Egypt: European Bank for Reconstruction and Development contributes to developing coronavirus home testing
May 11, 2020
Egypt now has a safer alternative to administering drive-through coronavirus tests. Youspital is an online platform providing access to discounted healthcare services which responded to the Covid-19 pandemic by offering home testing to clients for a very reasonable EGP 500 (around €30). This includes two rapid preliminary tests and ensures that underserved communities can afford to be tested for the virus.
The company joined the EBRD’s Star Venture in Egypt this year. This programme, which is funded by the European Union and Korea, targets promising start-ups, accelerators and consultants to unleash their full potential. Star Venture leverages a dedicated network of mentors and advisers to channel a whole range of bespoke advisory services and industry best practices to start-ups. Through workshops, mentoring and technical assistance, the programme helps start-ups improve the efficiency of their results and scale rapidly.
The EBRD has been focusing on supporting Egyptian small- and medium-sized enterprises with advice and finance. So far, 122 start-ups have been supported through the Star Venture programme in the country.