Egypt’s General Authority for Investment and Free Zones has launched a new Technology Hub in the Nasr City Free Zone. The initiative aims to give startups stronger tools to grow, scale, and compete across global markets. It also reflects Egypt’s push to build a supportive business environment that helps young entrepreneurs turn ideas into real economic value.A New Hub Designed for High Growth StartupsElevate Lab Highlights Egypt’s Top Early Stage FirmsA Strong Moment for Egypt’s Startup LandscapeUnified Government Support for Startup Growth A New Hub Designed for High Growth Startups GAFI created the Technology Hub with a specialized developer to serve as a full service center for early stage and scaling startups. The hub aims to give founders direct access to key resources that help them build strong, competitive companies. The hub will offer: Workspace and operational support Access to mentors and market experts Expansion tools for regional and global markets Links to investors and industry partners Incentives tailored for high growth tech ventures GAFI wants the hub to act as a launchpad for companies that seek expansion beyond Egypt and into larger regional markets. Elevate Lab Highlights Egypt’s Top Early Stage Firms GAFI announced the Technology Hub during the final showcase of the Elevate Lab Program. The initiative brings together Egypt’s strongest early stage startups and supports them with training, coaching, and exposure. The program partners with: Enactus Egypt Exits MENA Several ecosystem contributors The Ministry of Youth and Sports and GAFI sponsor the program. Ten standout startups took the stage at the final showcase. Each team demonstrated its progress and showed how structured training and market exposure can accelerate growth. A Strong Moment for Egypt’s Startup Landscape GAFI CEO Hossam Heiba explained that Egypt is entering an important phase for innovation driven entrepreneurship. He said the country holds major potential for founders who want to build solutions with real economic impact. Heiba highlighted several priorities: Build a supportive regulatory environment Encourage youth to launch new ventures Turn innovation into measurable economic value Strengthen competitiveness in regional markets He also noted that more young founders now see entrepreneurship as a realistic path for impact and long term opportunity. Unified Government Support for Startup Growth GAFI is working with the Financial Regulatory Authority and the Egyptian Tax Authority to streamline procedures and remove barriers for early stage companies. The goal is to shorten administrative steps and offer clear guidance for founders at each stage of company growth. The coordinated effort focuses on: Simplified registration and licensing Tax incentives and faster processing Institutional support for long term growth Easier access to investment and expansion opportunities This alignment across agencies reflects Egypt’s strategy to build a competitive and founder friendly ecosystem.