Component A - Entrepreneurship Skills & Opportunities
Component A’s objectives are to stimulate entrepreneurship among youth and women through strengthening the capacity of the different counterparts as well as the services provided to aspiring or existing entrepreneurs with a focus on building or strengthening the ecosystem in disadvantaged areas.
Component A focuses on increasing awareness about entrepreneurship as a career option and an ultimate road to economic growth, increasing entrepreneurship education in Schools and Universities, providing mentoring services, increasing access to incubators and accelerators and other entrepreneurial Services.
Component A works with different partners of the ecosystem to ensure improved management practices, technical capacities, sustainable business models available to serve all type of entrepreneurs and start-ups.
An integral part of Component A’s mandate is gender inclusion and encouraging more youth and women to pursue an entrepreneurial career.
- Met the target of 15 Business Plan Competitions and Startup weekends, 6 of which were in Upper Egypt, attended by 2354 participants (around 37% of which are females).
- Over 500 entrepreneurs have launched and grew their business models as a direct result of those BPC.
- 70+ networking, capacity building and mentorships events/workshops reaching 6200 entrepreneurs from 10 governorates and entities.
- Partnering with entities in the ecosystem on entrepreneurship activities to ensure sustainability & transfer of knowledge and expertise (Giza Systems Foundation, Funtasia for creative education, Endeavor, entreprenelle, etc..).
- USAID SEED focused on mentorship to enlarge the base of business coaches and mentors and ensure diversity of business knowledge serving 3043 entrepreneurs to date.
- 12058 women participated in the USAID SEED assisted programs designed to increase access to productive economic resources.
- 1233 Entrepreneurs were supported to launch, improve and refine their business.
Incubator Capacity Building and Technical Assistance:
- Sponsored 12 incubators (of 11 targeted ), through a U.S. study tour, international best practice training modules and a “Startup Toolkit”, provision of equipment, in addition to tailored Technical Assistance.
- Two supported incubators are serving the most disadvantaged populations in Assuit and Qena.
- 1740 entrepreneurs benefited from incubation services.
- 182 incubated startups. 39 startups achieved 325% revenue growth in the project’s third year of which 14 female startups achieved 495% revenue growth.
- Rwaq; the incubator at the Al-Azhar University in Qena was able to obtain a 3 year commitment from a prominent national financial institution — Bank Misr — to support its operation.
- Supported incubator partners to mentor and strengthen 182 startups to grow and generate revenues by 292% in one year (SEED’s third year) in local communities in Cairo, the Nile Delta and Upper Egypt.
- Emphasis on capacity building and technical assistance to incubators enabled “Arab Academy for Science, Technology & Maritime Transport” business incubator and “Ebni” business incubator to replicate their incubation model (of Cairo) in other governorates such Alexandria and Alamein City.
- USAID SEED supported incubator partners to mentor and strengthen 182 startups to grow and generate revenues by 292% in one year (SEED’s third year) in local communities in Cairo, the Nile Delta and Upper Egypt.
- Entrepreneurship programs introduced in 17 high schools, including TOT to ensure sustainability.
- University entrepreneurship program designed and implemented in 11 universities.
Nashwa Ali – Entrepreneurship Development Team Lead
Nashwa currently leads the Entrepreneurship Development team with the USAID’s SEED Project. She spent her career working with Multinational Corporations in strategic planning, project management, marketing, employer branding and events management. She managed both local and regional markets for brands like PepsiCo, Shell and GE. After leaving GE, she decided to shift to the development sector where she effectively contributes to the well-being of her country from a new angle. Nashwa is a graduate of Ain Shams University, Al Alsun Faculty.
Christine Sedky – Entrepreneurship Development Senior Advisor
Christine’s experience ranges from the World Bank in Washington D.C to the World Economic Forum in Geneva as well as her own ventures and Non-Profit Organizations. She has a Bachelor’s Degree in Economics and International Relations from the University of Southern California, a Master’s Degree in International Development from the American University and an MBA from Columbia University. She is passionate about Start-Ups, Cultural heritage and baking.
Mohamed Sultan – Incubators and Accelerators Senior Advisor
Mohamed is leading the USAID’s SEED technical assistance to public and private stakeholders to improve the services offered to Early-stage Entrepreneurs. He does this by strengthening existing and fostering the establishment of new business incubators/accelerators. He has more than 15 years of experience in strategic project management and corporate finance.Mohamed is a graduate of the Faculty of Commerce (English Section), Aim Shams University with a major in Accounting. He also holds an International MBA from Instituto de Empresa (IE) of Madrid, Spain.
Omar Abou El-Gheit – Program Assistant
Omar works with USAID SEED on developing and supporting Entrepreneurs who are aspiring to enter the Start-Up scene in Egypt. His previous experience was in the Services and Renewable Energy Industry. He has a Bachelor’s Degree in Political Science from the American University in Cairo.