The reality and prospects of startups in Algeria from idea to realization

Main Article Content

Kebaili Hayet, Grinat Mohammed, Siouda Ines

Abstract

This paper examines the reality and prospects of startups in Algeria, focusing on their role in the country’s economic transition from a rentier system to a knowledge-based economy. It highlights the importance of startups in job creation, economic diversification, and promoting innovation. The study explores various definitions and characteristics of startups, distinguishing them from traditional small and medium enterprises (SMEs). It also discusses the Algerian government’s initiatives to support the startup ecosystem, including legislative frameworks, funding mechanisms, and the role of business incubators. The paper emphasizes the increasing involvement of universities in fostering entrepreneurship among students. By analyzing the challenges and opportunities within Algeria’s startup environment, the study offers insights into how these emerging enterprises contribute to sustainable development and economic growth. Recommendations for enhancing support systems and facilitating administrative processes for startups are also provided.

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How to Cite
Kebaili Hayet, Grinat Mohammed, Siouda Ines. (2024). The reality and prospects of startups in Algeria from idea to realization. European Economic Letters (EEL), 14(3), 3016–3024. Retrieved from https://www.eelet.org.uk/index.php/journal/article/view/2077
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