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Tech Invest 2 to mark launch of 1st innovative ideas contest

The inauguration of Tech Invest 2 in Cairo on Sunday will mark the launch of the first innovative ideas contest by the general division for digital economy and technology - an affiliate to the  Federation of Egyptian Chambers of Commerce.

Egyptian Communications and IT Minister Yasser El-Qadi will open the event in which 150 Egyptian and international companies will participate, the division said in a statement.

The event is sponsored by Fawry, Visa, Cisco, QNB, VMwar-Vas, e-finance and TPC.

The division's head Khalil Hassan Khalil said "the competition is launched for the first time and is targeting emerging companies, especially value-added resellers."

The awards are estimated at LE 150,000, he said, noting that more than 50 local companies are to vie in the contest.

The companies are operating in the fields of modern technology, smart energy, participatory economics and internet of things (IoT). 

The contest will open the door for participating companies to take part in CES 2019 in Las Vegas.

The CES is the world's gathering place for all who thrive on the business of consumer technologies. It has served as the proving ground for innovators and breakthrough technologies for 50 years — the global stage where next-generation innovations are introduced to the marketplace.

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