Emirates Angels Investors Association Launches to Accelerate Innovation and Entrepreneurship in the UAE.
A group of young investors has launched the Emirates Angels Investors Association to help accelerate the growth of startups and facilitate investors’ investment and entrepreneurs’ activities in the country.
The UAE is the leading startup scene in the MENA region with regards to the number of companies funded and the capital invested in startups. Therefore, the Abu Dhabi-based non-profit organization will primarily focus on launching training programs, as well as activities that would attract and stimulate investment initiatives.
The Emirates Angels Investors Association has brought together some of the country’s leading young local investors to connect innovators and thought leaders with investors and bridge existing gaps. The association’s aim is to positively contribute to the early-stage investment ecosystem through its investors’ network.
The association seeks to create a common platform for both to share their experiences and best practices, as well as to develop an integrated network that can attract new investors and support startups, develop business, and encourage investments in UAE.
Masaood Rahma Al Masaood, Chairman, Emirates Angels Investors Association, said,
“The Association envisions to transform innovative and creative ideas into feasible investments in vital sectors and empower innovators and thought leaders by providing them with an interactive platform, training and investment opportunities that contribute to boosting entrepreneurship and start-ups. We are keen to build a wide network of investment advisors that are committed to working together in enhancing the UAE business environment to become one that encourages creativity and innovation and invests in science and technology, as well as research and development. We are confident that, in partnership with government and private sectors, we will extend the needed support to start-ups, SMEs, and entrepreneurs.”
The Association is poised to take the lead in promoting the concepts of entrepreneurship and freelance work. It is set to initiate several awareness programs that will encourage startups to present their projects and attract the interest of capital investors.
Furthermore, the Association will lead some initiatives to help develop an integrated system that could guide companies investing in new enterprises, as well as build a database for angel investors that contribute to national projects.
In addition, it will provide technical assistance to its members through training courses, seminars, and forums and serve as an interactive platform to improve processes and enhance the performance of businesses in line with the sustainable and responsible growth model adopted by the UAE.
Lanya Dara is a freelance translator and researcher for TORGENE. Lanya is a graduate of University of Sulaimani.