Rebuilding Egypt: how do startups help the economy?

When it comes to start-ups, entrepreneurs face unique challenges in an already difficult economic environment: striking out on their own and sustaining business through the early stages, finding clients willing to buy their product, and finding investors ready to bet on their business.

But what strategic role do entrepreneurs have to play in rebuilding Egypt?

While entrepreneurship is not an immediate cure-all and is not the focus of the transitional government’s action plan, it will be a key catalyst in Egypt’s economic growth over time.

“In the short term, it’s not going to have a huge impact on GDP,” said Steven Haley, general manager of MC Egypt, a for-profit subsidiary of Mercy Corps. “But over the long term it will have a profound effect on the economy.”

Global studies also show that not all entrepreneurs have the same impact on economic growth in emerging countries, as not all of them work in the same industries.

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Rebuilding Egypt: how do startups help the economy?