StartUp Manifesto .pdf - 1ST EDITION 2018 Your Action Plan...

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116 Established in 2013, RiseUp aims at efficiently connecting startups anywhere to relevant resources at the time they need them in a scalable manner in order to increase their chances of success. As part of its mission, RiseUp developed the Startup Manifesto as a catalyst for change. The Manifesto, by outlining current challenges and proposing concrete solutions, aims at improving the current entrepreneurship ecosystem in Egypt. It targets to increase ecosystem readiness for fostering entrepreneurship, thereby gearing the ecosystem towards its full potential. The Manifesto is developed by the ecosystem for the ecosystem. Through interviews with various stakeholder groups and several review sessions, we constructed a Manifesto that portrays the ecosystem’s real challenges. The Manifesto does not stop at offering solutions. Instead, it needs to be understood as the foundational document based on which a collective action reform movement towards ecosystem improvement is initiated. RISEUP AND MANIFESTO About 1ST EDITION
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Introduction ///////////////////////////////////////////////////////////////////////////////////////// 06 1. Enhancing Ecosystem Performance ///////////////////////////////////////////////////////// 28 1.1. Ecosystem Vision & Coordination .............................................................................. 30 1.2. Ecosystem Conduct .................................................................................................... 30 1.3. Ecosystem Information & Data .................................................................................... 31 2. Achieving Sustainable Growth /////////////////////////////////////////////////////////////// 34 2.1. Increasing Resources, Availability, Accessibility & Quality ...................................... 36 2.1.1. Finance ............................................................................................................................... 36 2.1.1.1. Banking .................................................................................................................................. 37 2.1.1.2. Angel Investment ................................................................................................................ 40 2.1.1.3. Venture Capital ................................................................................................................... 40 2.1.1.4. Stock Market ........................................................................................................................ 41 2.1.1.5. Crowdfunding ..................................................................................................................... 44 2.1.1.6. Payments & Fintech Infrastructure ................................................................................. 44 2.1.2. Human Capital ................................................................................................................. 45 2.1.2.1. Entrepreneurs ...................................................................................................................... 45 2.1.2.2. Startup Talent ...................................................................................................................... 47 2.1.2.3. Overarching Issues ............................................................................................................ 48 2.1.3. Public Infrastructure ....................................................................................................... 54 2.1.3.1. Access to High Quality Internet ........................................................................................ 54 2.1.3.2. Workspace Infrastructure ................................................................................................ 54 2.1.3.3. Geographical Disparities ................................................................................................. 55 2.1.4. Support Structures ......................................................................................................... 56 2.1.4.1. Accelerators / Incubators .................................................................................................. 56 2.1.4.2. Mentorship ......................................................................................................................... 57 2.1.4.3. Advisory Services .............................................................................................................. 57 2.1.4.4. Programs ............................................................................................................................. 57 2.2. Seeking Higher Degrees of National & International Integration ........................... 58 2.2.1. Linkages ........................................................................................................................... 58 2.2.1.1. Startup - to - Startup .......................................................................................................... 58 2.2.1.2. Startups - to - Corporates ................................................................................................ 59 2.2.1.3. Startups - to - Government .............................................................................................. 62 2.2.1.4. Startups - to - Academia .................................................................................................. 62 2.2.1.5. Ecosystem Hubs ............................................................................................................... 62 2.2.2. Internationalization ....................................................................................................... 63 2.2.2.1. Trading ................................................................................................................................ 63 2.2.2.2. Cross-border Expansion ................................................................................................. 63 2.3. Striving Towards Entrepreneurial Excellence ........................................................... 64 2.3.1. Entrepreneur Mindsets .................................................................................................. 64 2.3.2. Entrepreneur Skill-Set .................................................................................................... 66 2.4. Strengthening the Role of Entrepreneurship in Long-Term Economic Planning ... 66 2.4.1. Public Sector Role & Coordination ................................................................................ 67 2.4.2. Public-Private Sector Dialogue ..................................................................................... 67 3. Empowering Lives /////////////////////////////////////////////////////////////////////////////// 70 3.1. Championing Entrepreneurship To Improve Human Experience ............................. 72 3.1.1. Role of the Startup Community ............................................................................................ 72 3.1.2. Role of Proper Incentives ..................................................................................................... 72 3.2. Fostering Entrepreneurship in Impact Sectors ......................................................... 73 3.2.1. Purpose-Driven Startups ...................................................................................................... 73 3.2.2. Impact Investing .................................................................................................................... 73 3.3. Facilitating Job Creation Through Entrepreneurship ............................................... 74 3.3.1. Within Startups ....................................................................................................................... 75 3.3.2. Across the Supply Chain ..................................................................................................... 75 4. Positioning Egypt as an Entrepreneurship Hub /////////////////////////////////////////// 76 4.1. Promoting Entrepreneurship in Society ..................................................................... 78 4.1.1. Societal Acceptance of Entrepreneurship ......................................................................... 78 4.1.2. Women Entrepreneurship .................................................................................................... 78 4.1.3. Youth Entrepreneurship ........................................................................................................ 79 4.2. Promoting Egypt’s Entrepreneurship Potential ........................................................ 79 4.2.1. Media ....................................................................................................................................... 79 4.2.2. International Public Relations ............................................................................................ 80 5. Fostering an Enabling Legal & Regulatory Environment //////////////////////////////// 82
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