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• Problems to solve: I believe our ecosystem is currently facing in the Middle East and North Africa (MENA) region: 1. Insufficient institutional growth capita
by ahmednadar 5y ago
• Problems to solve:
I believe our ecosystem is currently facing in the Middle East and North Africa (MENA) region:
1. Insufficient institutional growth capital.
2. Insufficient foreign capital.
3. Absence of international scale-ups in MENA.
4. Struggles scaling from MENA internationally.
6. Limited pool of highly skilled talent.
• Solution:
Create a community, because we don't have one.
- We must all work together. We need to support each other so that we as a region benefit not only financially, but also create a highly skilled workforce and a booming economy that can weather the ups and downs of the future.
- Working together, sharing ideas, meet and network in one place strength our ecosystem (similar to Kernal). As it matures, institutional VC funds and fund managers in the MENA region will need to start raising larger funds that will have the ability to deploy and lead rounds to support the Series B and C type of deals.
- Doing so would attract top-tier venture funds, to start deploying capital more actively in our region.
- Right now, policymakers have already started working on frameworks that help new and first-time fund managers with the ease of setting up these vehicles. And our ecosystem would push and encourage them to do work more to support our community.
- We should support and invest more into women-led startups and venture capital funds.
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Check link for more details.