ADDIS ABABA (Semonegna) – The Enterprise Incubator Foundation (EIF) and the Ethiopian Ministry of Innovation and Technology signed a Memorandum of Understanding on in Addis Ababa, under which they will cooperate in the fields of high technology, engineering and innovation.
In the framework of the cooperation, it is envisaged to implement the Engineering City Model in the Ethiopian Talented and Gifted Center.
The memorandum was signed in Addis Ababa by Ethiopian Minister of Innovation and Technology Getahun Mekuria and Business Incubator Foundation (EIF) Business Development Program Director Amalya Yeghoyan.
This is the beginning of a new partnership that will include technology skills development projects, R&D laboratories, experience exchange programs to encourage innovation ecosystem development in both countries.
At the invitation of AfriLabs and the African Union, Amalia Yeghoyan participated in the AfriLabs annual gathering as a special speaker.
About Engineering City
Engineering City is an environment created for engineering companies in the high-tech sector with the purpose of facilitating and accelerating the development of complex engineering solutions.
It is a platform where engineering, science, and education come together to tackle the advanced engineering challenges of the 21st Century.
It provides a full range of advanced equipment, research and prototyping labs, machine tooling and production facilities that are accessible to all the resident companies. As such, to become a resident in the Engineering City a company will have to need such resources in their work.
Within the realm of Engineering City, Engineering Company in the high-tech sector is defined as a company that uses measurement equipment, prototyping labs and machine tooling during the development and production of their products and solutions.
The Armenian Engineering City Project is a public-private partnership (PPP) between the Government of Armenia and a Consortium of private companies.
About Enterprise Incubator Foundation (EIF)
Enterprise Incubator Foundation (EIF) is one of the largest technology business incubators and IT development agencies in the region, headquartered in Yerevan, Armenia. Established in 2002 within the framework of the World Bank’s “Enterprise Incubator” project, EIF is called to support the development of information and communication technology sector in Armenia through creating a productive environment for innovation, technological advancement and company growth.
EIF’s tasks cover every aspect of sector development – ICT-related legal, business and educational reforms, investment channeling and creation of funding schemes for startups, individualized services and consulting for IT companies, talent identification and workforce development. EIF acts as a cross-point for all entities in the sector – public and private institutions, international organizations and government agencies, major multinationals and small startups – and bring them together to act jointly towards the ultimate goal of ICT excellence.
Sources: Public Radio of Armenia, EIF, & Engineering City