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Egypt's entrepreneurs will rise up with a bang

RiseUp Egypt is around the corner - here are some of the opportunities that await entrepreneurs.

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In Egypt’s first entrepreneurial summit, RiseUp plans to bring

members of the ecosystem together to provide opportunities for startups.

In a press conference yesterday, initiator and organizer Abdelhameed

Sharara stated that over 2,000 entrepreneurs and change-makers are going

to join the buzz, with the help of eight key institutions.




sharara

Abdelhameed Sharara, founder of RiseUp Egypt




The event will take place at the GrEEK Campus, which is widely known as

"AUC West ElBalad" - an image that Sawari Ventures founder and Chairman

Ahmed El Alfi is planning to change in the coming years, by turning the

facility into Egypt's very own Silicon Valley. "In 2 - 3 years, this will

be the Arab World's and Africa's entrepreneurship headquarter; and since

RiseUp Summit is aiming at the same goals as we are, we are proud to host

it here," the founder of the GrEEK Campus said. El Alfi also explained

that the location of the venue is very convenient, since half of Egypt's

population (40 million people) are able to reach it in about an hour and a

half.




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Steve Haley (left) and Ahmed El Alfi (right)




When hearing the words 'entrepreneurship' and 'startups', many people

automatically think of funding, investment and money. But this is only one

side of the ecosystem's needs, Country Representative of MercyCorps Egypt

Steve Haley believes. "As one of the key organizers of the event, we

believe that it is vital to bring all members of the ecosystem together.

Entrepreneurs do not just need money; they also need a network, partners,

advice and support - something that RiseUp Egypt is promising to offer,"

he elaborates. MercyCorps supports IT and agriculture startups that help

the less privileged segment of Egypt's population.




The road to the top is tough. Many startups all over the world fail and

disappear, but a respectable number of them turn into high-impact

businesses. Endeavor Egypt takes pride in supporting the country's high-

impact entrepreneurs, such as TBS, Diwan Bookstores, Azza Fahmy Jewellery,

Enigma and Mashaweer. Being a hub for success stories, the organization is

setting up a stage to "eNSPIRE" and spread a notion of hope and support

amongst young startups. "We are happy to help with the execution of RiseUp

Egypt and letting our entrepreneurs share their success stories with the

rest of the ecosystem." Heba Gamal, Managing Director of Endeavor Egypt

stated during the press conference.




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Heba Gamal (left), Dina El-Mofty (middle), Dr. Sherif Kamel

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Startups need to be able to showcase their products and services in

order to catch the attention of potential investors - an opportunity that

will be provided by Injaz Egypt. By organizing a trade fair with 50 booths

at RiseUp Egypt, Injaz is fulfilling its goal of turning the country's

youth from being an economic burden to being an economic resource. "We are

trying to spread the entrepreneurship culture and fill the gap between the

education system and the job market's needs. We are proud that RiseUp

Summit is a graduate of one of our programs," Dina El-Mofty, Executive

Director of Injaz Egypt said.




Pinpointing the importance of education, the American University in

Cairo's Entrepreneurship and Innovation Program is also a key organizer of

the summit. "Egypt's future lies in its education and private sector," Dr.

Sherif Kamel, the dean of AUC's School of Business stated at the press

conference. "RiseUp Egypt is promoting human resources and trying to give

the country's youth a chance. Investment in education, innovation and

entrepreneurship will have a tangible effect on the future of social and

economic growth in Egypt," he added.








The MIT Enterprise Forum will also help out at the summit, by

organizing one-hour panel discussions about challenges facing

entrepreneurs in Egypt. Hala Fadel, the Chair of MIT Enterprise Forum in

the Pan-Arab Region, believes that Egypt has courage, energy and great

ideas - a combination that the RiseUp Summit has embodied and used

efficiently to connect entrepreneurs on a wide scale.




Additionally, Flat6Labs is offering mini-workshops to attendees, which

will be helpful when the latter move on to the pitching event organized by

Cairo Angels, where the best startups have a chance to pitch-fight for a

chance to meet Egypt’s top Angel investors. Other activities include Pitch

and Ride, where entrepreneurs get a chance to ride a taxi with an investor

and pitch their idea while the car drives around Tahrir Square and Wamda's

Pitch n' Mentor, in which startups will learn to perfect their elevator-

pitch. Also, watch out for the RiseUp Ideathon.




When asked about potential security risks due to possible turmoil in

the area, Sharara replied: "If we all sit at home because we are scared,

we will never reach anywhere." After the summit, he is planning to tour

Egypt's governorates and expand the event to become RiseUp MiddleEast or

even RiseUp Africa.