ID :
10871
Thu, 06/26/2008 - 10:58
Auther :
Shortlink :
https://oananews.org//node/10871
The shortlink copeid
Mohammed Bin Rashid Al Maktoum Foundation signs MoU with PICTI
Dubai, June 26, 2008 (WAM) - The Mohammed bin Rashid Al Maktoum Foundation yesterday signed a Memorandum of Understanding (MoU) with the Palestine Information and Communications Technology Incubator (PICTI) to initiate joint efforts for encouraging and stimulating entrepreneurial activity within Palestine and across the Arab world.
The MoU was signed in Dubai by
Sultan Lootah, Vice President of Mohammed bin Rashid Al Maktoum Foundation -
Entrepreneurship and Employment sector, and Laith Kassis, General Manager of
PICTI.
An independent organisation that seeks to sustain the growth of the ICT
sector in Palestine, PICTI is recognized for its remarkable contribution as
an incubator. It offers professional business services to emerging
entrepreneurs who offer mature concepts for unique and innovative products
that boast a strong market potential.
The agreement complements the Foundation's endeavour to establish an Arab
Incubators' Network to mobilize efforts for closing the unemployment gap and
promoting enterprise, productivity and innovation across the Arab world.
Cooperation with PICTI will help the Foundation identify, develop, and
oversee the implementation of new initiatives that drive employment
opportunities for the youth. It will also seek to identify and incubate
technology projects in pre-seed, seed and early stages of development.
Sultan Lootah said: 'With a remarkably large proportion of youth, the Arab
region offers huge untapped opportunities. The Foundation endeavours to
support individual efforts while creating a network of leading incubators
such as PICTI to provide integrated resources for promoting entrepreneurial
activity across the Arab world. The proposed network will play a significant
role in mitigating unemployment in the region.
Targeting the sustainability of regional economic growth, the Arab
Incubators' Network will facilitate the exchange of information and best
practices among key stakeholders and decision makers to foster regional job
creation. Online entrepreneurship-related educational content will also be
made available to all members of the network's partner organizations.
Laith Kassis, GM of PICTI, said: 'PICTI is fully committed to the Mohammed
bin Rashid Al Maktoum Foundation's noble cause, which aims at creating
better opportunities for the youth, both within Palestine and across the
Arab world'.
Launched in May 2007 with an endowment of USD10 billion, the Mohammed bin
Rashid Al Maktoum Foundation seeks to invest in a series of programmes that
provide the necessary infrastructure and set the appropriate environment for
knowledge creation in the Arab world.
Encouraging Arab intellectual output,
facilitating knowledge transfer, nurturing young talent, and setting the
right environment for cultural development are some of the key strategic
objectives of the Foundation.
The MoU was signed in Dubai by
Sultan Lootah, Vice President of Mohammed bin Rashid Al Maktoum Foundation -
Entrepreneurship and Employment sector, and Laith Kassis, General Manager of
PICTI.
An independent organisation that seeks to sustain the growth of the ICT
sector in Palestine, PICTI is recognized for its remarkable contribution as
an incubator. It offers professional business services to emerging
entrepreneurs who offer mature concepts for unique and innovative products
that boast a strong market potential.
The agreement complements the Foundation's endeavour to establish an Arab
Incubators' Network to mobilize efforts for closing the unemployment gap and
promoting enterprise, productivity and innovation across the Arab world.
Cooperation with PICTI will help the Foundation identify, develop, and
oversee the implementation of new initiatives that drive employment
opportunities for the youth. It will also seek to identify and incubate
technology projects in pre-seed, seed and early stages of development.
Sultan Lootah said: 'With a remarkably large proportion of youth, the Arab
region offers huge untapped opportunities. The Foundation endeavours to
support individual efforts while creating a network of leading incubators
such as PICTI to provide integrated resources for promoting entrepreneurial
activity across the Arab world. The proposed network will play a significant
role in mitigating unemployment in the region.
Targeting the sustainability of regional economic growth, the Arab
Incubators' Network will facilitate the exchange of information and best
practices among key stakeholders and decision makers to foster regional job
creation. Online entrepreneurship-related educational content will also be
made available to all members of the network's partner organizations.
Laith Kassis, GM of PICTI, said: 'PICTI is fully committed to the Mohammed
bin Rashid Al Maktoum Foundation's noble cause, which aims at creating
better opportunities for the youth, both within Palestine and across the
Arab world'.
Launched in May 2007 with an endowment of USD10 billion, the Mohammed bin
Rashid Al Maktoum Foundation seeks to invest in a series of programmes that
provide the necessary infrastructure and set the appropriate environment for
knowledge creation in the Arab world.
Encouraging Arab intellectual output,
facilitating knowledge transfer, nurturing young talent, and setting the
right environment for cultural development are some of the key strategic
objectives of the Foundation.
