EU-Egypt Innovation Fund
Supporting Innovation …. Promoting Entrepreneurship
The EU-Egypt Innovation fund (EEIF) is the main component of the RDI Programme with an estimated budget of €6.5 million for supporting research, development and innovation initiatives in Egypt .
The fund will be dispensed as grants on competitive basis to applicants from both the industry and research community that have the interest and competence to undertake applied research or contribute to the technological innovation in Egypt .
The fund will initially focus on projects inline with Egypt ’s innovation objectives including Energy, Water, ICT, Environment, Materials and Nano-technology, Biotechnology, Health, Space, Manufacturing Industries, Food , Agriculture and Education.
The Fund is composed of two grant schemes with different objectives, eligibility criteria and types of actions
Grant Scheme 1: (€100,000 – €500,000)
The main objective of this scheme is to support initiatives and projects that contribute to the achievement of sustainable development in Egypt with emphasis on increasing capital investment, enhancing technological innovation and improving competitiveness of the different economic sectors in Egypt . Also this scheme will concentrate on strengthening cooperation with European and regional counterparts in order to enable the transfer of technology, know how, and best practices to Egyptian institutions.
Grant Scheme 2: (€10,000 – €25,000)
The main objectives of Scheme 2 are enhancing collaboration between the research community and the industry to embark on fruitful cooperation aiming at technological innovation, raising awareness on importance of R&D and innovation, and enabling SMEs and entrepreneurs to solve technical problems and develop certain ideas that do not need mega financing. Also this scheme will support activities aiming at strengthening networking/cooperation with European and regional counterparts to promote technology transfer and implement best practices.