Dr. Nadia Zakhary, the Egyptian minister for scientific research, confirmed in her initial approval for the offer that she received from one Egyptian investor who asks for establishing stock company to support and care for ideas, patents and scientific researches outputs to be execute, then it will display to the public with a capital of 100 million pounds.

Zakhary said that the offer she received from Egyptian investor, who participated with group of investors in the event of “scientific research outputs and applications” that was held last Sunday and included exhibition for models that reflect projects and scientific research applications and how the industry and the business men can be benefit from it, especially those who could be able to be promoted locally.

She added, that the establishment of this company come in the frame of the new strategy that sponsored by the ministry to be mediator among the researchers, scientists, investors and business men, which contribute to develop the ministry’s role and its old view that was limited only to receive the results of researches. She clarified that, the new role that perform by the ministry in this company is depend on its sponsor to the type of researches and projects that will be execute, apply and transfer by the company to the industrial and production region, referring to the care of the scientific research sector on translating the results of scientific researches to real projects and products so the Egyptian citizen can be benefit from it. She mentioned that the establishment of this company crowned the ministry’s goals to hold the first conference for scientific research outputs and applications that aims to link the scientific researches with the industry and promote the scientific researches and open new outlooks for investment and offer new job opportunities for the Egyptian youth.