Egyptian Government Strategic Startup Charter to Launch in Early 2025
The government is targeting $5 billion in startup investments, up from the current figure of around $500 million.
The Egyptian government is set to introduce a strategic startup charter in the first quarter of 2025, as announced by Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, at Hapi Journal’s Economic Conference.
The charter aims to provide a roadmap for enhancing the entrepreneurship ecosystem, including strategies to boost innovation and collaboration between startups and government entities.
Spearheaded by the Ministerial Committee for Entrepreneurship, the initiative targets raising startup investments from $500 million to $5 billion, understanding the sector’s critical role in economic growth. To achieve this, the committee will engage stakeholders through technical committees and working groups to ensure cohesive action.
In tandem, MENA business consultancy UVAII Venture Studio announced plans to expand its footprint in Egypt, Saudi Arabia, and Bahrain, focusing on gaming, edtech, and sports tech. With investments ranging from $100k to $600k per startup, UVAII aims to support early- and growth-stage ventures, particularly in underserved regions like Upper Egypt.
