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Daily News Egypt
17 hours ago
- Business
- Daily News Egypt
Shell Egypt honours young innovators, supporting over 1,000 entrepreneurs
Shell Egypt, in collaboration with Flat6Labs Egypt, celebrated the achievements of young Egyptian entrepreneurs at the Intilaaqah Annual Awards Ceremony on 29 May 2024, marking the conclusion of a programme cycle that supported over 1,000 aspiring innovators. The Shell Intilaaqah Egypt Programme, which operated in three Egyptian governorates, empowered 120 teams with essential training and recognised six standout start-ups for their innovative ideas. Throughout this cycle, the programme provided hands-on entrepreneurial training, ideation sessions, and business development support to youth from diverse regions. More than 120 start-up teams benefited from intensive mentorship and capacity-building initiatives, including bootcamps, incubation activities, and matchmaking sessions, which assisted them in refining their business ideas, strengthening their operations, and preparing for investment. Dalia Elgabry, Vice President and Country Chair, Shell Egypt, commented on the programme's impact: 'We are incredibly proud of the tangible impact that Shell Intilaaqah Egypt Programme has achieved this year. At Shell, powering lives means providing energy, while creating opportunities for people to thrive. Our global strategy, Powering Progress, is built on driving sustainable development, supporting local communities, and accelerating human potentials. By nurturing Egypt's young entrepreneurs, we are investing in the country's long-term economic resilience, innovation ecosystem, and inclusive growth. Through this programme, we continue to deliver on our commitment to fostering meaningful opportunities for young people and communities across Egypt.' The programme commenced with a series of bootcamps held in Cairo, Alexandria, and Beheira, complemented by an online bootcamp to enhance accessibility. Participants engaged in intensive sessions focused on developing an entrepreneurial mindset, understanding customer needs through empathy mapping, crafting compelling value propositions, and building robust business models. Following the bootcamps, the Shell Intilaaqah Egypt Programme introduced two dedicated tracks in March 2025: the Best Idea Programme, focused on nurturing early-stage concepts, and the Best Startup Programme, designed to support growth-stage start-ups in enhancing investment readiness and scaling operations. Both tracks concluded with competitive judging days, where six teams were awarded financial prizes to accelerate their business development and growth. The winners of the Best Idea Programme were: Fast octopus BananaMed Gremrem The winners of the Best Startup Programme were: Oz Tech Bekya Pay Croptimus Hany Al Sonbaty, Chairman and Co-Founder of Flat6Labs, remarked: 'The energy, creativity, and determination we witnessed throughout this programme are truly remarkable. Together with Shell Egypt, we have helped build a pipeline of promising young businesses ready to tackle real-world challenges and drive sustainable economic growth in Egypt. It lies at the core of what drives Flat6Labs, in Egypt and abroad, to maintain its commitment to nurturing and scaling the big ideas of tomorrow.' Through initiatives such as the Shell Intilaaqah Egypt Programme, Shell Egypt aims to align with Egypt's Vision 2030 and the United Nations Sustainable Development Goals by investing in youth, innovation, and entrepreneurship. The company's broader Social Investment portfolio, developed in collaboration with national and international partners, underscores its commitment to creating a lasting positive impact across the country.
Zawya
4 days ago
- Business
- Zawya
Shell Egypt celebrates Egypt's young innovators after supporting over 1,000 entrepreneurs through Shell Egypt Intilaaqah Programme
RELATED TOPICS SME RELATED COMPANIES Shell Flat6labs Cairo, Egypt – Shell Egypt, in collaboration with Flat6Labs Egypt, celebrated the outstanding achievements of Egypt's young entrepreneurs during the Intilaaqah Annual Awards Ceremony, marking the successful conclusion of a transformative cycle that trained, supported, and empowered more than 1,000 aspiring innovators in 3 Egyptian governorates. Throughout this cycle, the Shell Intilaaqah Egypt Programme provided hands-on entrepreneurial training, ideation sessions, and business development support to youth from diverse regions. More than 120 startups' teams benefited from intensive mentorship and capacity-building initiatives including bootcamps, incubation activities, and matchmaking sessions, helping them refine their business ideas, strengthen their operations, and prepare for investment. Empowering Egypt's Next Generation of Entrepreneurs Dalia Elgabry, Vice President and Country Chair, Shell Egypt, commented: 'We are incredibly proud of the tangible impact that Shell Intilaaqah Egypt Programme has achieved this year. At Shell, powering lives means providing energy, while creating opportunities for people to thrive. Our global strategy, Powering Progress, is built on driving sustainable development, supporting local communities, and accelerating human potentials. By nurturing Egypt's young entrepreneurs, we are investing in the country's long-term economic resilience, innovation ecosystem, and inclusive growth. Through this programme, we continue to deliver on our commitment to fostering meaningful opportunities for young people and communities across Egypt.' The programme launched with a series of bootcamps held in Cairo, Alexandria, and Beheira, alongside an online bootcamp to expand accessibility. Participants engaged in intensive sessions focused on developing an entrepreneurial mindset, understanding customer needs through empathy mapping, crafting compelling value propositions, and building robust business models. Recognizing the Top Innovators Following the success of the bootcamps, the Shell Intilaaqah Egypt Programme introduced two dedicated tracks in March 2025: Best Idea Programme – Focused on nurturing early-stage concepts Best Startup Programme – Designed to support growth-stage startups in enhancing investment readiness and scaling operations Both tracks culminated in competitive judging days, where six standout teams were awarded financial prizes to accelerate their business development