PARAGON | ADEER Launches The AI 100 Program To Support 100 AI Startups In Egypt By 2030

PARAGON | ADEER, a strategic Egyptian-Saudi joint venture between Paragon Developments and Adeer International, has introduced the AI 100 Program, a four-year initiative aimed at developing 100 growth-stage, AI-native startups in Egypt by 2030. 

The program, which has been built in partnership with the US-based innovation platform Plug and Play Tech Center and the France-based energy management firm Schneider Electric, was formalized through a memorandum of understanding (MoU) signed at an event in Cairo. 

The program will be rolled out at Egypt’s first inclusive artificial intelligence (AI) campus, which is located within the mixed-use real estate development project, SUMOU BLVD, in Cairo. Its launch comes as part of SUMOU BLVD's AI Campus, a dedicated hub that will be focused on three areas—AI and innovation, education, and energy efficiency—and aimed at bolstering the growth of Egypt’s AI ecosystem.

In a statement, Bedeir Rizk, CEO of PARAGON | ADEER, said, "The AI Campus at SUMOU BLVD marks a defining moment for Egypt; a deliberate convergence of innovation, education, and sustainability that transcends traditional boundaries. In collaboration with Plug and Play Tech Center, we are not simply building infrastructure; we are architecting an adaptive ecosystem designed to welcome diverse partners and evolve with emerging opportunities. To fuel this vision, we have launched the AI 100 Program, which serves as our engine for high-impact partnerships. Our collaboration with Schneider Electric marks the inaugural step in this broader strategy, establishing a foundation of global alliances that will unify advanced technology with sustainable infrastructure. Situated within Sumou Boulevard, this campus stands as a scalable blueprint for the fluid synergy of residential, commercial, and technological innovation within a smart-city framework." 

Sébastien Riez, CEO of Schneider Electric North Africa and Levant Cluster, added, "This partnership represents our commitment to enabling smart, sustainable urban development at a transformative scale. The AI Campus, integrating advanced AI and energy-efficient systems, will serve as a living laboratory where advanced technologies accelerate sustainable innovation. At Schneider Electric, we bring our role as a trusted energy technology partner to life through creating efficient, resilient, and future-ready environments.” 

Karima El Hakim, Partner, Africa at Plug and Play Tech Center, said, "The AI Campus, alongside initiatives like the AI 100 Program, will serve as a catalyst for Egypt's emergence as a premier regional hub for AI and tech innovation. By integrating Egyptian startups and corporations into our global network, we are creating an ecosystem purpose-built for collaboration, one that accelerates ideas, empowers entrepreneurs, and transforms local talent into global competitors. This is where ambition meets opportunity." 

Pictured in the lead image is a scene from the launch of the AI 100 Program. Image courtesy PARAGON | ADEER.