Fadi Antaki, CEO of A15, says that entrepreneurship and startups in Egypt will grow in 2017, noting that the recent economic conditions have pushed many youth towards innovative thinking. In Taiwan alone, there are 250 venture capital companies that inject over $5bn per year into startups. According to the Global Entrepreneurship Index, Egypt is ranked 81st among the world’s countries in terms of entrepreneurship. Antaki said that venture capital firms look for certain conditions in prospect startups, including the provision of solutions to community problems. According to Assaad, entrepreneurship is mainly based on providing innovative solutions using technology.

Source: Daily News Egypt January 21, 2017 14:13 UTC