Tag: investment

Qatar Science & Technology Park Opens Registration For Next Investor Readiness Program

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Qatar Science & Technology ParkThe Qatar Science & Technology Park (QSTP), has announced that registration is now open for its next Investor Readiness Program seminars.

Comprising five consecutive Monday-evening seminars starting 19 January, the free program focuses on how to become “investor ready” and raise finance. They are open to any Qatar resident that wishes to learn how to plan and build a start-up technology company.

Together the five seminars cover the full process of planning a successful start-up, from idea development through to raising capital and steering the company through its early years.  

Topics covered include:

  • Project selection, development & commercial evaluation
  • Building a management team
  • Business planning
  • Pitching to investors
  • Business development

The seminars and workshops are free, however places are limited and require registration. 

Those interested in attending can register online here: QSTP Investor Readiness Program Registration.

Report: Private Equity in the MENA Region (October 2008)

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Global Investment HouseAccording to a report by Kuwait-based Global Investment House, titled “Private Equity in the MENA Region”, the spending power of the region’s growing middle class is influencing a shift in investment focus away from oil & gas to service-based and consumer-oriented businesses.

During the period from 2007 till H1-2008, investments made were highest in the Basic Materials sector with a total of US$1,422mn worth investments. It was followed by Healthcare sector (11% of all investments) followed by Financial Services (11%), Transport (8%), Oil and Gas (7%) and Services (5%) sectors.
Basic materials sector was again influenced by the US$1.4bn investment in Egyptian Fertilizers Company.

As the economies and population of the region will grow, social infrastructure needs in healthcare and education will increase and these will be the sectors that private equity players would look for.

The Telecoms and IT sector got only 1% of all investments in the period from 2007 till H1-2008, of which I’m sure only a tiny fraction made it to internet and technology startups.

Intel Capital Invests In Dubai-Based Startup Sphere Networks

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Sphere NetworksIntel Capital, Intel’s investment arm, joined Dubai Silicon Oasis (DSO) by announcing its investment in Sphere Networks, an emerging Dubai-based startup specialising in next generation network management software. This move marks Intel’s first investment in a company based in the Gulf region.

The investment should help Sphere to expand both its technology base, get access to Intel technologies and develop sales and marketing to deliver its products to market. The amount of the investment was not disclosed.

The startup employs a team of 26 people, from different backgrounds, in Dubai; developing enterprise level network management solutions, which are already in use with a number of government customers in the region. 

The investment, announced today by Christian Morales, Intel VP Sales & Marketing and General Manager, Europe Middle East and Africa, is part of Intel’s drive to expand its economic, educational and technology-related support across the UAE. 

Under this program, Intel continues to increase its investment in four key areas: local entrepreneurship, education, digital accessibility and specialized technical competencies, to help promote technology skills, knowledge transfer and jobs creation in the UAE. 

Commenting on the announcement, Morales underlined the importance of fostering innovative, home-grown ideas and noted that today’s news illustrates Intel’s ongoing commitment to collaborate with local players that share the vision of taking entrepreneurial projects to the next level of global competitiveness. 

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ABAN Hosts Fourth Annual Entrepreneur – Investor Matchmaking Event

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ABANThe Arab Business Angels Network (ABAN), a subsidiary of Dubai International Capital (DIC), in partnership with Young Arab Leaders (YAL), hosted its 4th annual entrepreneur-investor matchmaking event, taking forward the concept of angel or seed capital investing, a relatively new phenomenon in the Middle East.

The event, held on October 20th at the Dubai International Financial Centre (DIFC) spotlighted three aspiring start-ups:

  • White Smile, a project specializing in professional teeth whitening, oral detoxification, and cleansing therapies.
  • Chipmunk, a franchise of an eclectic range of baby products from Belgium. 
  • Khayal Interactive, an Egyptian game production company.

ABAN’s matchmaking events offer entrepreneurial ventures in the MENA region an opportunity to showcase their businesses and connect with high net worth investors seeking start-up investment opportunities. The affluent investors, termed angel investors, provide capital for business start-ups, typically in exchange for ownership equity.

In the past year, ABAN has signed up with several leading regional and international organisations to pool resources and promote entrepreneurialism, innovation and knowledge creation in the region.

Recently, ABAN joined forces with the Mohammed Bin Rashid Al Maktoum Foundation to foster entrepreneurship among women across the Arab region. ABAN has also collaborated with Dubai Internet City, one of the world’s largest managed ICT clusters and a member of TECOM Investments, to source new entrepreneurial ventures in the high-growth technology sector for further developing the region as a knowledge-based economy.

In addition, ABAN has partnered with Bader Group to support the establishment of a business angels networks in Lebanon. It has also signed an MoU with the Al Ahli Holding Group (AAHG) to promote developmental, cross-learning relationships between Emirati youth and the youth of other countries to help groom competent leaders for the future. 

ABAN offers a wide range of benefits to its members ranging from advice and consultancy to financial support and training for selected entrepreneurs. ABAN also supports proposal pitching to investors, and facilitates collaboration and syndication among investors to maximise investment opportunities. 

The Arab Business Angels Network is scheduled to host its next matchmaking event on December 15th for introducing yet another batch of entrepreneurs to regional investors.

Accelerator Technology Holdings (ATH) Invests In ShooFeeTV

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ShooFeeTVAccelerator Technology Holdings (ATH) announced its investment in ShooFeeTV, a Jordan based interactive entertainment portal that will be targetting satellite television viewers across the Arab world.

ShooFeeTV will be boosted in its aims to combine mobile, online, and satellite technology in order to become this region’s original multi-platform TV guide.

ShooFeeTV haven’t officially launched their service yet, and typing in their domain name ShooFeeTV.com gives you a simple splash page, even thought they’ve been working on a beta version that has been available online for months now here.

No further details were announced about the deal, its terms or the size of the investment.

A more detailed profile of ShooFeeTV and their service will be published on StartUpArabia soon.

# Source: Accelerator Technology Holdings (ATH)
# Related: Ajabni (AR)

Cisco, World Bank Support Silatech To Help Arab Entrepreneurs

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SilatechSilatech is an initiative that was launched by Her Highness Sheikha Mozah Bint Nasser Al Missned of Qatar, to develop employment and business opportunities for young people in the Arab region.

Global networking heavy-weight Cisco, which is one of the founding members of Silatech and its global strategic technology provider, has just announced that it is extending its support for the social and economic development initiative, through working to deliver a technology platform for young entrepreneurs and businesses, primarily in the Arab world, to help them to drive programs for economic growth.

They will be developing a collaboration platform including services such as video conferencing and blogging, that will help individuals, businesses and other concerned organizations to collaborate on projects. They also aim to deploy a mix of traditional and social networking tools to connect today’s youth with other entrepreneurs and established businesses across the region.

The two companies also plan to co-operate on the establishment of entrepreneur centers for young people in the region, which will offer training courses on building and growing business and using IT to enable business success.

On the other hand, the World Bank Global Partnership for Youth Investment announced that they would support Silatech through two of its strategic pillars – Thought Leadership and Investment.
They will be offering financial products and business development service support to encourage financial intermediaries to invest in the youth micro enterprise market across the region; in other words, the aim is to  establish a scheme, which would see young people with new business ideas helped when seeking loans from commercial banks.

The Global Partnership will also assist Silatech to reach across the World Bank Group to support youth investment across the Arab World and participate in country-level missions and strategy development that could lead to co-financed and scaled projects and knowledge products based on global best practices.

# Sources: ITP, Zawya