Egyptian tech startups are Africa’s “most accelerated”, report finds
Egyptian startups are essentially the most accelerated in Africa, with 38.6 per cent of them having taken half in some form of acceleration or incubation programme.
That’s in response to the newly-released Egyptian Startup Ecosystem Report 2021 from Disrupt Africa, which dives into the native ecosystem by analysing energetic startups, native help networks, and funding and exit exercise over the past seven years.
The primary geographically-focused publication launched by the corporate, the report is made potential by help from key companions the Info Know-how Trade Improvement Company (ITIDA) and World Ventures. Different supporters of the report are AUC Enterprise Lab (V-Lab) and Quona Capital.
A key discovering of the inaugural report is that, of the 562 startups tracked and analysed, nearly 40 per cent of them have taken half in some type of accelerator or incubator programme.
“It is a outstanding statistic, and one which dwarves any of Egypt’s key regional opponents,” mentioned Disrupt Africa co-founder Tom Jackson. “What’s simply as spectacular is that these startup help companies are being offered to startups throughout numerous verticals, and are provided by a spread of organisations, from targeted acceleration firms, to authorities entities, to universities, to corporates.
Disrupt Africa counts 37 accelerators or incubators which might be at the moment energetic or have been energetic at factors over the past six years, whereas Egyptian startups have additionally taken half in famend worldwide accelerators equivalent to Y Combinator, 500 Startup, Google for Startups and Fb Accelerator.
Egyptian fintech startups are the preferred with accelerators and incubators, with simply shy of half the 65 fintech firms tracked by the report having taken half in some form of programme. E-health ventures are the following most wanted, with 47.2 per cent accelerated or incubated, adopted by advertising and marketing (47.1%) and recruitment (45.2%).
As with this 12 months’s African Tech Startups Funding Report 2021, which has been downloaded nearly 4,000 instances, and Finnovating for Africa 2021, launched in June and already downloaded 2,000 instances, the Egyptian Startup Ecosystem Report 2021 is accessible to all free of charge, making the information and evaluation contained in its pages accessible to these for whom the knowledge is Most worthy – entrepreneurs.
For extra info or to obtain the report please go to this web page or e-mail Gabriella on [email protected], or Tom on [email protected]