Wamda Launches ‘State of Pre-Seed Startups in Mena’ Report
Dubai, 10th March 2020: Wamda, the Middle East region's leading startup ecosystem enabler has launched 'The state of the pre-seed startups in Mena' report in collaboration with STEP Conference, the leading technology festival for emerging markets.
The report features findings based on data from 627 startup founders who applied to the Wamda X fellowship programme and includes research supplemented by STEP. The UAE remains the regional hub for entrepreneurship with 35.5% of the startups surveyed based in the country, followed by Egypt with 26.5% in sectors ranging from e-commerce, fintech, healthcare, and marketplaces among others. Only 32% of startups are currently registered of which 60% are registered in either Egypt or the UAE.
Ray Dargham, CEO of STEP said, “We are delighted to b...