Cairo places 3rd in MENA in latest Startup Genome report, jumps several spots globally

Cairo secured the 3rd position in the Middle East and North Africa (MENA) startup landscape, highlighting the city’s growth as a pivotal hub for innovation and entrepreneurship in the region, showing a significant improvement from previous years.

According to the latest Global Startup Ecosystem Report 2024 (GSER 2024) by Startup Genome, Cairo climbed from the 51-60 range last year to the 41-50 range in the overall Emerging Ecosystems Ranking, underlining its rapid development and increasing influence within the global startup community.

It also took the top ranking in the Bang for Buck category among MENA ecosystems, highlighting its efficient utilization of venture capital to support tech startups, the report noted.

With a 10/10 score in funding and an 8 in talent and experience, Egypt’s capital city demonstrated its capacity to attract investment and nurture a skilled workforce essential for startup success.

By Business Today Egypt

Full story at Business Today Egypt.