Algeria allocates 1.18 billion dinars to 937 university innovation projects

Algeria's Ministry of Higher Education and Scientific Research has announced the results of the second edition of the “ProtoMarket 2” national challenge. Out of 2,110 applications submitted via the national platform, 937 innovative projects were selected for funding.

The total financial allocation for the initiative is approximately 1.188 billion Algerian dinars, providing an average of 1.27 million dinars per project. The program aims to support students, graduates, and doctoral candidates in transforming creative ideas into marketable prototypes and startups, thereby enhancing the technological value of university products.

Geographically, the selected projects are distributed across three regions: 333 in the East, 317 in the Center, and 287 in the West. The technological focus of the projects is led by digital applications and platforms (314 projects), followed by artificial intelligence (171 projects), electronic equipment (146 projects), and Internet of Things (IoT) solutions (136 projects). Other sectors include biological and food products, chemistry, pharmaceuticals, and services.