Xmatch attracts over $20 mln in potential investments for Egypt’s SMEs, startups

Powered by Exits MENA and ECNSYS+, the first-of-its-kind initiative took place over two days to foster a dynamic investment ecosystem and offer SMEs access to funding opportunities.

The event facilitated connections between 40 startups and SMEs spanning 16 industries and over 60 investors, venture capitalists, and banks.

Out of over 1,000 applicants, a curated list of 40 startups and SMEs were selected to receive tailored investment readiness training.

This comprehensive training programme, conducted in collaboration with the business school of Knowledge Hub University and Coventry University, equipped the chosen participants with skills and insights essential to attract investment and thrive in today's competitive market.

"About 43 percent of Egypt's SMEs in 2023 are optimistic about their growth prospects, indicating a robust recovery and a conducive environment for entrepreneurial ventures," said the statement.