Welcome to the second edition of [title], the newsletter of
The Technology Development Fund aims to support not only the companies we’ve
chosen to invest in, but also to promote the technology industry as whole through
the nurturing of entrepreneurship. The
Fund’s third Annual Business Plan Competition, currently underway, is an
excellent example of our commitment to promote high-tech entrepreneurship in
Information technology endeavors can further the development of the industry, create opportunities for young people and ultimately impact the socio-economic development of the country. All of us involved in the Fund are proud to showcase the ongoing events, deals, expansions and partnerships of all of the companies in the portfolio.
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Business Plan Competition kicks off, with LE 2,000,000 in prizes!
Technology entrepreneurs all across
The first competition of its kind in
By the application deadline of
In cooperation with the Ministry of Communication
and Information Technology, the incubator center at the
The competition has been backed by the
Ministry of Communications & Information Technology and other key partners
from the technology community: Ideavelopers, Technology Development Fund,
Information Technology International Development Agency,
Advanced Smart Card Co. awarded prestigious EMV Visa Certification
Smart Card Co. (ASC) has just been awarded the prestigious EMV Visa
Smart cards with the global EMV standard are fast becoming the safest way to handle banking and purchase transactions and are replacing the common magnetic stripe as the preferred technology. They utilize a wide range of features that are designed to create an advanced, secure defense system against fraud. While security is the core element of chip cards, they boast other benefits including improved cardholder authentication methods and increased cardholder verification methods. EMV makes use of several different types of verification including instructions on the chip itself that prevent certain transactions from taking place without cardholder verification.
ASC prides itself on ensuring and safeguarding its customers’ products through all phases of system design, implementation, manufacturing, and delivery. In addition to its new EMV Visa certification ASC has also earned the international Moody certification and is currently working towards EMV MasterCard certification.
Leading Egyptian technology companies traveled to Cambridge, United Kingdom for a two-day conference with British counterparts on January 24 and 25 2007, to create business alliances establishing further business links between the two countries.
Egyptian-British Chamber of Commerce together with the Cambridgeshire
Chamber of Commerce was invited by the Cambridge IT community to participate.
More than twenty UK-based technology companies were ultimately short listed to
meet with 12 companies from
the Egyptian delegation was Dr. Mohamed Reda, Chief
Executive Officer of Allied Soft, a 2000-strong company providing development,
training, and business process outsourcing. Dr Reda
presented an overview of the IT industry in
influential Egyptian IT companies began discussing our common goals and
cooperating as a group, with our own collective initiative prompting this
important visit,” stated Dr Reda. “This is an
excellent opportunity for
The Egyptian companies that attended include Advanced Computer Technology, Allied Information Technology Services, Allied Soft, Arabize, Data Management Systems, ITWorx, Mega Media, Misr International Systems, Middle East Network Solutions, Softlock and Tea Computers.
Microsoft renews its commitment to Coltec
Coltec is proud to provide the sole Arabic language processing toolset for Microsoft for the past 14 years, starting with Microsoft Word 6.0. Microsoft has just renewed its commitment to Coltec as its Arabic language supplier. Coltec’s Arabic processors are integrated with Microsoft Office Suite as well SharePoint and SQL Server. Coltec has also been licensed to provide the Arabic spell checker for Microsoft Office [version 6 – what’s the official name of the version].
“Coltec’s applications and plug-ins suit the needs of organizations of all sizes,” asserted [job title] Fadl Tarzi. ”Coltec is highly regarded as an industry expert with a substantial international expertise. We are pleased to continue our strong relationship with Microsoft as we continue to forge other excellent partnerships with our growing list of clients who need flawless Arabic processing.”
New Hafss product launched at GITEX tradeshow
Research & Development International (RDI)
launched its advanced new educational product Hafss
at the regional IT tradeshow GITEX in
Through this and other products, RDI has
gained the trust of top companies such as IBM Egypt, the European Union,
Microsoft Saudi Arabia, BBN US, Acapela Group
Global leader in semi-conductors praises
Smart Wireless Systems (SWS), the Egyptian-based provider of design services and IP solutions for the analog-mixed signal market, stepped up to the plate to support American fabless analog semi-conductor company Discera.
In the last year, SWS took on the responsibility of not only delivering an application-specific integrated circuit (ASIC), but also a working clock oscillator product. SWS played a key role in the sampling success of these products, known as P2 and P4, and in doing so fulfilled a key gap that Discera had identified in this critical deliverable.
“The strength of the relationship between Discera and SWS is as strong as it’s ever been,” stated Tom Willey, CEO of Discera. “Now that we have kicked off our oscillator program known as P4, SWS as a trusted partner will continue to play a key and pivotal role for that development.”
The revenue success of both P2 and P4 is critical for both companies, which have cleared a path for big players in the Quartz clock arena to buy and resell these newly developed products.
All this is a good sign that Egyptian companies remain on the cutting edge of the latest technologies.