Realizing the large potential of Information Technology (IT) growth in the 21st century and the importance of encouraging investment in IT programs, projects and companies, Dr. ElSherif led RITSEC to be instrumental in supporting and contributing in the establishment and investment of a number of IT companies that operated on business terms and private value added IT information and communication services. Under his leadership, RITSEC has supported and contributed to the establishment of a number of technology labs, research centers, training facilities and ICT companies.