START UP VALUE PROPOSITION 2024

A VIBRANTECOSYSTEM

WHERE INNOVATION THRIVES
Cairo is no ordinary city, thanks to its abundance of talented individuals who are passionate about innovation and entrepreneurship, boasting alarge pool of skilled workers who are well-educated in technology, engineering, and data analysis. This pool of talent has fueled the city's robust
tech industry and well-established support network, making Cairo an attractive destination for both established companies and start-ups.

60%
Foreign Investors across over500 start ups

20+

1stStartup Funding

In deals closed according toMagnitt’s 2022 Egypt Venture
Capital Report, most in the MENA
region with 160+.

20+ Spots

Innovation Hubs and Coworking spaces

Cairo jumped 20 spots in theEmerging Ecosystems ranking in2022.

Top 155thGlobal Emerging Startup Ecosystemin Funding

Straight year with positive growthin start up funding$190 M

$502M

$605M

2020

2021

2022

WHERE INNOVATION THRIVES
Egypt has one of the fastest-growing startup scenes in the MENA region and is becoming a global competitor. According to a report from Startup
Genome, Egypt is in the top ten global ecosystems with affordable talent and has a total ecosystem value of over $1.2 billion. The start-up
ecosystem has expanded to several subsectors such as e-commerce, fintech, and health tech. Startups in these sectors are developing innovative
solutions to address challenges in their respective industries and driving economic growth and innovation in the country.

Startup Genome Rankings

Subsector Strengths:

Top 3
MENA ecosystem in Talent andExperience

Top 3
MENA ecosystem in Funding

2ndMENA Startup Ecosystem inKnowledge

FintechIn 2022, Egyptian FinTech startups
attracted $796.5 million in investments,
with $437.7 million in private equity
and $358.8 million in venture capital a 28.7-fold increase over three years.
The sector has gained significant
attention from regional andinternational investors, reaching nearly
50% of total surveyed investments
since 2020.
Egypt's FinTech ecosystem has grown
more than fivefold in the last five years,
now comprising 177 startups andPSPs across 14 sub-sectors. Notably,
30% of them have expanded into
regional and global markets.

E-commerceThe E-commerce market has
emerged as a significant player,
currently ranking as the 41st largest
globally, and it's poised for furthergrowth. In 2022, online purchases
accounted for 3.4% of Egypt's total
consumer spending, and this share is
projected to grow to 4.5% by 2025,
indicative of the increasing trust andreliance on digital shopping channels.
A remarkable 17.6% of fundedstartups in Egypt operate within theeCommerce sector, demonstrating
the sector's substantial presence andattractiveness to investors andinnovators alike.

Logistics & TransportationEgypt currently has around 80
transportation initiatives in thepipeline, encompassing endeavors
such as port enhancements, marinepassenger terminals, and versatile
multi-mode transport systems.
Collectively, these endeavors are
anticipated to require an investmentof approximately $6.6 billion. To
bolster Egypt's logistics andtransportation sector and promote
the transition to low-carbon
transport, the World Bank has given
the green light to a $400 million
agreement.

2022 RECAP

93.6%
of Egypt’s tech startups
are from Cairo

The year 2022 witnessed the fintech
sector surging to prominence as thedominant industry, a noteworthy 19.8%of the startups that secured funding,comprising 26 companies, belonged to thefintech sector. This impressive shift in
focus shook up the established hierarchy,
with e-commerce and retail tech, which
had traditionally held the top spot in
Egypt, taking a backseat and securing thesecond position with 17.6% of the funded
companies, totaling 23 in number.

FOSTERING ENTREPRENEURSHIP
Egyptian startups stand out as the frontrunners in Africa's entrepreneurial landscape when it comes to acceleration. An astonishing 38.6 percentof these startups have actively participated in a range of acceleration or incubation programs, a statistic that sets them far apart from theirregional counterparts. This robust ecosystem of support has propelled many enterprises toward success. The Egyptian startups have ventured
into the global arena by participating in renowned international accelerators such as Y Combinator, or 500 Startups. This international exposure
has enriched their experience and positioned them as noteworthy global tech and startup ecosystem players. The success of Egyptian startups,
both domestically and on the world stage, underscores the country's growing prominence in the world of entrepreneurship and innovation.

Incubators and Accelerators

ABOUT TIEC
TIEC, the Technology Innovation and Entrepreneurship Center, is a dynamic hub at the forefront of technological advancement and entrepreneurialempowerment. Our mission is to catalyze innovation, nurture creative minds, and drive economic growth through cutting-edge technology andentrepreneurial initiatives. TIEC serves as a vibrant ecosystem where innovation, technology, and entrepreneurship converge to createtransformative solutions and drive forward-thinking ventures. Our objectives are rooted in providing support, resources, and a collaborative space forstartups, inventors, and innovators to flourish. With a focus on fostering innovation, nurturing talent, and igniting the entrepreneurial spirit, TIEC isdedicated to shaping a brighter, technologically empowered future.
Egypt's supportive government has played a crucial role in creating a more lucrative business landscape in recent years by implementing businessfriendly laws and initiatives to attract foreign investment, support more start-ups, and improve the ease of doing business in the country.

EMPOWERING ENTREPRENEURSHIPITIDA’s Technology Innovation & Entrepreneurship Center acts as a catalyst for the entrepreneurial ecosystems in the Egyptian Market. TIEC
provides end-to-end support such as raising awareness in universities and ideation camps, and pre-incubation/incubation programs such asproviding office spaces, seed funding, mentoring, and networking. Marketing and connecting with international/regional VCs, International
Events program, supporting startups participation within Egypt’s pavilion in events such as CES, Web Summit, GSMA’s 4YFN, and GITEX, and a
dedicated “She” program supporting early-stage women entrepreneurs operating in the ICT industry.

498424Trainees

6944
Ideas

11518
Entrepreneurs

2054
Startups

59953
Jobs

397
Startups

251
SMEs

45
M. USD14
2 Clusters / 12 Hubs

1447
579 Entities/868
Individuals

BEYOND THE CAPITALThe Creativa innovation hubs are located inside 9 universities in 6 different governorates highlighting the important role both universities andgovernments play in encouraging entrepreneurship and innovation among the community. These inviting spaces are ideal for ideation,interacting with mentors, co-working and team meetings, networking events, workshops, venture demos, and product launches, as well as othercollaborative activities.

Mansoura

Ismalia

Monoufia
Sultan Hussein
Palace
Giza

Minia

Sohag

Qena

Aswan

12 UniqueCo-working
Spaces andgrowing

Sohag

Qena

Mansoura

Aswan

Giza

Monoufia

Minia

Ismalia

Sultan Hussein Palace

CONTACT US
Call us:ITIDA, the ultimate hub for kickstarting and supporting start-ups in Egypt.
Our mission is clear: to ignite the startup scene, elevate skill sets, expand IT
exports, and open up new markets for micro, small, and medium-sized enterprisesin the tech sector.
At ITIDA, we're not just shaping the future of tech in Egypt; we're empowering
startups to take on the world.
Join us in this exciting journey, and let's build the future of tech together.

16CIT 16248 (Sun - Thu from 9:00 AM - 5:00 PM)+202 3534 5022
Address:
Building number B121, Cairo-Alex Desert Road, Smart Village, Giza
Postal Code: 12577
For latest updates and better interaction, follow ITIDA on social media:
https://www.facebook.com/itidaegypt
https://www.linkedin.com/groups/988927
https://twitter.com/ITIDA