The Egypt Competitiveness Project (ECP) is a $31.7 million project funded by the United States Agency for International Development (USAID) to assist the Government of Egypt (GOE) in realizing ambitious reforms to support private sector-led economic growth. Under ECP’s sub-component is the U.S. Department of State’s Global Entrepreneurship Program (GEP), an initiative targeted primarily towards Muslim-majority countries that was born out President’s Obama’s Entrepreneurial Summit in 2009. GEP Egypt will develop programs and activities that focus on starting, growing and financing entrepreneurs to achieve the following results:
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Increase the promotion and awareness of economic opportunities created by entrepreneurship to the youth and the general population while linking them to entrepreneurship organizations.
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Increase access to financing for entrepreneurs (angel investing, venture capital and banking) while developing angel networks.
- Improved business environment for entrepreneurs
- Develop and support entrepreneurial programs and activities which would include mentoring, training and facilitating financing,
- Have 300 young people participate in ECP Entrepreneurship program and activities
- Support 100 new Start-Up Entrepreneurs
