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Start-ups in Egypt: A Study on Access to Capital

Karawia, Omar LU (2016) MGTN59 20161
Department of Business Administration
Abstract
In spite of Egypt’s recent political and economic instability, there still exists a burgeoning entrepreneurial community, taking risks, undergoing the trials and tribulations associated with acquiring the capital necessary for getting a business off the ground. This research was conducted to provide insights about the current situation of the Egyptian start-up market, especially as it pertains to capital acquisition. Data was collected through a series of interviews with participants in the Egyptian start-up scene. The interview questions evaluated several details regarding the initial and ongoing phases of the start-ups. While there are many different sources of funding start-ups throughout the world, this study demonstrates the extent to... (More)
In spite of Egypt’s recent political and economic instability, there still exists a burgeoning entrepreneurial community, taking risks, undergoing the trials and tribulations associated with acquiring the capital necessary for getting a business off the ground. This research was conducted to provide insights about the current situation of the Egyptian start-up market, especially as it pertains to capital acquisition. Data was collected through a series of interviews with participants in the Egyptian start-up scene. The interview questions evaluated several details regarding the initial and ongoing phases of the start-ups. While there are many different sources of funding start-ups throughout the world, this study demonstrates the extent to which these sources are relevant in Egypt, as well as the challenges associated therein. The start-up scene in Egypt is characterized by: a lack of relevant knowledge and education among both entrepreneurs and investors, the benefit of low costs associated with starting a business, the complexity of the Egyptian market, and the need for improvement of venture capital firms and angel investors. Some drawbacks include the negative impact of the political and economic situation on the market, especially in terms of investments; and the fact that technological advances have been slow due in large part to the majority of the population being accustomed to traditional methods of conducting business. On the other hand, research shows that the market is growing and conditions are improving, which demonstrates that Egypt has the potential to become an entrepreneurial hub in the region. (Less)
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author
Karawia, Omar LU
supervisor
organization
course
MGTN59 20161
year
type
H1 - Master's Degree (One Year)
subject
language
English
id
8892702
date added to LUP
2016-10-21 11:00:27
date last changed
2016-10-21 11:00:27
@misc{8892702,
  abstract     = {In spite of Egypt’s recent political and economic instability, there still exists a burgeoning entrepreneurial community, taking risks, undergoing the trials and tribulations associated with acquiring the capital necessary for getting a business off the ground. This research was conducted to provide insights about the current situation of the Egyptian start-up market, especially as it pertains to capital acquisition. Data was collected through a series of interviews with participants in the Egyptian start-up scene. The interview questions evaluated several details regarding the initial and ongoing phases of the start-ups. While there are many different sources of funding start-ups throughout the world, this study demonstrates the extent to which these sources are relevant in Egypt, as well as the challenges associated therein. The start-up scene in Egypt is characterized by: a lack of relevant knowledge and education among both entrepreneurs and investors, the benefit of low costs associated with starting a business, the complexity of the Egyptian market, and the need for improvement of venture capital firms and angel investors. Some drawbacks include the negative impact of the political and economic situation on the market, especially in terms of investments; and the fact that technological advances have been slow due in large part to the majority of the population being accustomed to traditional methods of conducting business. On the other hand, research shows that the market is growing and conditions are improving, which demonstrates that Egypt has the potential to become an entrepreneurial hub in the region.},
  author       = {Karawia, Omar},
  language     = {eng},
  note         = {Student Paper},
  title        = {Start-ups in Egypt: A Study on Access to Capital},
  year         = {2016},
}