the capacity of the promising entrepreneurs.
“We know that encouraging innovative entrepreneurship adds value to the economy and empowers people to work to their full potential,” she added; affirming that the USAID’s goal is to help those entrepreneurs solve some of the governorate’s challenging social issues, and contribute to the growth of Egypt’s economy.
“USAID’s support for Minyathon is part of the U.S. commitment to strengthen entrepreneurship and enterprise development (SEED) among youth and women in Egypt through supporting the growth and expansion of micro, small, and medium enterprises,” the U.S. embassy statement read.