Elsewedy Electric Launch a Start-Up Incubator Program

June 2021

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Elsewedy Electric Launch a Start-Up Incubator Program

We are proud to announce the launch of the Data 2050 project, operating under our Data2050 LLC (d.o.o.). Data2050 is an incubation and acceleration program of Iskraemeco and Elsewedy Electric, aimed at diversifying a portfolio of both companies in metering, energy, e-mobility, and IoT with emphasis on services.

The mission of the Data2050 project is to identify new ideas, accelerate their implementation, and collaborate with projects, companies, and groups in IoT technology, e-mobility, and other innovative data areas within Iskraemeco and Elsewedy Electric ecosystems and beyond. Mentors and resources from Iskraemeco are involved in the project, and external experts will be added depending on the needs of the project.

Through projects and mentoring, Data2050 will provide opportunities to scale up and in return provide participants with new technologies, other project opportunities, company shares, and talent that we believe will accelerate the diversification of Iskraemeco and Elsewedy Electric.

Currently, we are connected with more than 50 companies, and we have already started project collaboration with two of them.