Egypt is preparing to launch a national Startup Charter and a targeted support programme for high-growth companies, as part of efforts to strengthen the country's entrepreneurship ecosystem and attract investment, Prime Minister Moustafa Madbouly said Monday. Speaking at a meeting of the Ministerial Group on Entrepreneurship, Prime Minister Madbouly stressed the government's focus on creating a supportive environment for startups to drive sustainable economic growth and enhance Egypt's position as a regional innovation hub. "We are working to maximise the impact of entrepreneurship on economic development and to position Egypt as a key player in the global startup ecosystem," the prime minister said. Startup Funding Surges in Early 2025 Planning and Economic Development Minister Rania Al-Mashat presented new data showing Egypt's startup sector attracted $228 million in investment across 16 deals in the first five months of 2025 — a 130 per cent increase from the same period in 2024. Proptech led in total investment, accounting for 33 per cent of funds raised, while fintech topped deal count with five transactions, representing 32 per cent of disclosed investment. Startup Charter to Unlock Growth, Ease Regulation Minister Al-Mashat also outlined the upcoming Startup Charter, developed through a participatory process involving government and private-sector stakeholders. The charter aims to build trust between startups and the state by establishing clear regulatory frameworks, simplifying government procedures, and enhancing access to infrastructure, funding, and talent. It will also define what qualifies as a startup in Egypt, and introduce a suite of incentives, including non-tax benefits, to encourage innovation and expand participation in public projects. Programme to Support High-Growth Ventures The government is also finalising a new programme targeting high-growth startups with strong investment potential. The initiative will offer tailored guidance through a dedicated advisory team, support strategic partnerships, and connect companies with international investors. The programme will include pitch events, networking opportunities, and participation in local and global business forums. Officials say the goal is to increase visibility of successful Egyptian startups, build global investor confidence, and reinforce Egypt's image as an emerging hub for entrepreneurship. The ministerial meeting included several key members of the Cabinet and heads of financial and regulatory agencies, reflecting the government's whole-of-government approach to nurturing the startup economy. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
