Entrepreneurship and Innovation in Egypt

According to The Legatum Prosperity Index whish is the world’s global assessment of wealth and wellbeing; Egypt is Ranked the 62nd allover the world in Entrepreneurship & Innovation.

"There are 10 formal procedures required to start a business in Egypt, which led to 10,000 new business registrations in 2007, an average value by international standards. In terms of value added in the service industry, Egypt ranks in the bottom quartile in the international community. In Egypt, while internet bandwidth is high, with seven secure internet servers per 10 million people, internet security remains a problem. This problem is compounded by a lack of access to computers, with only 43 personal computers per 1,000 people. The proportion of high-tech exports to overall goods exported is extremely low, at approximately 0.5%. R&D is moderate, equalling 0.6% of GDP, but royalty receipts are high, placing Egypt amongst the top 30 countries in this latter measure."
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