There is no doubt by now that the startup economy has been rapidly growing over the past few years. According to estimates from the 2019 Global Startup Ecosystem Report (GSER), the global startup economy has generated $2.8 trillion in economic value, seeing a 20 percent increase from before the two-year period. While the major startups are based in the developed economies, many developing countries have recognized the economic transitions taking place and the bigger role technology continues to play in economies, even overtaking oil and gas companies. In Egypt alone, the growth rate of startups reached 7% in 2018, which represents 22% of total startups investment in the Middle East and North Africa. Last week, Changelabs organised their kick-off event in collaboration with Egypt’s Ministry of Investment and International Cooperation incubator Fekretak Sherketak to announce the 10 Egyptian start-ups selected to be a part of their 6-week accelerator program. Changelabs is a program that educates, inspires and ignites young entrepreneurs to ensure that their startup is market and investment ready and can deliver a lasting impact. Over the last ten years, more than 100 startups have graduated from Changelabs program…
Meet the Young Entrepreneurs Who Decided to Ditch Corporate Life For Startups
July 13, 2019
