The objective is to support innovation and entrepreneurship, raise press awareness, provide business mentors, angel investors, incubators, etc. The project resulted in extensive press coverage to raise awareness of entrepreneurship initiatives in Egypt. The program supported business start-up events with over 2,800 participants which led to the creation of 63 new businesses (11 of which were women-owned), that are now in operation and generating approximately 400 new jobs. USAID helped in forming the first ‘angel investors’ group (Cairo Angels), facilitated three angel investor deals worth 3.5 million, and trained more than 1,650 aspiring entrepreneurs to refine their business models. They also funded licenses for two associations to be able to offer Start-up Academy courses to promising entrepreneurs. Part of the project also included conducting awareness sessions for students in Cairo, Alexandria, Port Said, and Aswan Universities on entrepreneurship concepts and skills.
|Value||USD 2.5 Million|