EBRD President visits Egypt’s business accelerator, Falak Startups

Egypt’s Minister of International Cooperation Rania Al-Mashat and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, have visited the Falak Startups, a business accelerator launched by Egypt Ventures. 

Falak Startups, which is founded by the Ministry of International Cooperation’s development partnerships, aims to support startups in the technology sector and to advance the entrepreneurial scene in Egypt and the region. 

The Thursday visit to Falak Startups comes as part of Renaud-Basso’s itinerary in Egypt, which is considered her first visit to the region since her election in October 2020.

Al-Mashat affirmed Egypt’s commitment towards enhancing innovation and entrepreneurship to support startups, which are key for disseminating innovation in order to achieve sustainable development and to push for the national development agenda. She pointed out that Falak Startups is a unique model for business accelerators aimed at supporting startups and enabling them to expand their business strategies and promote investments.