by: Denis Opudo, tech in africa
Science and Innovation Park (SIP) first phase will be launched in May this year in Egypt. The initiative is funded by the British University in Egypt and TusPark Holdings.
TusParks is the company managing partner. As a partner, the company will assist in the management of the Business Incubator and the Science Park. In addition to management, TusParks will also provide technical, operation aids and business innovative skills.
The second launching is projected to be in November 2018. The estimated project budget will cost about $4.5 million. The system will also require nearly 14,000 square meters land situated in El Shorouk City. The core mandate of SIP is to serve local business community within El Shorouk City. Targeted industrial surrounding zones include 10th of Ramadan, Badr City, and Obour City.
The system will still welcome both local and foreign startups which abide by the Egyptian laws. The focus of the company now is building and nurturing of startups across Africa and beyond.