الجمعة 18 جويلية 2025

President Tebboune Vows Creation of 20,000 Startups by End of Mandate, Positions Algeria as a Rising Innovation Hub

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President Tebboune Vows Creation of 20,000 Startups by End of Mandate, Positions Algeria as a Rising Innovation Hub

Tebboune Vows Creation of 20,000 Startups by End of Mandate, Positions Algeria as a Rising Innovation Hub

✍️ BY: Dr. Hana Saada

From 200 to 20,000: President Tebboune champions entrepreneurial intelligence as the new engine of national growth beyond hydrocarbons

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Algiers, Algeria– Friday, July 18, 2025 | In a resolute and forward-looking statement, President Abdelmadjid Tebboune unveiled a transformative national objective: the establishment of 20,000 startups by the end of his mandate, signaling a strategic pivot toward a knowledge-based economy driven by youth innovation.

Speaking with conviction, the President underscored that Algeria’s development can no longer hinge solely on hydrocarbon revenues. “There is intelligence in this country that expresses itself, and it is time to harness it fully,” he stated. His message was clear—brains, not barrels, will shape the future of Algeria.

Drawing parallels with global success stories, President Tebboune referenced the meteoric rise of China and South Korea, both of which, he noted, relied on a dynamic culture of entrepreneurship and startup incubation in their formative economic years. “Startups are the grey matter that generates real wealth,” he declared, noting that Algeria’s youth have unconventional, groundbreaking ideas that deserve nurturing and institutional support.

The figures cited by the Head of State offer compelling proof of this policy shift. In 2019, Algeria had only 200 registered startups. Today, the number stands at 9,000—a forty-five-fold increase in less than five years. President Tebboune pledged that this number will rise to 20,000 by the conclusion of his term, with a select number of these firms expected to go public and be listed on the stock exchange, anchoring them firmly in the formal economy.

Moreover, President Tebboune proudly revealed that Algeria’s startup model is being referenced by international institutions as an emerging success case. “Our experience is being cited as an example,” he said, pointing to global recognition of the state’s facilitative frameworks, including startup incubators, dedicated financing mechanisms, and legal structures adapted to fast-paced innovation.

This bold initiative reflects a broader strategy to diversify the Algerian economy, empower the youth, and establish long-term technological sovereignty. The vision behind it is both economic and philosophical: to build an Algeria where young innovators are no longer forced to emigrate to realize their ideas, but are empowered to create value at home, supported by a responsive, tech-savvy state.

 

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