UK embassy in Cairo launches 'StartEgypt' with EGP 47 mln grant for Egyptian entrepreneurs

The British embassy in Cairo this week launched a new initiative called “StartEgypt,” with a grant of EGP 47 million, which aims to provide young Egyptian entrepreneurs with the training and financing to get their businesses off the ground.

In an official statement released on Thursday, the embassy said the initiative was powered by the country's flagship and regional accelerator programme Flat6Labs, and in partnership with World Bank Group member International Finance Corporation (IFC).

Held at Downtown's entrepreneurs' hub the GrEEk Campus, the initiative was launched with its three themes of “Ideate”, “Build” and “Accelerate”.

According to the embassy, the themes were all designed "to form a comprehensive programme that will support Egyptian entrepreneurs from their initial idea stages all the way through to developing and scaling market-ready business solutions or products."