We had a chance to catch up with
Dr. Tarek Hatem
Professor of Strategic Management and Entrepreneurship, and Founding Director of the Entrepreneurship Unit at the American University in Cairo (AUC)
We asked him a few questions to help you prepare for the summit in Cairo.
As Collaborative members prepare for the summit at AUC, what do you think will surprise them most about the entrepreneurship ecosystem in Cairo?
There are many initiatives being taken in Egypt that might be of interest to the members. Some of these are through civil society with NGOs, some by the government, while others are by universities and the private sector.
For example, the government has established an organization called MSME (Micro Small Medium Enterprises) that has led several initiatives to support the formation of clusters, including incubators, funding initiatives by the central bank, and a new law for the formation of small enterprises.
As far as initiatives through different NGOs, there have been efforts, especially in Upper Egypt, to support the acceleration of startups that have otherwise been lacking the necessary resources for development.
Also, universities are adopting many initiatives to encourage entrepreneurship across campuses.
Babson Collaborative: What entrepreneurial initiatives are you currently working on at AUC that have you most excited at the moment?
At AUC, and in the business school in particular, the new buzz is around entrepreneurship. It is part of our mission statement too and we are carrying many initiatives forward. For example, in my class, the students have an experiential learning project where they identify a product or service that they have to sell during the semester. They then must write and present several reflections on this activity.
We are also hosting the
and host the
, an accelerator where we mentor several startups from different sectors.
Thank you Dr. Hatem for taking the time to provide us with a sense of the entrepreneurship landscape in Egypt and at AUC.