More access to finance and interest from global investors have been spurred by our recovering economy and decreasing inflation rate, as well as government initiatives supporting SMEs and startups. This website uses cookies to improve your experience while you navigate through the website. The event hosted different local, regional and international speakers and attracted startups and entrepreneurs from all over Egypt. Egypt. If you want to list your event with us, please register HERE. If you’re in Cairo for a day and you would like to meet Egyptian startups and other stakeholders from the ecosystem, this is the place you should be at. The stock outpaced the S&P 500’s daily loss of 0.08%. I see at least one such story every few weeks. Back in 2011, a political revolution in Egypt captured the imagination and triggered a regional democratic uprising. Get Ready for Smart Contracts. While the United Nations General Assembly is underway in New York this week, heavy hitters from around the world are meeting, and that includes British Prime Minister Boris Johnson and ... ByteDance Ltd., which makes TikTok, has announced that it will cap access to Douyin, the Chinese version of the app, for users under the age of 14. AUC Venture Lab’s acceleration program also seems to have a pretty decent reputation among startups in the country. Company 3. They focus on early stage startups, startups with MVPs and prototypes. The Greek Campus, a tech park (or hub or whatever you’d like to call it) is located in the heart of Cairo’s downtown that hosts different local, regional, and international stakeholders including startups. From RiseUp and Udacity to MO4 and Flat6Labs, it’s home to some of the most influential players of Egypt’s startup ecosystem. Egypt's fast-growing startup ecosystems has much to offer from young tech talent to an accelerated digital transformation. In a move reminiscent of the early days of the coronavirus pandemic, Costco is warning customers it’s experiencing a toilet paper shortage. Found inside – Page 17Therefore, this study chooses to brand a group of Egyptian government ... and focus on supporting the entrepreneurship and startup ecosystem in Egypt. Egypt-based B2B marketplace MaxAB has acquired the Morocco-based B2B e-commerce and distribution platform, WaystoCap. It is a digital fabrication lab and a community-run public makerspace where anyone can make almost anything, from electronics to furniture and installations. Gyms, swimming pools and recreational clubs shut down after the first ... Are there olive branches in space? But Real Packing is hoping to provide its solutions and collaborate with innovative startups and large businesses wanting to join forces to build a sound e-commerce ecosystem. The two sides will build a strategic partnership to boost Egypt’s entrepreneurship and startup ecosystem, according to a statement by the Ministry of Communications and Information Technology on … Found insideStartup funding draws numerous international stakeholders to Africa, ... and Egypt also ranking high in securing the most tech startups (B.R., 2020, para. Fast-forward seven years, and the desired freedom has not yet quite come to … Cairo, Egypt. From big deals to new incubators and accelerators to government support, there has been a lot of activity in the country lately so it is perhaps the right time to put this together. Within the Middle East and Africa (MEA) region, Egypt, the largest country in the Middle East and the third-largest in Africa, has been most active this year. Flat6Labs is a regional startup accelerator program that fosters and invests in bright and passionate entrepreneurs with cutting-edge ideas. The World’s Largest Conscious Tech Summit. And there comes a time in the life of every family-owned enterprise when ... Aaron Levant, CEO of the No. The Greek Campus, a tech park (or hub or whatever you’d like to call it) is located in the heart of Cairo’s downtown that hosts different local, regional, and international stakeholders including startups. Sawari Ventures, one of the first VCs of the country is expected to launch their new fund of $55 million soon. Many programmers tell you that the best first programming language to learn is Python. MAGNiTT is a comprehensive data platform for investors, entrepreneurs, and corporates in the Middle East.You can find a summary for the report here.. Their incubator is designed to support startups with no strings attached. "The mission of AUC Angels is really to support innovative Egyptian startups secure seed funding, and in doing so provide an attractive pipeline of startups for our angel investors." StartupsGalaxy is Egypt’s startup platform. Technology Innovation and Entrepreneurship Center, or TIEC, is a governmental incubation entity focused on incubating ICT startups. Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA. Musk Pledges $50 Million to Children's Charity, What are tk domains? Egypt, the land of pyramids, pharaohs, and the Nile, is fast becoming one of the hottest startup hubs in the Middle East and Africa region. They have other programs like Meet Silicon Valley for later stage startups. He announced the decision through his Twitter account: “Aatmanirbhar Bharat requires Aatmanirbhar women! Top startups in Egypt Jumia Group: They take the lead here. Invests in bright and passionate Egyptian entrepreneurs with cutting-edge ideas. The incubator’s ‘Bedaya Fund’ provides financing opportunities for startups in the food, agricultural, manufacturing, services, and information technology sectors. In terms of NGOs, Endeavor Egypt and Injaz Egypt are pretty active. Featuring also for the first time will be a global startup competition, called ‘Startup World Cup’ – a competition for seed-stage startups, the winner of which will get a chance to win $1 million, and an entry into the final round in Silicon Valley. