Enabling Entrepreneurship in Egypt: Toward a Sustainable Dynamic Model

Abstract

The objective of this report is to assess the current status of entrepreneurship in Egypt, and to offer strategic and actionable recommendations that will enable entrepreneurship and significantly impact the Egyptian economy. The report offers a fresh look at entrepreneurship in Egypt and the support mechanisms currently at play, assesses the initiatives and challenges at hand, and provides multilevel recommendations on how to tackle them. On a deeper level, this work aims to constructively question the entire model by which we view the tasks of entrepreneurial support in Egypt and develops a new mechanism to replace the existing model currently in operation. This is a more dynamic, comprehensive, and flexible model that allows both for a feedback mech- anism and for customization, acknowledging that new businesses demand differ- ent types of support based on their stage of development and that of the industry in which they operate. This report starts with a brief introduction that explains the importance of entrepreneurship and its potential for driving economic growth. Sections I and II offer a transversal snapshot, an assessment of the Egyptian economy and its entre- preneurial sector and the problems it faces. Sections III, IV, and V present three levels of recommendations, from the most paradigm altering to the most punctu- al. Section