The new nonprofit aims to accelerate growth of startups and facilitate investments through a number of activities and initiatives.
Bringing together some of the most prolific young investors in UAE, the Emirates Angel Investors Association has officially launched, with the lofty intent of ‘accelerating entrepreneurship’. To be more precise, a press release by the new nonprofit states that it aims to ‘facilitate investors’ investment and entrepreneurs’ activities in the country’.
Supported by the Ministry of Economy and registered with the Ministry of Community Development, the Emirates Angel Investors Association board is made-up of Masaood Rahma Al Masaood (Chairman), Sameh Al Qubaisi (Vice Chairman, and Ali Sajwani, Mohammed Al Nowais, Yousif Al Mulla, Mohammed Al Owais, and Tarek Al Nuaimi as board members. The team hopes to pool their experiences and best practises, while developing a network that will attract investments.
“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 startups,” Al Masaood said. “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 the government and private sectors, we will extend the needed support to startups, SMEs, and entrepreneurs."
Ultimately, the association seeks to act as facilitator between startups and investors, and will do so in a number of ways: awareness campaigns to promote the culture of angel investing; building a database for angel investors to contribute to national projects; coordinate contributions and collaborations with ministries and government entities where relevant; producing regular reports on the needs and interests of individual sectors; and holding training courses, seminars and forums.
Read more about the Emirates Angel Investors Association here.
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