January 8, 2015
Middle East & North Africa
Business Angels Network
MENA Business Angel Network (MBAN) initiative started in UAE in June 2014. This initiative is responding to the growing interest in start-ups by Business Angels and early stage investors in the MENA region and their desire to find the best modality to manage their investments and guarantee the best return. Angel and early-stage Investors are well established in Europe and globally, with billions of Euros invested annually through the various Angel Network Groups. The MENA region needs to pay attention to setting up the right structure and rules for Angel and early-stage Investing, in order to have a vibrant, healthy and promising entrepreneurship ecosystem.
Press Release: MENA – Middle East & North Africa Startup Investment Forum
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Over 50 angel investors from 15 countries listened to the pitchings of 4 startups from MENA region, after a panel discussion with the moderation of Baybars Altuntas, Chair of EBAF and with the panel speeches of Abdul Malik Jabeer, President of MBAN – Middle East Business Angels Network and Paulo Andrez, Emeritus President of EBAN.
Description of the 4 Startups:
- WEZIWEZI.COM is an Arabic social entertainment website that provides unique Arabic content (Games, Articles, Videos, etc) for the Arabic speaking youth.
- AIDBITS is an online data management platform for the non-profit sector, to monitor activities, indicators and track beneficiaries.
- EXPERTS911 provides SMEs with an affordable cloud-based IT department to enable them focus on their core business functions while they reliably manage their IT infrastructure and provides unlimited chat-based IT assistance to their employees.
- EDUNATION provides a Social Education Platform to help educators and students to communicate and share knowledge. With over 50,000 subscriptions sold, EduNation is the most robust ecosystem of eLearning products in the industry today.