The General Authority for Investment and Free Zones hosted the inaugural meeting of the advisory council for the Permanent Unit to Support Entrepreneurs and Startups.
The meeting was attended by Hossam Heiba, CEO of the General Authority for Investment and Free Zones, and Hossam Abdelkader, Head of the Central Administration for Entrepreneurship at the Authority.
The council is entirely composed of representatives from the private sector, including startup founders and key influencers in Egypt’s entrepreneurial ecosystem. It is chaired by Dr. Mohamed Fahmy, co-founder of Logic Consulting Group. Other members include:
Sameer Alalayli, Chairman of the Business Angels Association and Chairman of Invista Capital
Ahmed Tarek, Chairman of Allianz
Hany El Sonbaty, Managing Partner of Sawari Ventures and co-founder of Flat6Labs
Hanan Abdel Meguid, Founder and Executive Partner of Kamelizer Technology
Omar El Metwally, CEO of Sigma Fit
Ahmed El Sherif, CEO of Averoz Ventures
Abdelhamid Sharara, Founder and CEO of RiseUp
Mohamed Ezzat, Founder of Bosta
Amr El Abd, CEO of Endeavor Egypt
Mohamed Ehab, Executive Director of Entlaq for Entrepreneurship Support
Louay El Shawarby, Head of El Shawarby Law Firm
Haitham Abu El Nasr, Board Member of M Strategy Global
Ziad Wafiq, Founder of Project 2043
Last month, the General Authority for Investment and Free Zones inaugurated the headquarters of the Entrepreneurship and Startups Unit and launched the unit’s online platform.
This initiative aims to engage with entrepreneurs, understand the challenges they face, and gather their suggestions and ideas for developing suitable solutions to enhance Egypt’s entrepreneurial ecosystem.
Additionally, a voluntary advisory council, entirely composed of private sector representatives and entrepreneurs, was formed to assist the unit in proposing supportive policies, laws, and regulations for the growth and prosperity of startups in Egypt.
Dr. Mohamed Fahmy announced that the council’s work plan will be ready soon, including recommendations for improving the entrepreneurial environment in Egypt and aligning entrepreneurship activities with the “Egypt Vision 2030” development strategy.
Hossam Heiba stated that the Authority will collaborate with the advisory council to promote an entrepreneurial culture within the government, coordinate with various entities to provide necessary facilitation for the sector, and support partnerships with advanced countries in aiding startups.
Additionally, the Authority will allocate new headquarters for the Entrepreneurship Support Unit in the General Free Zones of Nasr City and Alexandria, with plans to establish similar units in all the Authority’s general free zones in the near future.1/2
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