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By Lucidity Insights Research Team • November 04, 2023
Here's Why Egypt is Ripe to Become the Next Big Tech Hub
In a world where technology and innovation reign supreme, Egypt is emerging as a promising contender on the global tech stage.
Startup cultures are like seeds that require nurturing, and Egypt is laying the groundwork for something truly remarkable.
To foster a thriving tech ecosystem, you need the essentials: high-speed internet, robust connectivity, smartphone adoption, and e-commerce growth.
Egypt may be at the early stages of these adoption rates, but the potential is undeniable.
Delve into the factors with this video!
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Egypt's Burgeoning Start-Up Ecosystem
A look at the movers and shakers inside Egypt’s start-up ecosystem that attracted US $491 million in VC funding in 2021, and is expected to break the US $1 billion funding ceiling in 2022. By clicking through, you will uncover the factors contributing to its success and the future prospects that await, making it an essential read for anyone interested in the intersection of innovation and investment in one of the most promising regions of the world.
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Discover Egypt's entrepreneurial journey with incubators and accelerators driving startup growth. Explore key programs and their impact on the startup ecosystem.
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Ranked third in the MENA region, following the UAE and KSA, discover the driving force propelling Egypt's entrepreneurial scene to new heights.
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Discover Egypt's First Unicorn: Fawry or MNT-Halan? Watch the full video to unravel the story behind these groundbreaking startups and their journey to unicorn status.
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Dive into the heart of Egypt's tech landscape as E-Commerce emerges as the country's largest and most influential sector, attracting substantial funding.
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Join us in this video to witness the rise of E-Commerce, Egypt's largest and most funded sector, followed by Fintech, which made history with Fawry achieving unicorn status.
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Discover the catalyst behind Egypt's remarkable startup funding growth, which has increased 22-fold in just five years, and explore Egypt's current startup ecosystem.
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Join our journey through their success stories and challenges, propelling Egypt into the tech spotlight with the top 5 startup employers, including SWVL, Nagwa, Vezeeta, Khazna, and Bosta.
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Discover how strategic reforms and a surge in foreign direct investment have positioned Egypt at the forefront of innovation and economic growth.
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Discover how government-led reforms are resulting in Egypt's remarkable drop in unemployment rate and boosting local production by empowering youth and women in the workforce in this video!
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