Egypt’s Minister of Planning and Economic Development Ahmed Rostom met with IE University President Santiago Íñiguez de Onzoño in Madrid to discuss cooperation on entrepreneurship, capacity building and innovation.
The meeting explored how IE University’s academic expertise and international experience could support Egypt’s startup ecosystem. Areas discussed included management and leadership training for entrepreneurs, knowledge exchange on innovative business models, and specialised programmes to help startups build scalable and sustainable ventures.
Rostom outlined government efforts to create a stronger environment for innovation, including the work of Egypt’s Ministerial Group for Entrepreneurship and the Entrepreneurship and Innovation Center at the National Institute for Governance and Sustainable Development.
He also said the government is working toward a unified official definition of startups in Egypt. On funding, Rostom pointed to efforts to encourage venture capital investment and strengthen the role of the National Investment Bank and its subsidiaries in cooperation with investment and finance institutions.
These efforts include developing an integrated financial structure for a joint fund intended to support startups and innovative companies across different stages of growth and expansion, according to the announcement.
Source: Al Bawaba News
