Statement:
In Egypt, startup ecosystem seems to be less developed than in Luxembourg

In the Startup Ecosystem Index rating Egypt holds position #65 ²⁰²² out of 99 and Luxembourg is #40 out of 99 ²⁰²².
Position of Egypt is worse than position of Luxembourg.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Egypt	'Total Score' value is	1.777
   Luxembourg	'Total Score' value is	5.447