Egypt plans to launch a broad financing initiative that includes a specialized fund for startups and entrepreneurs, Planning and Economic Development Minister Ahmed Rostom said during meetings with US venture capital and investment officials in Washington.
The proposed fund is intended to expand financing available to Egyptian startups, support commercial growth and attract more capital to the country’s innovation ecosystem, according to the announcement.
Rostom said the fund would focus on financing gaps that emerge as startups move from product development and business model testing to commercial expansion and entry into regional and international markets.
The initiative will be linked to Qimam, a program supporting fast-growing startups with high economic potential. The minister said financing would be combined with investment readiness, management development and stronger governance practices to help companies connect with international investors.
During meetings at the Egyptian embassy, Rostom discussed the plans with Bobby Franklin, president and CEO of the US National Venture Capital Association, and Brad Firstein of Apollo Infrastructure Group. He also invited US funds and institutions to participate in investment funds targeting Egyptian startups.
The meetings took place on the sidelines of the B20 Summit 2026 in Washington, where the minister also promoted investment opportunities linked to Egypt’s economic reform program.
Source: Akhbar El Yom
