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

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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.

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The Startup Ecosystem in Egypt

Our startup ecosystem map for Egypt includes a sample of 222 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 ▲
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2023 National Rank & Change City
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Notable Startups in Egypt
Paymob startup icon
WUZZUF startup icon
elmenus startup icon


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


Startups Ranking by Industry

Energy & Environment icon
Energy & Environment
#42 worldwide

On our map, you can explore a total of 57 startups for Energy & Environment.

Transportation icon
#42 worldwide

In Northern Africa, Egypt's Transportation is in top 42. Egypt has a concentration of about 41 of the region's total Transportation startups that are represented on our map.

Foodtech icon
#49 worldwide

Egypt's Foodtech is ranked 49th in the world. Our database contains 33 for this industry.

Featured Ecosystem Portals

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