Cyprus participated in the biggest ICT exhibition themed Driving Transformation, hosted by Egypt between November 15 and 28, 2018.
Under the umbrella of COIN (Collaboration Innovation Network), Cyprus, Greece, and Egypt joined forces with the aim of boosting innovation and entrepreneurship in the three countries.
The Cypriot delegation included representatives from the Ministry of Energy, Commerce, Industry and Tourism, the Cyprus Investment Promotion Agency, and three start-ups that won a ticket to participate through a national selection process as part of COIN.
The three winning teams, Abacio (digital banking), Zygos (Services Software) and Embio (food safety) were given the opportunity to explore new business avenues in Cairo through B2B meetings, as well as to promote their services to investor networks.
The exhibition was opened by Egyptian President Abdel Fattah El Sisi along with CIT Minister Dr Amr Talaat, who showed interest in the Cypriot start-ups, which have developed innovative products in IoT (Internet of Things), Big Data and Artificial Intelligence.
During his meetings with the Cypriot start-ups, Dr.Talaat said technology is the main pillar of an international economy and sustainable development.
Egypt is one of the fastest growing markets that invest in young people and the development of their skills in all fields.
COIN also arranged some B2B meetings between the parties of the COIN consortium with the aim of striking business collaborations and partnerships between the countries.