EUI Launches Metaverse for Startups Competition as Part of Emerging Technologies Workshop

by MMC
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The Egyptian University of Informatics (EUI) launched the “Metaverse for Startups” competition, under the slogan “Extended Reality for the Public Good”, within the framework of the “Metaverse and Artificial Intelligence Workshop”, supported by Meta, the American University of Egypt. Cairo, Meta Academy and Simplon. The competition aims to showcase and support startups using metaverse technology and solutions across various industries that align with the Sustainable Development Goals.

The university welcomed 10 startups selected from 17 applicants who applied for the competition and presented them to a jury composed of experts from Meta, EUI, AUC Venture Lab and Significa Ventures. The jury will evaluate the startups based on their innovation, impact, scalability and sustainability. The competition also coincides with the presence of Abdel Moneim El-Sharkawy, president of the National Academy of Information Technology for Persons with Disabilities.

The “Metaverse and Artificial Intelligence Workshop” also kicked off, with the participation of a group of international and local experts, representatives from the government and private sectors, the academic community and Egyptian startups. The workshop aims to raise awareness about the importance of modern digital technologies to boost the economy, support digital transformation efforts, enhance innovation and build youth capacity. The workshop took place from September 12 to 14.

The Ministry of Communications and Information Technology cooperated and participated in the workshop activities, as part of its drive to keep pace with global trends in the development of emerging technologies and their uses, such as artificial intelligence and metaverse technologies. The ministry also seeks to build a base of distinguished executives capable of competing in the international job market and establishing effective partnerships with industry in this area.

The workshop covered a number of topics related to the nature of metaverse technology, the economic opportunities offered by emerging technologies and their success factors, as well as the regulatory frameworks required to ensure the safe and beneficial use of these technologies, ways to manage businesses and provide services and how to preserve identity and personal data.

The workshop, organized over 3 days, included several sessions aimed at exchanging experiences and knowledge on policies and regulatory frameworks required for the metaverse in various areas, such as education, heritage, tourism, empowerment people with special needs, music and digital transformation. .

The opening ceremony took place in the presence of Reda Hegazy, Minister of Education; Soha El-Gendy, Minister of Immigration and Egyptian Expatriate Affairs; Ghada Labib, Deputy Minister of Communications and Information Technology for Institutional Development; Kojo Boike, vice president for Africa, Middle East and Turkey for public policy at Meta; Reem Bahgat, president of EUI; Ahmed Dalal, president of the American University in Cairo; and Ahmed Hassan, vice-president of EUI.

The workshop included several sessions that covered the economic, technical, policy, and regulatory aspects of the metaverse and AI, as well as best practices for building and deploying next-generation technologies. Speakers included Reem Bahgat, President of the EUI, Hossam Othman, Advisor to the Minister of Communications and Information Technology for technological innovation, electronics industry and training, Ahmed Tantawi, Supervisor of the Center for innovation, Abdel Moneim El-Sharkawi, president of the National Academy of Information Technology for People with Disabilities, Amani Issa, head of the business development sector at the EUI, Suzan Al-Aqrabawi, advisor to the Minister of Governance of data, Ahmed Saeed, advisor to the Minister of Economy and Statistics, Kojo Boike, director of public policies for Africa at Meta, and Ahmed Dalal, president of the AUC.

Kojo Boike noted that Meta and other companies plan to co-create the Metaverse, a shared virtual environment where people can interact with each other and with digital content. He said that more than 3.8 billion people use Meta platforms every month and that Meta created the Metaverse Academy to accelerate the development of Metaverse technology and shape the ecosystem. He also emphasized that security and integrity are at the heart of the development process.

Reem Bahgat confirmed that EUI is one of the leading universities specializing in communications and digital technologies and related fields. She said the university offers specialized education programs to meet the labor market’s needs for specialists in the newest areas of information and communications technology. She also announced that EUI will host 10 finalists for the first round of the “XR for Good Metaverse Startup 2023” competition on campus, and the winning startup will receive a $10,000 prize.

Ahmed Dalal expressed his pleasure to participate in this event, emphasizing that the AUC pays great attention to metaverse technologies. He said they represent a step change in the way businesses and individuals interact with each other, while providing new opportunities.

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