The Impact of the COVID-19 Outbreak On The Entrepreneurship Ecosystem
Back
This report, developed by Wamda and Arabnet aims to identify the extent of the impact of COVID-19 on the region’s entrepreneurship sector and the measures that can be taken to alleviate the financial stress on startups.
-
Only 12 Startups
have a runway of more than 12 months -
25%
of travel startups shut down -
83% of respondents in Egypt
reported an overall negative impact of the pandemic -
Half of the region's startups
have also witnessed an impact to their latest funding round -
Close to 50%
of startups that responded to the survey reported that they have a cash runway of less than 6 months