By Lucidity Insights Research Team • January 30, 2025
Apart from its ancient history, Egypt is known for its thriving entrepreneurial spirit. The journey began in 1995 with the establishment of the country's first business incubators. Over the past two decades, Egypt has become a regional powerhouse in startup development and investment, thanks to a surge in incubators and accelerators. Key programs include EBNI Incubator, StartupBootCamp Fintech Cairo, Flat6Labs, AUC Venture Lab, and Entlaq Accelerator. These programs support startups with mentorship, funding, and networking, contributing significantly to Egypt's economy. Learn more about the impact of these programs on the startup ecosystem in Egypt. Watch the video and read more at Lucidity Insights.
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.
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