To support startup success, GAFI CEO Hossam Heiban explained that “the zones will house supporting institutions for startups in consulting, marketing, and legal service.”
According to Magnitt's FY 2024 venture investment summary report, Egyptian startups raised a total of $329 million across 78 funding rounds/deals
With four Egyptians listed among the Top Venture Capitalists (VC) in the region according to Forbes ME, Egypt maintains its upward trajectory in strength and presence on the regional VC stage.
The committee, established under the directive of PM Mostafa Madbouly, aims to enhance the capabilities of local startups and create a favorable environment for sustainable economic growth driven by competitiveness and innovation, contributing to the creation of decent job opportunities.
African startups left this year’s Global Startup Awards (GSA) finals with 4 awards, including an Egyptian startup, celebrated for their vision, resilience, and contributions to advancing technology and entrepreneurship on a global scale
