Tag: youth

Silatech And Cisco To Build Invitational Technology Platform

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SilatechSilatech recently announced that it will be working with Cisco, which is one of its founding members and its global strategic technology provider, on the development of an ‘Invitational Technology Platform’, which will deliver Silatech services and solutions to the youth across the Middle East and North Africa.

Silatech is an initiative, that was launched by Her Highness Sheikha Mozah Bint Nasser Al Missned of Qatar, engaging the private, public and civil society sectors to promote large-scale job creation, entrepreneurship, and access to capital for young people.

Both Silatech and Cisco will contribute to the development of the Invitational Technology Platform, and Silatech will also be inviting a selection of local, regional and international technology organizations to participate according to their expertise. Local and regional universities and young developers from the Middle East and North Africa will also be involved in this regional effort.

Silatech’s Invitational Technology Platform will offer young people, entrepreneurs and enterprises throughout the MENA region access to:

  • Business development services and skills training for entrepreneurs leading existing small and medium size enterprises (SMEs);
  • Financial services to entrepreneurs and SMEs;
  • Skills development services to young people in various industries;
  • Access to markets and supply chains for SMEs;
  • Job placement and services across the MENA region.
Cisco’s newly opened office at the Qatar Science and Technology Park (QSTP) will be used as a base for the development effort. 

Other efforts by Silatech and Cisco to create jobs and enhance youth skills in the information and communication technology (ICT) sector through industry programs include the Cisco Networking Academy.

Cisco, World Bank Support Silatech To Help Arab Entrepreneurs

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SilatechSilatech is an initiative that was launched by Her Highness Sheikha Mozah Bint Nasser Al Missned of Qatar, to develop employment and business opportunities for young people in the Arab region.

Global networking heavy-weight Cisco, which is one of the founding members of Silatech and its global strategic technology provider, has just announced that it is extending its support for the social and economic development initiative, through working to deliver a technology platform for young entrepreneurs and businesses, primarily in the Arab world, to help them to drive programs for economic growth.

They will be developing a collaboration platform including services such as video conferencing and blogging, that will help individuals, businesses and other concerned organizations to collaborate on projects. They also aim to deploy a mix of traditional and social networking tools to connect today’s youth with other entrepreneurs and established businesses across the region.

The two companies also plan to co-operate on the establishment of entrepreneur centers for young people in the region, which will offer training courses on building and growing business and using IT to enable business success.

On the other hand, the World Bank Global Partnership for Youth Investment announced that they would support Silatech through two of its strategic pillars – Thought Leadership and Investment.
They will be offering financial products and business development service support to encourage financial intermediaries to invest in the youth micro enterprise market across the region; in other words, the aim is to  establish a scheme, which would see young people with new business ideas helped when seeking loans from commercial banks.

The Global Partnership will also assist Silatech to reach across the World Bank Group to support youth investment across the Arab World and participate in country-level missions and strategy development that could lead to co-financed and scaled projects and knowledge products based on global best practices.

# Sources: ITP, Zawya