and growth. Best Idea Programme Winners: Fast octopus BananaMed Gremrem Best Startup Programme Winners: Oz Tech Bekya Pay Croptimus Hany Al Sonbaty, Chairman and Co-Founder of Flat6Labs, emphasized: 'The energy, creativity, and determination we witnessed throughout this programme are truly remarkable. Together with Shell Egypt, we have helped build a pipeline of promising young businesses ready to tackle real-world challenges and drive sustainable economic growth in Egypt. It lies at the core of what drives Flat6Labs, in Egypt and abroad, to maintain its commitment to nurturing and scaling the big ideas of tomorrow.' Driving Sustainable Development and Innovation Through initiatives like the Shell Intilaaqah Egypt Programme, Shell Egypt continues to align with Egypt's Vision 2030 and the United Nations Sustainable Development Goals by investing in youth, innovation, and entrepreneurship. The company's broader Social Investment portfolio, developed in collaboration with national and international partners, underscores its commitment to creating a lasting positive impact across the country. About Flat6Labs: Flat6Labs is the MENA region's leading seed and early-stage venture capital firm, currently running the most renowned startup programs in the region. Flat6Labs invests in innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming their institutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs' proven track record as the market leader. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside the investments, Flat6Labs' exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets. For more information, visit Media Enquiries Heba El Karrar Social Investment Lead Shell Egypt N.V. Middle East & North Africa Media Relations Cautionary note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement 'Shell', 'Shell Group' and 'Group' are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words 'we', 'us' and 'our' are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', 'Shell subsidiaries' and 'Shell companies' as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as 'joint ventures' and 'joint operations', respectively. 'Joint ventures' and 'joint operations' are collectively referred to as 'joint arrangements'. Entities over which Shell has significant influence but neither control nor joint control are referred to as 'associates'. The term 'Shell interest' is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking Statements This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 'aim', 'ambition', ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', 'milestones', ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', 'schedule', ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2022 (available at and These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, 29 May, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement. Shell's net carbon intensity Also, in this announcement we may refer to Shell's 'Net Carbon Intensity', which include Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell's 'Net Carbon Intensity' is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-Zero Emissions Target Shell's operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell's operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward Looking Non-GAAP measures This announcement may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this announcement do not form part of this announcement. We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Additional regulated information required to be disclosed under the laws of a Member State
Economic Key
04-02-2025
- Business
- Economic Key
Egyptian Teams Gear Up for Shell Eco-marathon
Shell Egypt is proud to announce the participation of 5 Egyptian university teams in the highly anticipated Shell Eco-marathon (SEM) Asia-Pacific and the Middle East 2025 regional competition, set to take place for the first time in the Middle East at the Lusail International Circuit in Doha, Qatar, from February 8-12, 2025. This year's competition marks a special milestone as SEM celebrates its 40th anniversary. The global academic programme is dedicated to fostering innovation in energy optimization by challenging student teams to design, build, and test ultra-energy-efficient vehicles, empowering the next generation of energy leaders. Since 2013, Egyptian universities participate in SEM, with hundreds of students benefitting from the programme's extensive learning journey. Egyptian teams have previously earned accolades such as the Innovation Award, Safety Award, and Communication Award, demonstrating exceptional creativity and engineering prowess. For the first time, the Asia-Pacific and Middle East competition will be hosted in the Middle East, bringing together brilliant engineering minds to Qatar's Lusail International Circuit. The event promises an intense and inspiring week of innovation as teams strive to push the boundaries of energy efficiency. Dalia Elgabry, Vice President and Country Chair for Shell Egypt, stated: 'At Shell, we are committed to empowering young innovators and driving sustainable solutions for a cleaner energy future. The Shell Eco-marathon embodies this mission by encouraging students to collaborate, persevere, and innovate.' Reflecting on their experiences, past participants Menna & Zeyad from Cairo University and Helwan University emphasized the life-changing impact of SEM. They said 'This competition pushes us to innovate beyond limits and prepares us for real-world challenges in energy and sustainability,' Shell Egypt's ongoing support for SEM aligns with its broader social investment initiatives aimed at preparing future leaders to address global energy challenges responsibly: in 2024, Shell Egypt dedicated 5 NXplorers workshops to support the capacity building of the SEM teams. As one of the world's leading student engineering competitions, Shell Eco-marathon has inspired innovation and collaboration for 40 years. The programme empowers students to develop not only technical expertise but also essential skills such as teamwork, leadership, and communication, all vital for driving impactful change in the energy sector. With anticipation building for the upcoming competition in Qatar, Shell Egypt is confident that the participating Egyptian teams will once again demonstrate their ingenuity and commitment to shaping a sustainable future. تم نسخ الرابط