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. Today, more than 64% of working-age respondents in MENA region want to start their own business than be employed whereas 70% of respondents took their first steps to establish their own business in last 5 years. Endure Capital, the early-stage VC with offices in United States, Dubai & Cairo continues to be active in the region with more than three investments in Egyptian startups this year. Toyota will also be hosting a workshop where Mandali Khalesi, Toyota’s Global Head of Automated Driving Mobility and Innovation, will share the automotive company’s latest automated driving research findings and their plans and expectations for the future. The Egyptian entrepreneurship ecosystem, which has been partially fuelled by the economic revival that has occurred over the last few years, is among the fastest growing in the region. The Egyptian entrepreneurship ecosystem, which has been partially fuelled by the economic revival that has occurred over the last few years, is among the fastest growing in the region. Highlighting Egyptian ecosystem’s actions in advancing the outlook of fintech in Egypt. “Egypt is seeing a second wave of entrepreneurs and investors that are more mature and experienced. Highlining latest FinTech laws, regulations and announcements by Fintech Egypt and CBE. You also have the option to opt-out of these cookies. With applications for the Founder Institute now open in Egypt, we're excited to release the Egypt Startup Resource Guide, which is currently in Draft v1 below! Noqood is a fintech startup working to increase financial inclusion and promote financial literacy across Egypt. AlMaqar is known for regularly organizing different meetups and activities, both for their occupants and tech community in general. As explained above, this is a pretty basic guide but we’ll continue updating it with your feedback to make it better. Egypt has several annual events that help put regional startups on the global map – RiseUp Summit – biggest in the country, Vested, and the Techne Summit, held in Alexandria, are some of the must-attend gatherings. The country has over the past few years ramped up its entrepreneurial activity, becoming the fastest growing ecosystem in the Middle East and North Africa (Mena) region according to a report by Magnitt. These are the skills they are looking for, Major New York Real Estate Company Now Accepting BTC as Payment, Rolls-Royce's first all-electric aircraft successfully flies and marks a milestone in the airline industry: VIDEO, Amazon Bans 600 Chinese Brands From Selling on Its Platform, Consumer Sentiment Edges Up but Inflation Fears Send Buying Attitudes to 40-year Low, Chipotle Rolls Out Spicy New Item That's Been 'Among the Top Requested Menu Items' According to the Chain, The Gabby Petito Case: How Social Media Completely Changed the Crime-Solving Landscape, 8 Zoom Etiquette Rules Everyone Should Follow. The Cairo Angels is Egypt’s first formal angel investment network; investing in and supporting early-stage startups in Egypt and across the MENA region. We are trying to bring you all the latest happenings from startups to influencers, everything in tech and digital media from the region. Egypt : ITIDA, AUC Venture Lab Kick Off Startup Launchpad to Enrich Egyptian Entrepreneurship Ecosystem 20 November 2020 / News / 334 / … The population is also starting to embrace technology for everyday activities and we see that large but young tech firms are a great source of talent and inspiration,” Ziad Mokhtar, managing partner at Algebra Ventures was quoted by the Magnitt report as saying. Despite the many challenges that hinder the growth of startups in this emerging market, innovation and enthusiasm within this growing startup ecosystem remains rife. Egypt is the fastest growing startup ecosystem in the Middle East and North Africa region, according to a report published in 2018 by Magnitt, bagging 22 percent of all deals last year, second only to the United Arab Emirates. Woman Opens Car Door and Finds Black Bear in Driver's Seat in Viral Video, Asia's Tech News Daily, Breaking technology news, Asia's tech communities. As a dyslexic high school drop-out and bold innovator, the Los Angeles-born ... I’m going to be completely honest: I don’t think the books themselves have genre. “Fawry’s investment in Brimore fully aligns with our strategic objectives of expanding Fawry’s digital ecosystem and establishing a foothold in Egypt’s booming e-commerce scene,” said Fawry CEO Ashraf Sabry. I think Egypt’s startup scene will continue to witness strong growth as a result of several factors including a large youth population and increasing availability of funding. Today, we see Egyptian startups driving culture change in the business environment; proactively and innovatively addressing societal and economic needs. Barely a week goes by without a startup in Egypt announcing an investment round. Bedaya, founded by Egypt’s General Authority for Investment and Free Zones, is an incubator that offers funding as well as office space, networking opportunities and manufacturing zones to startups. ... Egypt Career Summit 2021. Bloomberg | Getty Images ... How do you start a business from complete scratch? Browse StartupBlink Ecosystem Ranking Tables below the map, and discover how your country or city ranks in comparison to thousands of other startup ecosystems around the world. GIZ Egypt has teamed up with Endure Capital, and Changelabs to launch a new program called “VC University”. We