News

Cairo Listed Among Top 10 Cities Worldwide to Launch Startups

Cairo Listed Among Top 10 Cities Worldwide to Launch Startups

Cairo-798x350

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


News

More in News

Mohamed Salah Stands by Controversial Amr Warda Comments in New CNN Interview

Egyptian StreetsAugust 20, 2019

Egyptian Eco-Startup and Banque du Caire Launch Campaign to Clean Up Sahel’s Beaches

Egyptian StreetsAugust 20, 2019

Baron Palace Will Open its Doors in October 2019

Nour EltiganiAugust 19, 2019

Egypt’s Handball Champions Awarded Just $90 Dollars for Historic Victory by Federation

Egyptian StreetsAugust 19, 2019

Egypt U19 Handball Team Beat Germany to Become World Champions

Egyptian StreetsAugust 18, 2019

This Year’s Round of ‘ProGirls’ Initiative Begins in Cairo and Alexandria

Egyptian StreetsAugust 18, 2019

First Time Ever: Egypt Reach U-19 Handball World Championship Finals

Egyptian StreetsAugust 18, 2019

Cairo University Jumps 100 Ranks in 2019 Shanghai Academic Ranking

Egyptian StreetsAugust 17, 2019
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.

© 2017 Egyptian Streets. All Rights Reserved.