The Startup Ecosystem of Egypt

Egypt has 1 city in the top 1000 and is one of Northern Africa’s best countries for setting up a startup.


Since 2023, Egypt lost 2 spots in the Global Startup Ecosystem Index, having now positioned itself as 67th worldwide.



Regional Ranking

In Northern Africa

Global Ranking



Startup Ecosystem Overview

white and blue boat on water near city buildings during daytime
Egypt’s startup ecosystem is one of the strongest in North Africa, dominantly led by its capital’s ecosystem, Cairo. The Egyptian ecosystem displays great potential, given the sheer size of the Egyptian market and population of over 110 million people. Egypt also offers entrepreneurs and foreign companies access to skilled and affordable talent. In 2023, Egypt achieved a major milestone by creating its first unicorn, MNT-Halan.

Entrepreneurship, VC funding, and startup related policies have been increasing in recent years, making Egypt an attractive country for investment. Tech incubators and global accelerators have had a positive effect, resulting in the rise of the tech sector and, most notably, Ecommerce startups.

The country has several VC firms and government support initiatives offering funding to startups, including Egypt Ventures, a government-backed VC. It is assisting technology-based startups that contribute to an innovative ecosystem. Nclude, the latest fund for fintech supported by Egypt’s largest banks and Global Ventures, will provide an additional influx of investment in the country’s tech sector.

The Egyptian startup ecosystem can extend its success by encouraging an entrepreneurial mindset and pursuing regulatory improvement. The rate of startups participating in accelerator or incubators programs is increasing, and it’s encouraging to see the public sector supporting this through initiatives such as TIEC. While entrepreneurship is on the rise, the hi tech scene is still male-dominated, and could benefit from increased participation of female startup founders. As far as challenges go, the Egyptian public sector should continue removing bureaucracy and red tape, and enact reforms to allow for the growth of the local startup ecosystem.

Egypt has long had a strong business culture, and we are seeing this reflected in the startup scene. The recent improvement in internet quality should also be commended, as critical infrastructure is continuing to be deployed in the country. The Egyptian startup ecosystem is a clear economic engine for this leading African nation, and we hope to see more innovative startups emerge from Egypt.


Egypt Top Startup Industries

Energy & Environment icon
Energy & Environment
#42 worldwide

70 startups

Transportation icon
#42 worldwide

55 startups

Foodtech icon
#49 worldwide

38 startups

Ecosystem HealthCheck

Egypt Ecosystem Health Check

The health check tables allow you to look at the performance Egypt has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
ParameterParameter Global rankParameter rank change since 2022ResultContribution to total scoreRank gain / loss due to parameter
Total Score67-21.638100%0
Quantity Score59-20.4426.87%1
Sample size of startups46-222225.73%0
Sample size of accelerators38-397170%0
Sample size of coworking spaces3101740%0
Community Score73N/A0.0191.15%0


Browse the startup ecosystem database of Egypt


The Startup Ecosystem in Egypt

Our startup ecosystem map for Egypt includes a sample of 269 tech companies. We have identified as unicorns 1 startups that have passed the USD 1 billion valuations.

Global Rank

Egypt is ranked within the top 100 startup ecosystems globally.

Top Industries

Egypt’s startup scene is best represented in Energy & Environment, Transportation, and in and Foodtech.

Top Cities for Startups in Egypt - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
2023 National Rank & Change ▲
2023 National Rank & Change City
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Global Rank & ChangeTotal Score
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Quantity Score
Quality ScoreBusiness Score
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Notable Startups in Egypt
Paymob startup icon
Halan startup icon
elmenus startup icon


Successful Energy & Environment startups in Egypt
Dana Gas startup icon
Dana Gas
Dawarha startup icon
Bekia startup icon

Featured Startup Ecosystems

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