Egypt's Ministerial Entrepreneurship Group concludes discussions on startup definition

The group, chaired by Minister Al-Mashat, aims to enhance the capabilities of startups and the broader entrepreneurial ecosystem to achieve sustainable economic growth through competitiveness and innovation.

During the group's meeting, Al-Mashat emphasized that working groups had held intensive sessions over the past period to discuss various proposals and recommendations from key sector stakeholders, including startups and investors.

She also highlighted that these discussions would culminate in creating a comprehensive startup charter, which is being finalized.

This charter will be a roadmap to bolster investor confidence in Egypt’s startup ecosystem. It will also provide a clear path to sustainable growth and development for emerging businesses.

Moreover, it establishes a legal structure that encourages venture capital investment and enables startups to benefit from facilitation packages and incentives, which will be announced soon.