advise world leaders in policymaking, strategy and actions to drive innovation and economic growth. TIEC, or Technology Innovation and Entrepreneurship Center is another government incubator that funds startups in the information and communication technology sector, as part of the government plan to develop the country’s communication infrastructure. Your browser does not support the video tag. Falak startups supports Egyptian entrepreneurs by investing in and mentoring startups throughout their journey to address their business needs and foster their growth. Their 6-month acceleration program provides entrepreneurs with the necessary tools, resources, and networks to develop their strategies and expand their businesses. Found inside – Page iReveals how to successfully conceptualize new business opportunities, pivot as required to experiment with these opportunities, and accelerate to the marketplace Captures the capabilities needed to quickly build a business by understanding ... They don’t take any equity as there’s no money involved but seem to offer good level of support to participating startups. Startup Arabia captures the untold stories of the high-tech entrepreneurs in the Middle East who are creating one of the most vibrant and fertile tech hubs in the world today. The entrepreneurial nature of the Egyptian economy is also due to the large and educated … 1.1.1. View special entities like unicorns, exits, and pantheons with the Egypt. Established in 2015 as the evolution of the Entrepreneurship and Innovation Program (EIP), the Center for Entrepreneurship and Innovation (CEI) was advanced as a catalyst for Entrepreneurship in the Arab region. Intro to Egypt’s Startup Ecosystem • Most growth since 2010 • Accelerated after Jan 2011 revolution • Main players: local, regional, and global • Top Universities: Cairo University, Ain Shams, American University in Cairo, and Alexandria University (engineering, public vs. private) • Key Locations: Greek campus, Smart Village, etc.. Falak is a government run accelerator that invests in early-stage startups, and was established to give the startup industry in the country a much needed shot in the arm. In Alexandria, IceAlex is one of the leading spaces in terms of activities and events they organize and one of the beautiful spaces of the country, G Space, is located in El Gouna. Startup Guide Japan, our second country book, takes a detailed look at the startups, founders, programs, investors and schools which are tackling important issues related to sustainability and social impact. Nouran Rabie and Nada Medhat. The stock outpaced the S&P 500’s daily loss of ... Family businesses are made up of complex webs of personal and professional relationships that are precariously entangled. Found inside – Page 11Some companies like KarmSolar in Egypt are taking advantage of ... Chapter 5 : All the elements of a high-performance ecosystem are being put in place. Startup-focused news and research company Disrupt Africa has announced VC firm Global Ventures and startup accelerator AUC V-Lab have joined Egypt’s Information Technology Industry Development Agency (ITIDA) as partners for the open-sourcing of the “Egyptian Startup Ecosystem Report 2021”. To do so, it has teamed up with ITIDA , which aims to develop the local Egyptian IT industry via custom-tailored programmes, policy advice and implementation, and … The educational quality of its universities, as well as the facilities of its public universities to start an ... Just in time for Halloween, the Space Force has released photos of the prototype for its new uniforms, which many are pointing out look more like a costume than an official outfit. Due for release in the next few weeks, the report will be a deep-dive into the Egyptian startup scene, utilising Disrupt Africa’s datasets, expertise and networks to document what startups are doing what in Egypt, who is making investments, who is providing ecosystem support, and … Details here. 03/08/2021. Egyptian startups are grabbing the spotlight globally and within the region. Creating a collaboration platform between Governments, Investors, Startups and Ecosystem enablers. Argineering’s Team, a startup that FAC invested in, at their office. The main event is replete with workshops on product design, company incorporation procedures, legal issues relating to startup investing, fireside chats on technology and building hospitals of the future, pitching competitions for startups, and 1-to-1 meetings. You can unsubscribe from our communications at any time. Newly formed Alex Angels has made only one investment so far and there have been announcements of couple of more angel groups including one by the American University in Cairo but they’re not really active yet. “Egypt didn't get this far by luck as the government has been giving unprecedented support to further boost the Startup ecosystem and help its youth kickstart their technology and innovation-driven entrepreneurship and accelerate their growth; capitalizing on many advantages and the right mix of strengths the country enjoys”, Mahfouz noted. Ecosystem in Egypt from a Start-up Perspective: Challenges and Opportunities Heba M. Zaki and Nahed T. Zeini EMNES Working Paper No 24 / April 2019 Abstract The purpose of this paper is to present a descriptive analysis of start-ups in Egypt and the related ecosystem, relying on a unique survey. Startup Weekend, the book, contains best practices, lessons learned, and empowering examples derived from the organization's experiences for individuals and small organizations to follow as they launch businesses. – ... Adobe Systems (ADBE) came out with quarterly earnings of $3.11 per share, beating the