Cairo Listed Among Top 10 Cities Worldwide to Launch Startups

Cairo Listed Among Top 10 Cities Worldwide to Launch Startups


Cairo has been tapped as one of the world’s top 10 cities to launch a startup, in an interactive map created by Richard Madison, marketing executive of the Brighton School of Business and Management.

According to Madison, whose ranking system was featured on the Forbes website, Silicon Valley, Tel Aviv and Berlin have long been known as the greatest global hotspots for launching startups but “there are so many other fertile places that are beginning to boom.”

Madison’s ranking system takes into account factors such as access to corporation tax rates, registration fees and access to broadband.

In Cairo, Madison says, the startup market has been steadily – albeit “silently” – growing and the startup scene has “exploded” within the last few years, particularly as the 2011 revolution “threw open the doors to freedom in Egypt, giving entrepreneurs opportunities they never thought possible.”

As Forbes notes, economic challenges have not deterred Egypt’s “mass of young, educated and enlightened graduates,” who have relied on accelerators and crowdfunding campaigns such as Flat6Labs.

Beijing topped the list, despite the fact that “the culture in China does not foster entrepreneurship”. However, Forbes noted certain policies and conditions, including tax relief programs and the recent establishment of a fund for startups, that are nudging along the rise of entrepreneurship in the Chinese capital.

Other cities taken note of in Madison’s list include Kuala Lumpur, Warsaw, Moscow, Tunis, London and Bangalore. There are no cities from either of the Americas.

Egypt Looks to Boost Tourism from Israel
Top Teams Withdraw from World Squash Event in Egypt Over 'Security Fears'

Subscribe to our newsletter


More in News

Hepatitis C clinic in Menoufia does research on the causes and treatment of Type 4 Hepatitis C. Credit: Diocese of Egypt

Egypt Makes Progress in Curing Hepatitis C by Reducing Drug Price: WHO

Aswat MasriyaOctober 27, 2016
Photo: UIPM World

Egypt Lands 36 Medals at Modern Pentathlon Championships

Egyptian StreetsOctober 27, 2016
Egypt's President Sisi smiles as young volunteers take a "selfie" with him during the closing session of Egypt Economic Development Conference (EEDC) in Sharm el-Sheikh 15 March 2015 (Photo: Reuters)

Egypt Retreats 52 Spots in Global Youth Development Index

Egyptian StreetsOctober 26, 2016
egypt israel border

Israeli Teen Killed by Gunfire Along Egypt’s Border

Egyptian StreetsOctober 26, 2016
iskandarani alexandrani

Detained Egyptian Nominated for Reporters Without Borders Journalism Prize

Aya NaderOctober 26, 2016
REUTERS/Amr Abdallah Dalsh

Egypt’s Military Likely to Reduce its Role in Egyptian Economy Within 3 Years: PM Ismail

Egyptian StreetsOctober 25, 2016
Photo: Youm7

Egypt’s Interior Ministry Warns Against Schemes to ‘Incite Chaos’ Ahead of Planned Protests

Egyptian StreetsOctober 25, 2016

Egypt’s First National Youth Conference Launched

Egyptian StreetsOctober 25, 2016
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2016 ES Media UG. All Rights Reserved.