Mohammed Bin Rashid Al Maktoum Foundation & PICTI Sign MoU
Dubai’s Mohammed Bin Rashid Al Maktoum Foundation and the Palestine Information and Communications Technology Incubator (PICTI) have signed a memorandum of understanding to work together on projects and opportunities for economic development.
Under the MoU, the two organizations will be co-operating on initiatives aiming to encourage young entrepreneurs in the region and across the Arab world and identifying promising technology projects for incubation.
PICTI will also support the Foundation’s aims of establishing an Arab Incubators’ Network, which will provide an online resource and collaboration for new businesses and other interested organizations; as well as establishing integrated resources for promoting entrepreneurial activity across the Arab world.
The Palestine Information and Communications Technology Incubator (PICTI), is an independent Palestinian organization that has been created through the initiative and support of the Palestinian Information Technology Community. PICTI and its partner organizations have as their mission the revitalization and the sustainable growth of the Information Communication Technology (ICT) sector in Palestine, through an incubation model that will offer professional business services to Palestinian entrepreneurs who have mature concepts for unique and innovative ICT products assessed to have strong market potential.
# More: ITP
» Tags: entrepreneurship, incubation, partnership
3 Responses to “Mohammed Bin Rashid Al Maktoum Foundation & PICTI Sign MoU”
za3tar on Jun 28, 2008 | Reply
I have had the privilege of visiting PICTI back when i was in Palestine. As far as i could tell, they are doing a great job so far, and they have hosted quite a bunch of interesting and promising companies (i think one of them is almost making it big time now).
Mohamed Marwen Meddah on Jun 28, 2008 | Reply
Could you please share some of the companies you know of that are hosted by PICTI? I’m really interested in knowing and writing about them.
za3tar on Jul 3, 2008 | Reply
Sure, I will look up my notes when i get home. But of the bunch, i remember MobIS (http://mobis.ps) stuck in my mind. At first glance they seemed to be just another SMS company that is a service provider for those pan-Arab TV competitions. But it turns out they did (or were planning to do) more in terms of mass SMS info dissemination and online SMS payment systems and such things.