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It's difficult for youth in Egypt to imagine becoming entrepreneurs. Endeavor can show them that nothing is impossible.
Endeavor Egypt was launched in 2008 and hosted its first International Selection Panel in 2010. One of the oldest nations in the world, entrepreneurship in Egypt traces its roots back to the ninth century when Cairo, Egypt’s capital and largest city, was founded first and foremost to serve as a commercial and manufacturing hub for this ancient land. For centuries this tradition continued to grow and thrive but developments by the mid twentieth century reversed this legacy; steering activity away from entrepreneurship and placing greater value on the more stable public-sector jobs.
In recent years, however, cultural perceptions have been changing as the Egyptian government committed itself to deregulation and privatization within the Egyptian economy. This change, coupled with the fast-growing internet penetration has meant that Egypt’s increasingly globalized young generation is now following the success stories of famous entrepreneurs regionally and around the world, eager to follow in the footsteps of these role models. The Egyptian government has in recent years made significant strides in creating an investment-friendly environment, diligently pushing for reforms that promote increased private sector participation and placing entrepreneurship as a high-priority policy agenda- emanating from a firm belief in the role that entrepreneurs play in economic development especially in fighting unemployment. Endeavor Egypt, since its establishment, has been a key player in the entrepreneurship ecosystem in Egypt and a pioneer of the high-impact entrepreneurship movement in the country. Endeavor Egypt today supports 45+ entrepreneurs whose role model and inspiring status multiplies the impact of their reach and success.
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