Increasing entrepreneurship and innovation in emerging markets can positively transform lives, societies and economies. The Middle East, with its rich history in innovation across mathematics and science, is being viewed at the next hotbed of technology entrepreneurism.
This has been recently acknowledged by President Obama at the Presidential Summit on Entrepreneurship, and by companies like Yahoo!, who continue to invest in this region of the world.
While enterprise risk taking was once not perceived as culturally acceptable across the Arab world, it is today encouraged and happening across the region. This is especially true in Egypt, where there are more than 16.5 million Internet users, the largest Arab Internet population.
To help foster that entrepreneurial spirit and appetite, Yahoo! and Egypt-based NGO, Nahdet El Mahrousa, are together spearheading an unprecedented campaign and competition to encourage social entrepreneurship among Egyptian youth. Dubbed, ‘Social Innovation Starts with YOU,’ the competition is inspiring thousands of Egyptian youth to conceive innovative social enterprise ideas that make a positive impact on the word.
In Nov. 2010, the winners of the competition will be honored with monetary grants and technical and management support to help bring ideas to life. The audience will learn about the inception of this campaign, how it is making a positive impact on the region and why it is important to Yahoo!’s business.
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