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British Embassy Launches £1 Million Fund to Invest in Egypt's Social Startups

The British embassy has vowed to invest £1 million to fund Egyptian social start-ups that have commercial viability and meaningful social impact.

Last week, the British Embassy revealed a £1 million investment in existing and new social start-ups in Egypt, from 2017-2020. The investment comes after the British Ambassador, John Casson, attended the RISEUP Summit stating that he would like to see Egyptian entrepreneurs, “[bringing] the same energy to [solve] Egypt’s social challenges, as they already bring to pursuing their business dreams.”

Substantial annual events, like the RISEUP Summit, tend to play a significant role in advocating for change through prime entrepreneurial spirits and powerful ideas that make basic humanitarian needs – such as access to health, education, and sanitation services - an attainable goal for many.

The investment will take place in the form of a competition where an expert panel will select successful proposals that showcase commercial viability and social impact – specifically in job creation, female empowerment, or enabling accessibility to health and education. These start-ups will then receive funding, as well as technical advice and access to a network of international entrepreneurs.

According to the Embassy’s press release, such an investment “is a show of confidence in both the vibrant start-up scene in Egypt, as well as the number of existing enterprises already tackling social challenges.”

Todays Events
Basata @ Cairo Jazz Club
Date: 1/19/2019
Time: 10:30pm - 3:00am
Venue: Cairo Jazz Club
Mada V Birthday Party @ CJC 610
Date: 1/19/2019
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club 610
ODDS by Yasser Nabaiel @ Art Talks
Date: 1/19/2019
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'Tanagra'  @ Art Corner  Zamalek
Date: 1/19/2019
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Venue: Art Corner Gallery
Mostafa Rizk  @ Underground
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Time: 9:30pm - 2:00am
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Walk-In Pilates w/ ZAG @ CCDC
Health & Fitness
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Time: 7:00pm - 8:30pm
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Poi Dancing for Beginners @ Lotus
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Rhythmic Gymnastics @ Adams Dance Studio
Kids Activities
Date: 1/19/2019
Time: 7:30pm - 9:00pm
Venue: Adams Dance Studio