The meeting focused on the "Egypt Startup Charter," a strategic roadmap developed by the Ministerial Group for Entrepreneurship to provide tailored support for tech companies at every stage, from initial ideation to large-scale expansion and market exit.
Prime Minister Madbouly emphasized that startups are the
"primary engine of growth" and a central pillar for human development
and innovation across Egypt’s economic sectors.
Minister Al-Mashat detailed the specific policy shifts
intended to bridge the gap between early-stage startups and scaleups, mature
companies ready for regional or international expansion.
"The Startup Charter establishes an integrated
framework to foster growth and employment," Mashat said. "We have
consulted with private sector leaders to ensure these policies reflect the
actual needs of the market."
The Ministry outlined a suite of upcoming tools aimed at
streamlining the business environment for entrepreneurs:
Unified Definition: A standardized legal classification for
startups to simplify regulation.
The "Navigator" Guide: A unified government
directory for all services available to tech firms.
Entrepreneurship Observatory: A data-driven platform to
monitor the sector’s performance.
Unified Financing Initiative: Streamlined funding mechanisms
for growing companies.
The government highlighted several recent steps taken to
improve the legislative environment:
Regulatory Cleanup: An agreement between the Micro, Small,
and Medium Enterprises Development Agency (MSMEDA) and the "ERADA"
initiative to refine legislation.
Digital Investment: The Financial Regulatory Authority (FRA)
recently approved the first digital platform for investing in real estate
funds.
Fiscal Incentives: Finance Minister Ahmed Kouchouk confirmed
that the government is studying new tax and fiscal incentives specifically for
the tech sector and productive industries.
Egypt's push to formalize and support the digital economy comes as the country seeks to position itself as a regional tech hub in the Middle East and North Africa.