Explosive Growth In MENA’s Startup Ecosystem

by News Editor

March 5, 2025

February marked a groundbreaking month for MENA’s startup landscape, with an impressive $494 million raised across 58 deals—almost five times more than last year’s total for the same month. While Saudi Arabia dominated with $250.3 million accrued over 25 deals, the UAE and Egypt followed suit with $203.5 million and $27.5 million respectively.

Debt Financing Dips In February

Unlike January, where debt financing took the bulk of investments, February saw it drop to just 15% of total funding. The exclusion of debt reveals a staggering 371% increase in investment activity, highlighting a promising shift in financial dynamics.

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Industry Leaders And Rising Sectors

Fintech emerged as the leading sector, delivering $274 million over 15 deals. Insurtech and logistics took the next spots, with $55 million and $28.5 million respectively. This upswing showcases both sustained interest and escalating financial backing for key tech industries.

Regional Contributions and Gender Disparities

B2B models attracted the most attention in February, garnering $191.6 million through 33 transactions. However, gender disparities remain, as startups led by male founders bagged 87% of the total investment. Despite the progress, this underlines the need for more equitable funding allocations.

For further insights into startup ecosystems, explore how Cyprus is setting new records in global startup growth.

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Plug And Play Cyprus Debuts As A Catalyst For Global Innovation

by THEFUTURE.TEAM

April 9, 2026

International Collaboration For A Digital Future

Plug and Play Cyprus was officially launched at an event held at the Presidential Palace in Nicosia. The initiative is aimed at strengthening collaboration between international investors, startups, and the local innovation ecosystem, expanding Cyprus’s role in global technology networks.

Government Endorsement And Strategic Vision

The event brought together government officials, representatives from Plug and Play Tech Center, and key stakeholders from the technology and entrepreneurship sectors. Dr Nicodemos Damianou, Deputy Minister of Research, Innovation and Digital Policy, said the initiative reflects Cyprus’s approach to attracting high-value investment and strengthening links with global innovation networks. He added that the focus includes building partnerships with international stakeholders and supporting the development of modern production capabilities.

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A Bridge To Global Markets

Minister Ireni Piki said the platform connects international capital with local entrepreneurs and global technology networks. She noted that the initiative is intended to support collaboration, improve access to international markets, and facilitate partnerships that contribute to economic growth and innovation. The platform also reflects ongoing efforts to align Cyprus’s investment strategy with global market dynamics.

Plug And Play Tech Center: A Global Powerhouse

Plug and Play Tech Center, founded in 2006, operates as a global innovation platform and startup accelerator with presence across multiple international locations. The organisation connects startups with corporations, venture capital firms, and public sector entities, providing access to global networks, investment opportunities, and commercial partnerships.

Driving Economic Resilience Through Innovation

Innovation and investment remain key elements of economic development, particularly in a period of geopolitical uncertainty. Plug and Play Cyprus is expected to support startups and SMEs by improving access to funding, international partnerships, and market opportunities, while strengthening links between local companies and global investors.

Noteworthy Achievements In The Cypriot Innovation Landscape

Damianou said Cyprus ranks 25th in the Global Innovation Index and 15th in the StartupBlink Innovation Business Environment Index, while also ranking among the leading ecosystems in Southern Europe. The startup ecosystem recorded 28% growth over the past year, positioning Cyprus among the faster-growing markets in Europe.

Accelerating Market Readiness And Commercial Success

Seena Amidi, Managing Partner at Plug and Play Tech Center, said the platform supports startups in testing their products across different markets. He explained that the approach focuses on market validation and helping companies build commercial partnerships, allowing startups to adapt quickly to different market environments.

Positioning Cyprus As A Global Innovation Hub

Cyprus continues to expand its startup ecosystem, supported by both local and international entrepreneurial activity. Plug and Play Cyprus is expected to strengthen connections between startups and global investors, contributing to further development of the country’s innovation and investment environment.

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