For Egypt to seize the opportunity of securing a leading position on the global innovation and entrepreneurship map, a few critical success factors are essential. These factors include:- Commitment of the government to treat the innovation and entrepreneurship strategy as a national priority and to provide the TIEC with the necessary support and funding to implement the initiatives and programs outlined in this document
- Commitment by the various stakeholder groups (government, private sector, academia and NGOs) to implement the strategy, including dedication of resources (both personnel and financial), to embrace the partnership model and its components
- Adoption of a market-driven approach, where the private sector takes the lead in identifying innovation in ICT and opportunities that can be commercialized. While government is considered as an enabler, academia is considered to be a partner supporting market-driven innovations.
- The support of the government in providing the appropriate legal framework and environment conducive to innovation in the ICT sector. It should selectively intervene to complement market forces where the private sector and NGO’s cannot perform and where the potential benefits/spillovers are high enough to justify intervention
- Attraction of international collaboration brings benefits to Egyptian companies. Quality standards are driven upwards and engagement with best practices ensures that industries compete at the cutting edge of technology, ensuring optimization of returns on investment. In this context, Egypt should participate in many of the key networks and programs at regional and international levels
- A focus on specific technology areas and trends, determined by the TIEC, in the ICT field and its applications, and to provide incentives to spur innovations within them.
- Commitment of the government to enriching the core enabler values to innovation and entrepreneurship across all other sectors.
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