Egypt’s Start-Up Scene: A Different Kind Of Revolution. Egypt’s Start-Up Scene: A Different Kind Of Revolution By Kerning Cultures Opinions differ as to whether the revolutions in Egypt precipitated a culture of entrepreneurship: Some say that gives the revolutions too much credit over the already-growing sentiment among the youth; others believe it directly stimulated a new mentality.
“January 25 [2011] was all about, we can change our destiny,” reflects Con O’ Donnell, angel investor, Sarmady co-founder, and Co-Founder and Business Development Lead at Rise Up. “It gave the youth an enormous amount of confidence to break out of a system that made them apathetic: there’s no point doing it, it won’t work. No point doing it because it’s too bureaucratic.” What is certain, however, is the startup scene in Egypt has grown substantially in the past five years. It used to be that “the idea of starting a business was alien to everyone,” says Con. While the startup ecosystem may be growing, starting a company in Egypt comes with its challenges. Egypt_private_sector1.pdf.
The rising number of female Egyptian entrepreneurs. 18 March 2015Last updated at 20:00 ET By Gaelle Anne Fouere Cairo Sally Sabry (left) and Doaa Zaki say they have not faced any hostility because of their full-face veils Friends Sally Sabry and Doaa Zaki are doubly rare in the Egyptian business community - they are both women and they both wear full-face veils.
With females accounting for only 11% of entrepreneurs in Egypt, according to a recent survey, and only one in 10 Egyptian women being fully veiled, Mrs Sabry, 28, and Mrs Zaki, 27, rather stand out. Yet despite not looking like your typical Egyptian business owners, since 2006 they have built up a successful small company. Despite the wider problems still faced by women in Egyptian society, and the impact of the 2011 uprising in the country, Mrs Sabry and Mrs Zaki's retail business Best Mums has gone from strength to strength.
Continue reading the main story “Start Quote We met people of various levels and backgrounds, without Best Mums we would have never left our community” In Egypt turmoil, start-up firms find ways to flourish. Reuters Tuesday, 23 July 2013 Egypt’s revolutions have been kind to Ahmed El-Kerdany.
The young entrepreneur has raised millions of dollars of funding and kept his business growing through the country’s worst political and economic turmoil in decades. In 2010, he and several friends in the city of Alexandria launched Mashaweer, a service which helps customers avoid the traffic in Egypt’s gridlocked cities by running errands for them. In December that year, the firm began operating in Cairo. Two months later, President Hosni Mubarak was overthrown by mass protests across the country, triggering an economic slump that has not yet lifted.
But Mashaweer has continued to grow, raising $4 million from Egyptian investors and expanding its staff to 300 people, whose orange scooters are a common sight on Cairo's streets. “For some people, the revolution was a disaster for business. But the unrest created opportunities, he said. Economy But such figures do not tell the whole story. Small. Egypt's revolution inspires tech start-ups. 20 June 2013Last updated at 19:20 ET By Jonathan Kalan Cairo Online action: The internet, blogs and social media played a key part in the Egyptian revolution, letting activists communicate with each other as well as tell the world what was happening Egypt's revolution in 2011 proved two incredibly important things for Egyptian youth.
First, that the combined power of the crowd can accomplish anything. Second, that it takes critical networks of communication and collaboration to activate that crowd. While the revolution eventually led to the collapse of a 30-year old regime, it has also had a lesser-chronicled impact - becoming a catalyst for a growing movement of technology start-ups booming across the country. Egypt's swelling mass of young, educated, and enlightened graduates are now working on changing the future of a nation byte by byte, not just brick by brick. Local networking For at least one start-up, the story begins amongst millions of protestors in Cairo's Tahrir Square. HSBC Egypt: Internationally-focused SMEs a key business segment. Paper blogs. Microsoft PowerPoint - AAIM final - AAIM_SME_LPpresentation.pdf. Al-Rowad-Nile Int'l TV.avi.