On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the Egyptian-German Promotion of Small and Medium Enterprises (PSME) is a bilateral technical cooperation programme under the guidance of the Egyptian Ministry for Trade and Industry (MTI) with Technical Assistance provided by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. It has been established in March 2015 with duration of five years and is building on the results and experiences from a former similar project in this field.

The programme’s objective is to support Egyptian Micro, Small and Medium Enterprises (MSME) to grow and create new and higher quality employment through enhanced innovation capacities. It works on an institutional level, supporting public and private institutions - especially the MTI and its affiliates but also incubators, accelerators and other business innovation centres - to create an enabling environment for innovation and entrepreneurship. The access of SMEs to employment-oriented industrial business development services for innovation is being improved through the establishment of a “service marketplace” for business development. The programm is being implemented in three activity fields: Innovation Policy Advisory, Business Innovation and Industrial Business Services and deploys a multi-level approach to develop the Egyptian economy.

 

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