Latest news with #OrangeCorners
Zawya
3 days ago
- Business
- Zawya
Under the patronage of the Ministry of Planning, Economic Development, and International Cooperation and the Dutch Embassy, 100 Startups Graduated from the 'Orange Corners' Program from the 2025 Delta Cohort
The 'Orange Corners Egypt' program announced the graduation of 100 startups in the first cohort of the 2025 program in the Delta region, during a ceremony held under the patronage of H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, and H.E. Ambassador Peter Mollema, Ambassador of the Netherlands in Cairo, at the Dutch Embassy in Cairo, in partnership with a number of private sector companies. This comes within the framework of promoting the concept of innovation and entrepreneurship among Egyptian youth. The ceremony was attended by a distinguished group of government representatives, development partners, and private sector leaders. In this context, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, noted that empowering entrepreneurs by promoting innovation and creating new job opportunities is one of the main pillars of Egypt's economic development model, which is based on increasing private sector participation in development. The graduation of 100 startups within the Orange Corners program, is a real example of how international cooperation and private sector partnerships can create opportunities at the local level and contribute to inclusive growth in vital sectors such as agritech, education, and climate smart solutions. Among the graduating startups in the program's first cohort, 52 are led by women, reflecting the program's strong commitment to women's empowerment and inclusive economic growth. The program ensures that women constitute over 50% of total participants, in affirmation of its belief in the importance of integrating women into the economic development process and enabling them to build prosperous professional futures. This specific cohort was characterized by its focus on vital sectors that affect the future of the national economy, including smart agriculture, innovation in the food industry, sustainable technological solutions, green entrepreneurship, education, health, and creative industries. The program is a comprehensive platform that supports young entrepreneurs by providing specialized business development training, career guidance and mentorship, access to networks and investment opportunities, and the necessary support to establish viable and sustainable businesses. It is expected that the program will support around 130 startups during 2025, including 100 companies in the Delta region across the governorates of Alexandria, Beheira, Kafr El-Sheikh, Dakahlia, and Menoufia, in addition to 30 companies in Upper Egypt in the governorates of Assiut and Luxor. Each graduating project is estimated to create between two to five new jobs, which means the program has the potential to create more than 3,000 direct and indirect jobs. It is worth noting that the 'Orange Corners' program was launched in 2021 as part of a global initiative by the Kingdom of the Netherlands, and is implemented locally by Outreach Egypt Foundation, with the support of key partners at Al Qatta. The program aims to empower young people between the ages of 18 and 35 in marginalized areas and turn their ideas into innovative, scalable projects, in line with Egypt's Vision 2030 and five key UN Sustainable Development Goals (SDGs 4, 5, 8, 9, and 13). The program contributes directly to supporting inclusive growth, entrenching a culture of innovation, and promoting the principle of sustainability, based on a firm belief that youth are the key drivers of Egypt's future. Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation - Egypt.
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
100 Startups Graduate from 'Orange Corners' Program from 2025 Delta Cohort
Rana Atef The 'Orange Corners Egypt' program announced the graduation of 100 startups in the first cohort of the 2025 program in the Delta region, during a ceremony held under the patronage of Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, and Ambassador Peter Mollema, Ambassador of the Netherlands in Cairo, at the Dutch Embassy in Cairo, in partnership with a number of private sector companies. This comes within the framework of promoting the concept of innovation and entrepreneurship among Egyptian youth. The ceremony was attended by a distinguished group of government representatives, development partners, and private sector leaders. In this context, Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, noted that empowering entrepreneurs by promoting innovation and creating new job opportunities is one of the main pillars of Egypt's economic development model, which is based on increasing private sector participation in development. The graduation of 100 startups within the Orange Corners program, is a real example of how international cooperation and private sector partnerships can create opportunities at the local level and contribute to inclusive growth in vital sectors such as agritech, education, and climate smart solutions. Among the graduating startups in the program's first cohort, 52 are led by women, reflecting the program's strong commitment to women's empowerment and inclusive economic growth. The program ensures that women constitute over 50% of total participants, in affirmation of its belief in the importance of integrating women into the economic development process and enabling them to build prosperous professional futures. This specific cohort was characterized by its focus on vital sectors that affect the future of the national economy, including smart agriculture, innovation in the food industry, sustainable technological solutions, green entrepreneurship, education, health, and creative industries. The program is a comprehensive platform that supports young entrepreneurs by providing specialized business development training, career guidance and mentorship, access to networks and investment opportunities, and the necessary support to establish viable and sustainable businesses. It is expected that the program will support around 130 startups during 2025, including 100 companies in the Delta region across the governorates of Alexandria, Beheira, Kafr El-Sheikh, Dakahlia, and Menoufia, in addition to 30 companies in Upper Egypt in the governorates of Assiut and Luxor. Each graduating project is estimated to create between two to five new jobs, which means the program has the potential to create more than 3,000 direct and indirect jobs. It is worth noting that the 'Orange Corners' program was launched in 2021 as part of a global initiative by the Kingdom of the Netherlands, and is implemented locally by Outreach Egypt Foundation, with the support of key partners at Al Qatta. The program aims to empower young people between the ages of 18 and 35 in marginalized areas and turn their ideas into innovative, scalable projects, in line with Egypt's Vision 2030 and five key UN Sustainable Development Goals (SDGs 4, 5, 8, 9, and 13). The program contributes directly to supporting inclusive growth, entrenching a culture of innovation, and promoting the principle of sustainability, based on a firm belief that youth are the key drivers of Egypt's future. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
