Egypt Region’s President Abdel Fattah declared the launch of four new awards dedicated to the young inventors from different industries such as medicine, water, power, agriculture, and food at the amount of EGP 250,000 each. On the occasion of the Science Day celebration, President forms the establishment of the new fund to support genius youth during his speech. When it comes to the social responsibility, the president Abdel Fattah wants the private sector as well as civil society to be part of this fund according to their budget. Further, Mr. Abdel Fattah stated that the fund would also support establishing Egypt’s city for science as well as technology and invention in the New Administrative Capital. President Abdel Fattah said, “The constitution paved the way for you, Egypt’s youth and scientists, made education a right for all, guaranteed the freedom of scientific research, obliged the state of supporting researchers and inventors, and guaranteed intellectual property”. Further, he added, “The state supports the activities of scientific research. In the last three years, the government has increased expenditure on researching from EGP 11.8 billion to EGP 17.5 billion”.
As per the Article 23 of the Constitution, “The state shall sponsor researchers and inventors and allocate a percentage of government spending to scientific research equivalent to at least 1% of the Gross National Product (GNP), which shall gradually increase to comply with international standards”. The article improves effective means of contribution by private and non-governmental sectors, also the participation of Egyptian expatriates in the progress of scientific research. According to the President’s statement, science and technology are the main components of the comprehensive development and the Constitution covered the way for Egyptian youth and scientists. To increase the number of awards granted by the state President ordered the Minister of Higher Education and Scientific Research to consider the needed measures. President stated that to develop technology science plays the important role as it is the base of the technology, whereas technology is the base of the production and production is the axis of development. President Abdel Fattah said, “The nation, which aims for a bright future, has to put modern science in the right place because it is the most effective way to achieve our aimed sustainable economic growth and comprehensive social development”. Further, he added, “I was always keen on meeting young intellectuals and Egypt’s scientists to send a message that the state understands the role of science and scientists and is keen on honoring scientists and benefiting from their knowledge and experience”.