The Algerian Ministry of Higher Education and Scientific Research has announced the selection of 937 innovative university projects for funding under the Protomarket2 initiative. The projects, out of 2,110 applications, will receive a total of 1.188.4 billion Algerian dinars in funding. The average funding per project is estimated to be around 1.27 million Algerian dinars. The selected projects will be implemented across the country, with 333 in the East, 317 in the Centre, and 287 in the West.
The selected projects cover eight main technological areas, with digital applications and platforms leading the way with 314 projects. Artificial intelligence-based applications and platforms follow with 171 projects, while electronic devices and equipment account for 146 projects. Internet of Things and connected solutions make up 136 projects. Other areas include biological and food products, materials and chemistry, manufactured products, pharmaceutical and cosmetic products, and health services.
The Protomarket2 initiative aims to support innovative projects and encourage entrepreneurship among university students. The program is part of the Algerian government's efforts to promote a culture of innovation and entrepreneurship. The selected projects will be incubated in 98 university institutions out of 117 targeted, reflecting the significant investment in supporting innovative projects and enhancing their capacity to transition from idea to practical implementation.
The initiative also highlights the strategic role of university incubators in supporting innovative initiatives, accompanying project owners, and increasing their technological maturity. The selected projects demonstrate the dynamism of the Algerian university system in promoting a culture of innovation and entrepreneurship. The projects are expected to contribute to the development of a knowledge-based economy and support sustainable national development.
The Algerian Ministry of Higher Education and Scientific Research has emphasized the importance of the Protomarket2 initiative in promoting innovation and entrepreneurship. The program is part of a broader strategy to strengthen the link between education, scientific research, and the needs of the economy. The selected projects will play a significant role in creating wealth, generating employment opportunities, and promoting economic growth.
The Protomarket2 initiative is a key component of Algeria's efforts to build a knowledge-based economy. The program has attracted a significant number of applications, reflecting the growing interest in innovation and entrepreneurship among university students. The selected projects will receive support and guidance from university incubators, enabling them to develop and implement their ideas.
The successful implementation of the Protomarket2 initiative is expected to have a positive impact on Algeria's economic and social development. The program will contribute to the creation of new businesses, jobs, and opportunities for economic growth. The Algerian government remains committed to supporting innovation and entrepreneurship, and the Protomarket2 initiative is a key part of this strategy.
Key points
- 937 innovative university projects selected for funding under Protomarket2 initiative
- Total funding for selected projects amounts to 1.188.4 billion Algerian dinars
- Selected projects cover eight main technological areas, including digital applications and artificial intelligence
