How to ben­e­fit from ITIDA’s com­mer­cial trips pro­gramme?

The Daily News Egypt - - Business -

The In­for­ma­tion Tech­nol­ogy In­dus­try De­vel­op­ment Agency (ITIDA) launched a com­mer­cial trips pro­gramme, which is a spe­cial fund­ing pro­gramme with the aim of pro­mot­ing Egyp­tian com­pa­nies’ ex­ports and in­creas­ing their pres­ence in for­eign mar­kets.

The pro­gramme al­lows Egyp­tian com­pa­nies to par­tic­i­pate in in­ter­na­tional events and for­eign ex­hi­bi­tions in­di­vid­u­ally as an exhibitor, a vis­i­tor in the event, or a speaker at a sem­i­nar.

The ben­e­fits of the pro­gramme in­cludes open­ing new busi­nesses and mar­kets for Egyp­tian com­pa­nies, which sub­se­quently con­trib­utes to in­crease ex­ports of the lo­cal ICT sec­tor, en­abling Egyp­tian com­pa­nies ac­cess global mar­kets re­sult­ing in a de­vel­op­ment in the Egyp­tian prod­uct; help­ing com­pa­nies ex­pand and search for new busi­ness op­por­tu­ni­ties; and in­creas­ing em­ploy­ment op­por­tu­ni­ties within these com­pa­nies as a nat­u­ral re­sult of the in­crease in com­mer­cial trans­ac­tions with for­eign com­pa­nies.

All Egyp­tian ICT com­pa­nies reg­is­tered in ITIDA’s data­base and their spe­cialty should be con­sis­tent with the na­ture of the sug­gested com­mer­cial trip.

In­ter­ested com­pa­nies should fill in the com­mer­cial trips form three weeks be­fore the date of the trip. Fol­low­ing this,ITIDA will re­view re­quests and reply within two work­ing weeks. In case of ap­proval, the com­pany will be asked to sign a bi­en­nial con­tract to par­tic­i­pate in the pro­gramme. Par­tic­i­pa­tion ap­proval will be ac­cord­ing to the terms and con­di­tions men­tioned in the con­tract.

The se­lec­tion cri­te­ria re­lies on the ap­pli­cant com­pany’s com­ple­tion of the reg­is­tra­tion at ITIDA’s data­base, in ad­di­tion to the com­pany’s spe­cialty con­sis­tency with the na­ture of the sug­gested com­mer­cial trip and the date of es­tab­lish­ment of the com­pany, which should ex­ceed two years from the date of the sub­mit­ting the re­quest.

Fund­ing items in­clude the cost of par­tic­i­pa­tion in in­ter­na­tional ex­hi­bi­tions: ex­hi­bi­tion space book­ing, build­ing pavil­ions and other re­quire­ments of the pav­il­ion, as well as ac­com­mo­da­tion ex­penses of an in­di­vid­ual (two per­son for mi­cro, small, and medium en­ter­prises) from the par­tic­i­pat­ing com­pany dur­ing a com­mer­cial trip for a max­i­mum of five nights ($150 per night), ac­com­mo­da­tion can be booked di­rectly with ho­tels.The fund­ing also cov­ers air­line ticket ex­penses of an in­di­vid­ual (two per­son for Mi­cro, Small and Mid En­ter­prises) from the par­tic­i­pat­ing com­pany dur­ing a com­mer­cial trip.The max­i­mum amount to be re­im­bursed per per­son ac­cord­ing to the be­low sched­ule.

Flight ticket must be booked through Egyp­tAir of­fices only and no book­ings should be made di­rectly with tourism com­pa­nies or travel agents. More­over, only econ­omy class tick­ets are al­lowed and book­ings on busi­ness class are not ac­cepted. ITIDA’s pro­gramme also cov­ers reg­is­tra­tion fees, event or ex­hi­bi­tion en­try fees,and the par­tic­i­pa­tion cost of bi­lat­eral busi­ness meet­ings.

The com­pany will be able to par­tic­i­pate in the com­mer­cial trips pro­gramme by par­tic­i­pat­ing in a num­ber of 10 com­mer­cial trips dur­ing the pe­riod of the pro­gramme, which is two years and which does not ex­ceed five com­mer­cial trips per year.

Each com­pany is funded a max­i­mum of EGP 50,000 per trip, while EGP 200,000 is the max­i­mum fund for all com­mer­cial trips (10 trips) dur­ing the con­tract pe­riod while con­sid­er­ing a cap of EGP 100,000 an­nu­ally.

For mi­cro, small, and medium en­ter­prises, ITIDA will sub­sidise 70% of the to­tal cost of the com­mer­cial trip. And for large com­pa­nies, ITIDA will sub­sidise 60% of the to­tal cost of the trip.

The ben­e­fits of the pro­gramme in­cludes open­ing new busi­nesses and mar­kets for Egyp­tian com­pa­nies

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