VAL­LEY OF DEATH

Arabnet - The Quarterly - - Entrepreneurship -

FIG­URE 11: NUM­BER OF OP­ER­AT­ING VS. CLOSE D FUNDED STAR­TUPS IN MENA BY GE­OG­RA­PHY

Although UAE has the high­est num­ber of in­ac­tive star­tups (22), it is also the coun­try with the most num­ber of op­er­a­tional star­tups (148). An in­ter­est­ing in­sight is that Le­banon stands as an ex­cep­tion with zero closed star­tups. This may be at­trib­uted to the surge in cap­i­tal brought on by Cir­cu­lar 331, which al­lows star­tups bet­ter ac­cess to fi­nanc­ing and giv­ing them a longer life­line. Egypt has one of the high­est rates of clo­sure for star­tups, and this could po­ten­tially be at­trib­uted to the de­crease in cap­i­tal in Egypt–demon­strated in the first part of this re­port.

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