Morocco World
6 days ago
- Business
- Morocco World
Orange Corners Morocco Celebrates Youth Innovation in Beni Mellal-Khenifra
Beni Mellal — Orange Corners Morocco marked on Friday a milestone in youth entrepreneurship, celebrating the graduation of 15 startups from its six-month incubation program in the Beni Mellal-Khenifra region. The culminating Demo Day began at the Beni Mella-Khenifra's Regional Investment Center (CRI) headquarters, where all 15 incubated entrepreneurs presented their ventures to a distinguished jury. Each participant delivered carefully crafted pitches of the six months of intensive training. Celebrating Morocco's next generation of changemakers Participants featured their innovative solutions, market potential, and social impact, demonstrating the diverse range of projects emerging from the region, spanning sectors from sustainable agriculture and renewable energy to digital solutions and circular economy innovations. The competitive atmosphere was palpable as entrepreneurs competed not only for the prestigious funding opportunities but also for recognition as leaders in Morocco's next generation of changemakers. In the afternoon, the closing ceremony, held in Beni Mellal's City of Crafts and Competences (CMC), featured five winning entrepreneurs who secured funding through the Orange Corners Innovation Fund (OCIF). Younes Iyousfi, co-founder of Inna Ecolodge cooperative, spoke to Morocco World News (MWN) of the program's impact. Younes Lyousfi and his wife to his left, founders of Inna Ecolodge cooperative, a winner of Orange Corners Morocco prize 'Inna Ecolodge is a unique place located in the High Atlas in Ait Bougmaz, with a tourism capacity of 24 people,' he said, explaining that the 'goal of this establishment is both the economic revitalization of Ahebak village.' The startup also aims to have 'an impact on education and support young people in the village through workshops and activities throughout the year.' Another winner, Najoua Nour Eddine, founder of a carob-based natural products company, expressed her excitement about receiving the Orange Corners award. 'I'm very happy today to have won the Orange Corners prize,' she said with enthusiasm, adding that the initiative 'had already helped me a lot to improve my project, and today they will help me even more so that it becomes reality and grows.' Najoua Nour Eddine, founder of Nooja, a carob-based natural products company, and a winner of Orange Corners Morocco prize Her venture produces natural, sugar-free, and gluten-free products, including chocolate tablets and spreads made from carob. 'The project provides products that are sugar-free and don't affect the health of people with diabetes, those with gluten allergies, or anyone following a specific diet. They can eat this chocolate without any negative impact,' Najoua explained. Prizing relevance, feasibility, and social impact The winners were selected for their projects' relevance, feasibility, and societal impact. Their success story began with an overwhelming response to the program's call for applications in November 2024. From 170 initial submissions, organizers narrowed the field to 33 candidates who pitched to expert judges in December, ultimately selecting 15 startups for the intensive incubation program. Speaking to MWN on the sidelines of the event, Adil Raitab, Economic Advisor at the Embassy of the Kingdom of the Netherlands to Morocco, recalled that this edition's winners had a diversity of projects. Adil Raitab, Economic Advisor at the Embassy of the Kingdom of the Netherlands to Morocco 'Participants from the BMK region showed a sense of creativity and adaptation to our program,' he noted. For his part, the director of the CRI in Beni Mellal-Khenifra region, Adil Azmi, pointed out that this 'truly ignites the potential of young talents, their creativity, their entrepreneurial spirit, and their sense of challenge and ambition.' Most entrepreneurs 'are full of hope, energy, and enthusiasm,' he noted, adding that it is high time for the CRI as 'ecosystem actors to help them to succeed in their projects.' Adil Azmi, the director of the CRI in Beni Mellal-Khenifra region. On the right of the photo Implemented by Bidaya, Morocco's leading social-environmental startup incubator, the program provided participants with monthly allowances of MAD 3,000 ($300), prototyping grants of MAD 20,000 ($2,000), and access to comprehensive mentorship. The Beni Mellal program focused on priority sectors including water, energy, agriculture, and circular economy solutions – areas crucial for Morocco's sustainable development goals. Since its founding in 2015, Bidaya has supported over 500 projects nationwide, facilitating €3.5 million in total financing. Notably, 45% of supported projects are led by women entrepreneurs, reflecting the program's commitment to gender equality. This initiative reinforces Morocco's commitment to fostering innovation and entrepreneurship, particularly in regions outside major urban centers, demonstrating how international partnerships can effectively empower local talent and drive economic development.
Iraq Business
31-03-2025
- Business
- Iraq Business
Five One Labs issues Annual Report
By John Lee. Iraq-focussed startup incubator Five One Labs has issued its annual report for 2024. In Iraq, it implemented the first of five years of incubation and acceleration programming through our partnership with Orange Corners and began exploring new themes from digital skills building to climate change. Click here to download the report. (Source: Five One Labs)
CairoScene
13-02-2025
- Business
- CairoScene
Orange Corners to Assist Startups in Seven Egyptian Governorates
The programme, which aims to empower young entrepreneurs, will cover Luxor, Assiut, Alexandria, Menoufia, Dakaklia, Kafr El-Sheik and Beheira. Feb 13, 2025 The Ministry of Planning and Economic Development, and the Ministry of International Cooperation announced the expansion of the Orange Corners programme to support startups in seven governorates. The programme will now cover Luxor, Assiut, Alexandria, Menoufia, Dakaklia, Kafr El-Sheik and Beheira. A programme aiming to empower and assist young entrepreneurs, Orange Corners is a partnership between Egypt and the Netherlands, as well as private sector institutions such as the Bank of Alexandria and City Edge Developments. The programme has supported over 115 startups, 58% of which are female-led, across key sectors, including agriculture, waste management, health, education, e-commerce and financial technology. The ministry stated that the programme will aim to support 130 companies across a range of industries in 2025.
