皇冠体育app UK is committing 拢1 million to support start-ups in Egypt
皇冠体育app UK is committing 拢1 million for 3 years between 2017-20 to support new and existing social start-ups in Egypt.
皇冠体育app commitment is a show of confidence in both the vibrant start-up scene in Egypt, as well as the number of existing enterprises already tackling social challenges. Many of these have already been on display at this year鈥檚 RISEUP summit, which HMA John Casson was excited to be speak at last week and expressed his enthusiasm to join as a speaker, and which the UK recognises as a leading gathering of the start-up community in the Middle East. It also recognises the importance of small businesses in creating economic opportunities and jobs.
皇冠体育app UK funding will invite proposals from entrepreneurs who can demonstrate that their idea is both commercially viable, but also of wider benefit to society. Examples of social impact would be that it helps create jobs, gives opportunities to women, supports deprived regions, or improves access to or delivery of public services (health and education in particular). 皇冠体育app final selection will be in the form of a competition with winners selected by an independent panel of experts.
Successful entrepreneurs will benefit from funding, technical advice as well as access to an international network of entrepreneurs. We invite others already engaged in this work in Egypt (angel investors in particular) to propose how we might work together on this important initiative.
British Ambassador, John Casson said at the RISEUP summit:
I challenge all of the start up community present today at the RISEUP summit, to bring the same energy to solving Egypt鈥檚 social challenges as they already bring to pursuing their business dreams.
Photo Credit: 皇冠体育app Cairo Zoom