Cairo – Mubasher: Egypt is participating through a country pavilion in the Consumer Electronics Show (CES 2020) that will feature eight Egyptian technology startups at one of the world’s top business events.
Launched today, the three-day event is organized by the Consumer Technology Association (CTA) in Las Vegas, Nevada, US, where around 4,400 exhibiting companies, 250 conference sessions, and more than 170,000 attendees from 160 countries are expected.
The eight Egyptian participating companies that look forward to gaining spotlight during the show to help accelerate their growth and innovation are RafiQ, Mintrics, Furnwish, Sigma-Fit, Fulltact, Pass Inc., XIOT, and Hitchhiker.
RafiQ is a virtual assistant that can understand Arabic voice commands in the user’s local dialect with a localized experience. It is available as an Android mobile app through Google Play.
Mintrics is an advanced Facebook video analytics tool that used artificial intelligence (AI) technology to measure the performance of content and benchmark against competitors.
Furnwish is a tech startup that creates innovative tools and solutions for the furniture industry using augmented reality (AR) and AI technologies to enhance the customers’ experiences.
Sigma Fit is a tech company that creates sportswear and new kinds of fabric using Egyptian cottons, such as hydrophobic, heat-lock, cooling, and acti-dri clothes, as well as cooling towels and silicone shoelaces.
Fulltact is a digital tool that replaces the conventional business or identity card, allowing their users to share their contact information and latest updates.
Pass Inc. is a smart access solution and mobile application that allows users, especially in gated communities, to use their phones to unlock their doors.
XIOT is a smart home solutions technology company that develops user experience-centric designed products for homes, offices, warehouses, factories, agricultural and industrial facilities.
HitchHiker is a social network connecting shoppers with travellers, allowing shoppers to save shipping costs and travellers to make money while on their travel.
It is worth noting that Egypt is represented in CES 2020 by the Information Technology Industry Development Agency (ITIDA) and the Digital Economy and Technology General Division (ITFEDCOC).
Egypt surpassed the UAE by the number of venture capital (VC) deals in startups in the Middle East and North Africa (MENA) region, accounting for 27% of all deals in the last quarter of 2019.
Moreover, Egyptian startups top all peers in Africa as they have dominated the disclosed VC deals directed to early recently -stage companies in 2019.
ITIDA is a government entity that acts as the executive IT arm of the Ministry of Communications and Information Technology (MCIT), funding local startups' participation to attract big global companies and investments as part of the agency's mandate to help these companies enter the global market to scale up their operations. ITIDA aims at raising awareness among the Egyptian people of the benefits and use of information technology to advance socio-economic welfare.
