Egypt’ CIT to launch 10 business incubators worth $153K next Jan.

Egyptian Chamber of Information Technology and Communications (CIT) plans to establish ten incubators to bolster young innovative entrepreneurs.

The CIT will execute the project at a cost of 2.5 million Egyptian Pounds ($153,832) in cooperation with The Academy of Scientific Research and Technology (ASRT)

Walid Gad, CEO of CIT said that these incubators are expected to come into service at mid January or early February 2017.