Higher Education: Remote Sensing Incubator-Supported Company Wins Second Place in Climate Launchpad Competition for Africa and Asia.
Dr.
Ayman Ashour, Minister of Higher Education and Scientific Research, stressed
the importance of providing all forms of support to entrepreneurship,
start-ups, and scientific research outputs, in order to effectively contribute
to achieving economic and social growth and achieving Egypt's Vision 2030, and
encouraging entrepreneurship and youth to establish start-ups, which
contributes to supporting efforts to advance the national economy.
Vertechx,
incubated by the Remote Sensing and Space Sciences Business Incubator and
funded by the National Program for Technology Incubators (INTELAQ) at the
Academy of Scientific Research and Technology, won second place and a cash
prize in the Climate Launchpad 2024 competition. This international competition
is the largest in the world that focuses on green innovations; with the aim of
supporting ideas that contribute to confronting climate change through
innovative and sustainable solutions since its launch in 2014. The competition
has witnessed the participation of more than 50 countries, making it the
largest platform in the world for pioneering environmental ideas.
For
his part, Dr. Islam Abu Al-Magd, Chairman of the National Authority for Remote
Sensing and Space Sciences, pointed out that the Climate Launchpad competition
is part of the European Climate Innovation Initiative, and aims to discover and
accelerate the development of environmental ideas that may contribute to
solving pressing environmental problems, such as climate change and pollution.
Dr.
Islam Abu Al-Majd explained that the support of the Remote Sensing and Space
Sciences Business Incubator contributed to the success of Vertechx, as the
incubator provided the tools and resources necessary to develop the company’s
initial product in the fields of remote sensing and environmental data
analysis, noting that the support helped the company provide innovative
solutions in climate and environmental monitoring technologies, which made it
competitive on a global level.
Dr.
Ghada Khadry, Director of the Remote Sensing Incubator, pointed out that
Vertechx is one of the companies incubated in the second incubation cycle of
the incubator, explaining that during the pre-incubation period, the company
received specialized guidance and logistical support, which contributed to
enhancing its ability to compete globally in the Climate Launchpad competition,
as the company received an intensive program that included guidance and advice
from a group of experts, as well as the product was developed and manufactured
in the pre-incubation phase, in addition to developing the company’s business
model, which helped it obtain the incubation grant provided by the Academy of
Scientific Research and Technology as one of the companies incubated in the
incubator and win second place at the level of the continents of Africa and
Asia in the Climate Innovation Competition.
It is worth noting that the competition witnessed the participation of thousands of start-up companies in more than 50 countries around the world, and awards were presented to the best ideas that have practical application capabilities on the ground to improve environmental sustainability.
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NARSS
National Authority for Remote Sensing & Space Sciences
NARSS is the pioneering Egyptian institution in the field of satellite remote sensing. NARSS is an outgrowth of a Remote Sensing Center, established in 1971 as an American-Egyptian joint project that was affiliated to the Egyptian Academy of Scientific Research and Technology
