Egypt’s entrepreneurs are on the right track, Sawari Ventures’ Wael Amin told Wamda’s Eman Mostafa. He explains that “Egypt is going through what can be called an economic transitional phase where the economy moves from the classical era to the knowledge era and is waiting for the investment trend of the private sector to move from real estate to tech innovation projects.” Amin says investments in Egypt are becoming more diverse, but ideas and inventions are ten times larger than the available investments and banks do not finance startups. There needs to be a regulatory overhaul, he adds, pointing to “regulations for starting a business, bankruptcy and the ease of moving capital.” Amin says Egyptian entrepreneurs need better university education and should have a fairer evaluation when building a business. Amin points to some sectors that are still innovation-free domestically: artificial intelligence, virtual reality, fintech, big data, and self-driving vehicles.