The Government of Egypt has officially launched "Egypt's Startup Charter," marking a major shift in the country's approach to supporting startups, entrepreneurs, and innovators. The Charter is the result of more than a year of consultations involving 15 national entities and over 250 representatives from the startup community, venture capital sector, and parliamentary councils, under the Ministerial Group for Entrepreneurship.
The launch event took place alongside the 13th annual RiseUp Summit for Startups, in the presence of Prime Minister Dr. Mostafa Madbouly, Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation and Chair of the Ministerial Group for Entrepreneurship, and other government officials and ecosystem stakeholders. The initiative aligns with directives to strengthen support for startups as a driver of economic development.
Strategic Roadmap for GrowthThe Charter sets out a five-year roadmap aimed at strengthening the entrepreneurship ecosystem, enabling up to 5,000 startups, and contributing to the creation of approximately 500,000 direct and indirect jobs. It seeks to achieve sustainable economic growth based on competitiveness, knowledge, and innovation, while also accelerating startups' expansion into international markets and encouraging venture capital investment.
