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Anchored at NYU Abu Dhabi and powered by its partner Tamkeen, startAD began its journey in September 2016 as a new model for entrepreneurship education and innovation for the region. startAD supports Abu Dhabi and the UAE’s goals of becoming a knowledge-based economy by equipping students, startups, and corporates with the necessary tools to build innovative new products that serve a global need, collaborate across organizations, and develop entrepreneurial capacity.
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Marking the end of a 10-day program that helped participating entrepreneurs develop skills around business model design, MVP development, team culture, and fundraising, startAD held a demo day of the Fintech Venture Launchpad at NYUAD on September 14
The UAE and wider region, still don't have enough angels. "If you look at the US there are 400 of these angel groups and there are 300,000 angel investors. Over here there is of course VentureSouq, Wain, Womena – there are a few groups doing a really good job, but we need more of them.
Seeking to create awareness and share insights on topics relating to angel investing, the event brought together regional and global speakers in addition to private investors
With study after study pointing to the importance of a well-developed seed and early-stage financial support for MENA entrepreneurs, the absence of a mature angel investor class in the region’s ecosystem is often raised as an issue.
UAE Exchange and New York University Abu Dhabi (NYUAD) have signed a Memorandum of Understanding to advance Fintech (Financial Technology) innovation in UAE through startAD
Venture Launchpad, which ran for two weeks in early January, saw 37 teams develop their business ideas under expert tutelage and at the end, battle it out for accolades and potential backing from startAD.
New York University Abu Dhabi (NYUAD) and Flat6Labs Abu Dhabi have come together to organize the newest edition of Startup Series, a four-month-long program comprising of panel discussions and group activities aimed at promoting a culture of entrepreneurship among its students as well as the community at large.
"Tammer Qaddumi, co-founder of the UAE-based angel investing group VentureSouq, adds, 'Anyone can be an angel investor. If you believe in an idea, business model, and most importantly, a team of people, then it could make sense to participate in that company.'
Owen Davis, the Managing Director of NYC Seed, and the force behind NYUAD's Innovation & Entrepreneurship Engineering course talks to Entrepreneur Middle East about why he believes everyone should study entrepreneurship.