Zacks Consensus Estimate of $3 per share. Africa is now a part of the largest, independent startup ecosystem awards platform in the world. Related Items angel investors Beirut beirut digital district brella Careem crunchbase disrupt egypt entrepreneurship eventtus facebook fb start featured investors lebanon MENA middle-east north africa prize startup battlefield startup battlefield mena startup ecosystem startups tech techcrunch technology United States Educate: The talent and energy is there, the need is now to develop it, refine it, so it can grow. It has been almost eight months since I last visited Egypt but I continue to engage with different stakeholders of the local tech startup ecosystem online so I have a decent idea of what’s going on there. We treasure this fact and back it. When they collaborate, innovation is ignited. The publication is an estimated in-depth analysis detailing the dealings of the Egyptian startup Ecosystem: "who is investing?”, “Who is a part of or supporting the ecosystem?”, … This is the ... Bhavish Aggarwal, Ola’s founder, made history when he announced an all-women workforce factory. I agree to receive Startup Wise Guys newsletters until further notice. Home to countless investment opportunities, and millions of ambitious youthful dreams, Egypt currently boasts one of the fastest-growing startup ecosystems in the MENA region. The SEMED region includes Egypt, Jordan, Lebanon Morocco, Tunisia, and the West Bank and Gaza. In partnership with Global Entrepreneurship Network (GEN), the Report will be introduced by JF Gauthier of Startup Genome and Jonathan Ortmans of GEN. Algebra Ventures, the largest Egyptian fund ($50 million) that was announced made few investments last year and has been active this year as well, investing in La Reina & POSRocket. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. What to Know About Second Chance Hiring and Why It Could Help Solve Your Labor Problems, Users Notice Unusual Activity on Brian Laundrie's Spotify and Instagram Profiles, 53% Of Businesses In India Have Not Come Close To Realize Their Digital Transformation Goals: Report, Jeff Bezos, Boris Johnson Meet During UNGA, ByteDance Caps Screen Time for Kids in China, Let's Celebrate Ola's All-women Factory, But That's Just a Start, AmEx and U.S. Black Chambers Roll Out First-Ever National Certification Program for Black-Owned Businesses, Miami Votes to Get Over $5 Million from MiamiCoin Cryptocurrency, Do you want to digitize your SME? – Zacks ... Texas Instruments (TXN) closed at $192.96 in the latest trading session, marking a +0.19% move from the prior day. But opting out of some of these cookies may affect your browsing experience. A15 that has some very promising startups in its portfolio and continues to stay active with an investment here and there. In addition to leaders of different high-growth businesses from different industries, the organization has many tech entrepreneurs in their network as well including the founders of Eventtus, Vezeeta, and Bey2ollak. Investors join the network based on recommendations from existing members. We use cookies on our website. Startup Guide is a publishing and media company that produces guidebooks and online content to help entrepreneurs navigate in different startup scenes across the world. 17 Ways to Manage Work Anxiety, See Details: You Will Survive: 8 Strategies to Overcome New Entrepreneur Anxiety, See Details: CDMX vaccination, what you should know about the second dose, See Details: UNAM returns to face-to-face classes, See Details: Pfizer goes for authorization to vaccinate children from 5 to 11 years old, See Details: The United States will request the COVID vaccine to enter the country from November, See Details: The CDMX enters a yellow traffic light: Shops will operate normally, See Details: Now you can convert any image into a sticker directly from WhatsApp. Found inside – Page 1Peace through Entrepreneurship offers a nonmilitary, long-term solution at a time of disillusionment with Washington’s “big development” approach to unstable and underdeveloped parts of the world—and when the new normal is fear of ... and have a fintech track.They offer funding up to 20K EGP for winning teams with 0% equity.AUC V-Lab runs two cycles per year. Egypt is becoming the fastest-growing startup ecosystem in the Middle East and North Africa (Mena) region. See Details: Frustrated by Your Outdated Phone Plan? “Egypt didn't get this far by luck as the government has been giving unprecedented support to further boost the Startup ecosystem and help its youth kickstart their technology and innovation-driven entrepreneurship and accelerate their growth; capitalizing on many advantages and the right mix of strengths the country enjoys”, Mahfouz noted. Techne Summit, in fact, returns for its fifth edition in Alexandria, Egypt, at the end of the week, with topics of discussion ranging from healthtech, e-commerce, and fintech, to retail, marketing and media technology, among others. At the heart of every ecosystem is a propeller. Found inside – Page 818country secured 1st position in Startup Ecosystem Ranking 2019 released by StartupBlink? ... (a) Indonesia (b) Malaysia (c) Nepal (d) Egypt ... Our program consists of two different tracks, a General track for tech-enabled startups and a Fintech track designed for startups operating in … Investing in promising, early stage companies with a strong business case, inside and outside of Egypt, focusing  on seed stage investment. Melinda French Gates is paying special attention to the Tokyo Olympics this week as her future son-in-law represents Eqypt in equestrian competition.
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