ABAN Hosts Fourth Annual Entrepreneur – Investor Matchmaking Event

| Oct 26, 2008 | comment 6 Comments

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.

  • Faissal

    i have a very interesting web startup based in morocco. can i contact them for financing ?

  • Faissal

    i have a very interesting web startup based in morocco. can i contact them for financing ?

  • http://www.startuparabia.com Mohamed Marwen Meddah

    @Faissal: Yes, of course you can.
    ABAN aims to cover startups from the whole MENA region, and according to what they’ve told me, they’re not getting enough projects and business plans submitted from the region of North Africa.

  • http://www.subzeroblue.com Mohamed Marwen Meddah

    @Faissal: Yes, of course you can.
    ABAN aims to cover startups from the whole MENA region, and according to what they’ve told me, they’re not getting enough projects and business plans submitted from the region of North Africa.

  • suma

    hi i am an arab girl but live in melbourne australia with a unique business idea. i would love some financing especially for marketing as i have already established the business. i would also like some mentoring. can i contact them? thanks. suma@emex.com.au

  • suma

    hi i am an arab girl but live in melbourne australia with a unique business idea. i would love some financing especially for marketing as i have already established the business. i would also like some mentoring. can i contact them? thanks. suma@emex.com.au

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