The Academy of Scientific Research and Technology (ASRT) has recently announced the launch of the P2 Initiative, a program aimed at assisting inventors in transforming their patented inventions into marketable products.
The initiative is expected to contribute to the knowledge economy, introduce new technologies to the Egyptian industry, and create innovative and highly competitive “Made in Egypt” products.
According to Mahmoud Sakr, the President of the ASRT, inventors who own Egyptian patents are encouraged to register for the initiative via the academy’s website. Details regarding the registration deadline were not disclosed in the launch statement released on September 19th. Once selected, inventors will receive financial assistance to help bring their inventions to market.
Sakr noted that the P2 Initiative will make use of a range of underutilized Egyptian-registered patents, many of which have promising applications for both local and global markets. This program is part of the ASRT’s third executive plan (2022-2026), which seeks to reduce Egyptian imports and boost domestic manufacturing.
The ASRT has also supported the commercial manufacture of various products, including a locally-made electric car and medical devices for intensive care rooms such as ventilators. Sakr further mentioned that the academy is collaborating with the Ministry of Agriculture to develop new technologies aimed at enhancing agricultural productivity, such as plastic grain silos and hybrid rice strains.
Overall, the P2 Initiative is a promising development for the Egyptian industry and inventors alike. By providing financial assistance and support, the ASRT is enabling the transformation of patents into marketable products and contributing to the growth of the local economy.The Academy of Scientific Research and Technology (ASRT) has recently announced the launch of the P2 Initiative, a program aimed at assisting inventors in transforming their patented inventions into marketable products. The initiative is expected to contribute to the knowledge economy, introduce new technologies to the Egyptian industry, and create innovative and highly competitive “Made in Egypt” products.
According to Mahmoud Sakr, the President of the ASRT, inventors who own Egyptian patents are encouraged to register for the initiative via the academy’s website. Details regarding the registration deadline were not disclosed in the launch statement released on September 19th. Once selected, inventors will receive financial assistance to help bring their inventions to market.
Sakr noted that the P2 Initiative will make use of a range of underutilized Egyptian-registered patents, many of which have promising applications for both local and global markets. This program is part of the ASRT’s third executive plan (2022-2026), which seeks to reduce Egyptian imports and boost domestic manufacturing.
The ASRT has also supported the commercial manufacture of various products, including a locally-made electric car and medical devices for intensive care rooms such as ventilators. Sakr further mentioned that the academy is collaborating with the Ministry of Agriculture to develop new technologies aimed at enhancing agricultural productivity, such as plastic grain silos and hybrid rice strains.
Overall, the P2 Initiative is a promising development for the Egyptian industry and inventors alike. By providing financial assistance and support, the ASRT is enabling the transformation of patents into marketable products and contributing to the growth of the local economy.
