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About Tanta

A large city located between Cairo and Alexandria, Tanta is the hub for the cotton-ginning industry cloaked in large cotton plantations, cotton ginning and textile factories that export to European markets. It's a university town with Tanta University sitting within its midst since 1972 and numerous other higher education institutions plus a medical school associated with Alexandria University spawning tech savvy youth who love to hang out in coworking venues. The biggest attraction of the city is the grand Mosque of El Sayid El Badawy and the huge festival held annually in late October is when everyone devours sugarcoated nuts known as "Hubb El-Azziz". This celebration lasts for 8 days of rituals and chanting with time out to munch on sugary treats that attracts more than a million people.
Egypt's startup scene is on fire. With a population of nearly 100 million it's considered to be the 15th largest country in the world by people numbers with the majority of its population tech savvy who are always looking for the next best app or the next huge tech innovation. The country has a mega appetite for tech products and online solutions giving birth to an ever-increasing number of startups and platforms in different fields. Its ecosystem is still quite young compared to other countries, which can be a positive or a negative. The positive is the fact that you don't have venture capitalists fighting over startups and creating inflated valuations. Startups have the benefit of numerous angel investors prepared to mentor, become real partners and who care. The negative is the fact that many startups do have a hard time finding funding, the community is small and the ecosystem is yet to fully develop for industry specific areas.
The positives for Egypt's tech scene are that there is huge potential for growth with exchange rates favouring the foreign investor, the market size available, the need for innovation and the presence of brainpower available. Coworking venues are one more step in the support of fledgling startups where they can gather en masse and collaborate.