Meet Egypt's Pioneering Accelerator & Incubator Ecosystem

By Ashok Raman • 22 March 2024

Egypt has paved the way among Arab nations by pioneering incubators and accelerators for startups, launching its first business incubators in 1995 via the Social Fund under the banner of the Egyptian Association for Small Business Incubators. As a reference point, the UAE’s first incubator, FasterCapital, was only launched in 2010. Saudi’s first incubator, Badir Program for Technology Incubators and Accelerators, was launched earlier in 2008.

Over the past twenty years, the number of these entities has sky-rocketed, positioning Egypt as a regional leader in entrepreneurship and investment, especially at the front-end of the funnel. Startups are chosen by these organizations and inducted into programs that offer training modules, specialized mentorship, funding, media outreach, governmental li

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Mentioned Startup & VC Profiles

Flat6Labs MENA

Flat6Labs is a leading seed and early stage venture capital firm in the MENA region, renowned for its startup programs.

Startupbootcamp

AUC Venture Lab

AUC Venture Lab is a startup Accelerator / Incubator of the American University in Cairo.

Flat6Labs Egypt

MENA’s leading seed and early stage VC firm, and the manager of the most renowned startup programs in the region. Sub-Organization of Flat6Labs.

Startupbootcamp FinTech Cairo

Startupbootcamp FinTech Cairo is an accelerator program supporting innovative early-stage Fintech startups.

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Investing in Egypt’s Startup Ecosystem

Micro, Small and Medium Enterprises contribute over 40% to Egypt’s economy, and account for over 75% of the country’s total employment. Entrepreneurship is critical to Egypt’s future. Today, Egypt consistently ranks as a top 3 tech startup ecosystem in both the MENA and Africa regions, based on funds raised by local startups. In this special report, we speak to the most active investors in Egypt and cover some of the country’s most successful startups to give you an inside scoop on how they are navigating the current VC winter, inflationary pressures and currency devaluation woes.