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ITIDA, CBI to help Egyptian SMEs raise IT outsourcing exports to Europe

ITIDA, CBI to help Egyptian SMEs raise IT outsourcing exports to Europe

ArabFinance: The Information Technology Industry Development Agency (ITIDA) has signed an agreement with the Centre for the Promotion of Imports from developing countries (CBI) in a move to support Egyptian IT outsourcing (ITO) exports to the European market, ITIDA announced in a statement.

The program comes within the framework of the cooperation agreement signed by the CBI of The Netherlands’ Ministry of Foreign Affairs with the ITIDA, the Chamber of Information Technology and Communications, Eitesal Association, and Nile University to launch its comprehensive program to develop the export capabilities of Egyptian IT SMEs.

The CBI of The Netherlands’ Ministry of Foreign Affairs offered a three-year program to support Egyptian IT small- or medium-sized enterprises (SMEs) in their export journey to the EU by offering technical assistance through a practical business export coaching project.

The program also prepares Egyptian companies with the skills and knowledge needed to enter the European market.

The beneficiary SMEs will receive three years of company coaching provided by international and local experts, and assistance with the creation of an international market strategy.

Furthermore, the program will provide guidance, advice, and coaching to the companies on the type of certification suitable for their market entry strategy.

It will also help improve the company’s corporate social responsibility (CSR), in addition to offering market orientation support and finding export business opportunities.

“CBI’s export coaching programme is among a set of actions that help achieve our ambitious strategy that is aiming to triple the size of Egypt’s BPO and ITO exports over the next five years,” Amr Mahfouz, CEO of ITIDA, commented.

The program targets SMEs and Women-led companies in Egypt that offer ITO services that are interested in an improved market position in the EU and want to contribute to an enhanced ecosystem for SMEs, Mahfouz explained.

The CBI detailed a number of requirements for applying companies, including that the SME must be at least 50% or more locally owned or has a local management structure, and that the SME employs at least 10 full time equivalents (FTEs) and a maximum of 250 FTEs.

Additionally, applicants should have been active in the ITO industry for at least three to four years, have no joint venture with a company based in a non-developing country, and no licensing commitments that prohibit or limit the export of products to the European Union. Management of applying companies should also be able to communicate in English.

The deadline for completing the application form is January 31st, 2022.

 

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