Egypt government extends a helping hand to local startups

19 May 2024

Madbouly called on startups to come up with a clear proposal for the incentives they want to see

STARTUPS - Tech startups are on the government's whitelist: The CIT Ministry has launched a whitelist system for tech startups and emerging tech firms to help facilitate the process of importing essential production components and inputs, according to a ministry statement. The whitelist comes as part of the ministry's efforts to help facilitate the process of launching startups, CIT Minister Amr Talaat said.

Gov't to launch platform for startups within days: The government is set to roll out a unified platform for startups within days, Prime Minister Moustafa Madbouly told entrepreneurs and investors at the RiseUp Summit, according to a cabinet statement. The platform could be managed by the private sector.

Ears to the ground: Madbouly called on startups to come up with a clear proposal for the incentives, procedures, and government action that would help turbocharge the sector.

Background: Information Technology Industry Development Agency (ITIDA) Vice President Hossam Osman had told the local press back in February that the CIT Ministry would soon roll out a digital platform to serve startups. The platform will offer the full range of government services extended to startups, spanning establishment to marketing, according to Osman.
Source: Enterprise

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