Egypt's Entrepreneurs Look Beyond the Revolution - NYTimes.com - 0 views
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Six months after an uprising led by people like her ousted Hosni Mubarak and overturned the established order of the Arab world, Ms. Mehairy has joined the ranks of Egypt’s newest business class: the entrepreneurs of the revolution. Instead of leaving Egypt as she had planned, she is staying to nurture a start-up called SuperMama, an Arabic-language Web site for women that has 10 local employees.
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“Everyone is worried about what will happen next,” said Marwan Roushdy, 20, a student at the American University of Cairo who is developing an app called Inkezny to locate hospitals anywhere in the world. The name means “rescue me” in Arabic.
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Mohamed Rafea, 30, and his cousin Ali Rafea, 23, are also optimistic. They along with three other young relatives co-founded Bey2ollak, an app that lets users warn each other about congested traffic routes. “We are lucky that we don’t need the support of anything except good wattage, as opposed to manufacturing goods or opening a store. Those kinds of businesses need the support of the government,” Ali Rafea explained.
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Like many in their cohort, Mohammed and Ali Rafea, who won one of the internships at iContact, are trying to solve some of Egypt’s problems through technology — and hope to turn a profit in the process. After the revolution, they said, Egyptians were turning to Bey2ollak to pass along information about the safety of the roads. “We added a new status to say that a road is a danger zone and there are protests and thugs,” Mohamed Rafea said.
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and Sawari Ventures, a Cairo-based venture capital firm,
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Ahmed el-Alfi, the founder Sawari Ventures,
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Seeing the potential in Egypt, Mr. Alfi left Southern California in 2006 to move to Cairo. “Most of my friends questioned my sanity for making that move,” Mr. Alfi said. “But I was very encouraged by what I saw.”
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“These entrepreneurs are thinking big and globally, and they are creating Web apps that you could see in Dumbo or Palo Alto,” he said, referring to the neighborhood in Brooklyn. “They are building companies and products that can be very influential. I would invest 30, 40 or 50 thousand dollars in these young entrepreneurs.”
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As Mr. Gerber, one of the American delegates, put it: “We were just so amazed by the business acumen we found in Egypt.”
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Six months after an uprising led by people like her ousted Hosni Mubarak and overturned the established order of the Arab world, Ms. Mehairy has joined the ranks of Egypt's newest business class: the entrepreneurs of the revolution. Instead of leaving Egypt as she had planned, she is staying to nurture a start-up called SuperMama, an Arabic-language Web site for women that has 10 local employees.