Sunday, June 25, 2023- The minister of higher education and scientific research, Mr. Kamel Baddari, and the minister of knowledge economy, start-ups and micro-enterprises, Mr. Yacine El-Mahdi Oualid, oversaw the signing ceremony of an understanding memorandum  between the Higher School of Commercial Studies ‘EHEC’, and the Algerian Start-ups Fund ‘ASF’-at the Public Accelerator of Startups in ‘Algeria Venture’. The memorandum aims for the establishment of a national institute for innovation management, to serve as a branch for the school, with the objective of supporting enterprises and start-ups -wishing to improve their innovation potential.

The memorandum states, ‘ the establishment of an institute for innovation management’, in the aim for offering consultation services and support for enterprises and institutions welling to improve their innovation. The services include strategic consultations, innovation evaluations, trainings, and collaboration in order to achieve innovative projects.

In his speech, Mr. Baddari stated that ‘ this institute is considered an important gain to both ministries in the regard of opening Algerian universities towards their economic and social environment’.

Mr. El-Mahdi Oualid, for his part, considered this institute as a supplementary procedure and an important addition to the ecosystem of start-ups in Algeria.