Signature d’une convention pour le lancement d’un programme de réalisation de 1.000 projets technologiques
Summary of the Tripartite Partnership for Technological Innovation in Algeria
On Sunday in Algiers, a tripartite partnership agreement was signed among the Algerian Startup Fund (ASF), the Center for Scientific and Technical Information Research (CERIST), and the company "Deep Minds." This initiative aims to launch a national incubation and acceleration program for emerging technological projects, with a target of developing 1,000 projects across various wilayas (administrative regions) by 2029.
The program is set to mobilize over $600 million in joint financing from both public and private sectors. The goal is to foster more than a thousand innovative technological projects across Algeria, positioning the country as a regional hub for "Deep Tech" and future industries. The agreement was signed by key figures: Anis Rahabi, the General Director of ASF; Zoheir Mokhtari, the General Director of CERIST; and Abdenour Haddou, the Chairman of Deep Minds.
Components of the Program
Mokhtari detailed that CERIST will play an active role in realizing the program through its resources, including incubators, project accelerators, coworking spaces, laboratories, advanced cloud infrastructure, and expertise. He emphasized that this project represents a significant collaboration that combines scientific rigor from CERIST, financial backing from ASF, and entrepreneurial expertise from Deep Minds. The collective aim is to contribute to Algeria’s goal of establishing 20,000 startups by 2029.
Rahabi, in his remarks, reaffirmed the commitment of the ASF to support startups and facilitate their market access. He expressed satisfaction with the continued efforts to cover venture capital needs for promising projects.
Data Sovereignty and Local Capabilities
Haddou highlighted the importance of data sovereignty within the framework of the new partnership. He clarified that all data and information related to the program will be hosted in Algeria, emphasizing the country’s ability to launch highly competitive technological projects. The program will prioritize projects aligning with national interests, especially in deep tech and future innovations, while remaining open to various fields.
In conclusion, this tripartite agreement represents a strategic move to harness Algeria’s potential in the tech sector, emphasizing collaboration between public and private entities, with a strong focus on local capacity and innovation. The ambition to create a robust ecosystem for startups reflects a clear commitment to transforming Algeria into a pioneering force in technological advancement.
