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In the UAE, everyday is World Entrepreneurs’ Day!

Posted on Aug 21, 2017 in VentureSouq

In the UAE, everyday is World Entrepreneurs’ Day!

The UAE has certainly attained the title of being a ‘global hub’ given its knack to attract the best from all over the world, offering a platform for anyone who has innovation to be brought forth, or help bring disruption to create better lifestyle solutions for residents. On this World Entrepreneurs Day (WED), it is very obvious that in the UAE, everyday is a World Entrepreneurs’ Day! The Dubai Future Foundation’s (DFF) mandate is to make Dubai the birthplace for exponential technologies that will shape the course of...

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Women cohorts incubate UAE startups

Posted on Jul 3, 2017 in VentureSouq

Women cohorts incubate UAE startups

The phenomenal rise of women angels in the UAE alone may send shivers in heaven if divine angel Gabriel decides to take a look at the earth. Sounds surreal? It is not, it is a reality. 2017 will end up on a very, very bright note and its effect will spill over in 2018 as women cohorts in the UAE join hands to incubate every startup holding potential to be a success in the UAE. Khaleej Times picked popular names to check the pulse of the market. Leading women angels like Elissa Freiha, angel investor and founder of Womena; Sonia Weymuller,...

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The rise of the angel investor in the UAE

Posted on May 26, 2017 in VentureSouq

The rise of the angel investor in the UAE

Angel investors play a critical role in the region’s entrepreneurial system, so why are there so few of them? While the risks are high for those that do venture down this investment path, for some the returns can be even higher. Tarek Ahmad is an optimist, which is just as well. As an angel investor who lost US$80,000 on his first two investments, he is undeterred. “You live with it,” says the 30-year-old Egyptian entrepreneur and investor, who was born and raised in the UAE. Angels such as Mr Ahmad invest in very early stage start-ups,...

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Investors urged to back UAE business ecosystem

Posted on May 23, 2017 in VentureSouq

The symposium specifically sought to provide education on key topics related to Angel Investing By The Saudi Gazette 23 May 2017 ABU DHABI — In partnership with the UAE Ministry of Economy, the 3rd Annual Angel Rising Investor Education Symposium organized by startAD and VentureSouq saw local and global experts come together to discuss Global vs. Local Investing Perspectives in the context of creating a robust and flourishing entrepreneurial ecosystem in the UAE. The symposium specifically sought to provide education on key topics related to...

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Dubai-Based Logistics Startup Fetchr Raises $41 Million To Expand In The Middle East

Posted on May 16, 2017 in VentureSouq

Dubai-Based Logistics Startup Fetchr Raises $41 Million To Expand In The Middle East

Fetchr announced today it raised $41 million in a series B round, led by returning investor New Enterprise Associates, with participation from Majid Al Futtaim Holding, BECO Capital, Nokia Growth Partners, Raed Ventures, Iliad Partners, Venture Souq, Swicorp and YBA Kanoo, which sold its courier service to Fetchr in March.   In an interview, co-founder Joy Ajlouny says she plans to use the funds to introduce new products and features, and to expand Fetchr’s presence in the Middle East, including Jordan within the next two months and Oman...

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Startup pitch to mentorship – Straight talk with Sonia Weymuller

Posted on Feb 21, 2017 in VentureSouq

In an exclusive interview with Souqalmal.com, Sonia Weymuller, Founding Partner of VentureSouq, shares her experience as an investor and mentor. She also sheds light on what investors look for and what startup entrepreneurs should focus on. The Souqalmal team got to chat with Sonia Weymuller, Founding Partner of VentureSouq, the largest early stage equity funding platform in the region, Mentor at  the e7 Daughters of the Emirates project, and former strategy and M&A advisor. In this exclusive interview, Sonia shares her experience as an...

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Are angel investors born or made? [Opinion]

Posted on Apr 21, 2016 in VentureSouq

Are angel investors born or made? [Opinion]

Angel investors are in short supply in MENA. How do we ‘grow’ more? (Image via LabsofLatvia) There is no longer a question as to whether or not the entrepreneurial spirit has hit the MENA region. It has. Everyone loves a startup, and startups know where to find the love: incubators, coworking spaces, conferences and networking every day of the week. The region now abounds with support systems, often government-backed, for early stage companies. So go ahead, quit your job, start a business, you’ll find the help to get you through...

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Seeking Untapped Market, Nearly 100 Investment Funds Emerge In Middle East Tech Scene

Posted on Jan 18, 2016 in VentureSouq

Seeking Untapped Market, Nearly 100 Investment Funds Emerge In Middle East Tech Scene

In the past five years, the tech ecosystem in the Middle East has swelled to more than 100 funds investing in the region and more than 75 accelerators. There have been nearly 30 sizeable exits in the past 10 years, based on stats provided by Dubai-based Wamda Capital and a new initiative, Menascapes. Menascapes was launched on a volunteer basis by Sharif El-Badawi, a serial entrepreneur who is now Google’s partner lead, VCs and startups, and Ramzy Ismail, program manager at Flat6Labs in Abu Dhabi. It’s meant to be an interactive,...

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Accelerating into the future

Posted on Feb 28, 2015 in VentureSouq

Accelerating into the future

Time and again, research has shown that eight out of 10 start-ups fail within the first 18 months of existence. But, what if there was an entrepreneurial ecosystem that could help start-ups at every step of the way – giving them training, funding, mentorship and guidance as a one-stop-shop solution? The Abu Dhabi-based accelerator Flat6Labs offers all this and more. We spoke to Nina Curley, Managing Director, Flat6Labs Abu Dhabi, to get a detailed overview… Tell us about Flat6Labs. How did it come about and what was the inspiration behind...

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