Two Egyptian firms named among winners of G20-DIA contest

20 / 08 / 2023

By Marwa Nassar - -

Two Egyptian companies were named among winners of a contest that was held on the sidelines of the G20-Digital Innovation Alliance (G20-DIA) Summit in the Indian city of Bangalore.

Over 114 start-ups from 22 countries participated in the contest that includes six categories; namely Ed-tech, Health-tech, Agri-tech, Fin-tech, Secured Digital Infrastructure, and Circular Economy.

Egyptian Minister of Communications and Information Technology Amr Talaat congratulated the Egyptian companies of Bosta and Money Fellows for winning the contest in the categories of Secured Digital Infrastructure and Fin-tech respectively.

Talaat made the remarks during a meeting with Egyptian entrepreneurs who took part in the competition, following his participation in the G20 ministerial gathering on digital economy in India, according to a statement released by the Communications Ministry on Sunday.

During the meeting, the minister congratulated the winners, stressing the ministry’s keenness to support start-ups and encourage digital creativity and entrepreneurship nationwide.

Five Egyptian start-ups were selected by The Technology Innovation and Entrepreneurship Center (TIEC) of the Information Technology Industry Development Agency (ITIDA) to participate in the G20-DIA program’s contest.

As part of India’s G20 Presidency, G20 Digital Innovation Alliance (G20-DIA) initiative was launched under the Indian Ministry of Electronics and IT (MeitY) Startup Hub as an initiative under the G20 Digital Economy Working Group (DEWG). The program seeks to engage the startup ecosystem stakeholders from G20 Member States and invited guest countries.

Innovators had a chance to pitch their solutions to a jury, with members from academia, corporates, mentors, ministries, and investors recognized under each theme. Only three top digital innovations in each category are selected and honored.

As part of the virtual acceleration program and the summit, start-ups had the opportunity to network with each other, showcase their innovations, pitch to investors, seek partnerships with corporates, and understand opportunities to scale globally.