Media ININ Economy We Trust
24-03-2019 Media in\ Abu Dhabi
The fifth session of the Investor Orientation Forum, organized by the StartAid platform of the University of New York, Abu Dhabi, was held yesterday under the patronage of the Ministry of Economy and in collaboration with Venture Market to promote entrepreneurship in the UAE.
The forum highlighted the UAE’s pioneering role in empowering emerging companies as the country’s growing trend to support local start-ups, with 55% of UAE domestic investors favoring local start-ups compared to companies operating in other markets. Of the UAE is one of the world’s largest markets for entrepreneurship.
The forum, which was held this year under the theme “Looking East: Digital Silk Road and the Global Technology System in the Future with the participation of a group of leading international and local investors and experts”, highlighted the UAE’s leading role in shaping the future of the global economy, New markets in China, India and Africa.
25% of investors are investing in emerging companies, followed by the Middle East and North Africa (23%), North America (22%) and Asia (22%). While the rest of the investors are looking for opportunities in Africa and South America.
“In any entrepreneurial environment, investors play a very important role by intervening when the emerging companies’ assessment is,” said Ramesh Jaganathan, Vice Dean of New York University Abu Dhabi for Entrepreneurship and Innovation, Assistant Dean of Engineering and General Manager of STARTAD. As their role becomes a “critical task”, as digital economies, supported by artificial intelligence and in-depth learning, begin their remarkable development parallel to the concept of the Silk Road of the 21st century.
The three billion middle-class consumers lining up along the Silk Road come from all walks of life and diverse cultures, while enjoying far less purchasing power than their counterparts in the West. More than 300 million people over the age of 65 Only in China with special needs in health care, home care, transportation and security.
He added that the needs of nearly half of the world’s population along the Silk Road are “current” and “urgent”. They will strongly shape the scope of the second machine era, paving the way for the Silk Road through countless emerging projects funded and supported by local investors to serve clients For its part, START AD is committed to supporting the UAE in its leadership role in the Middle East and North Africa region. ”
“The concept of investing in emerging companies has emerged from our urgent need as investors in technology companies at an early stage. We are beginning to feel the impact of the new Silk Road in everything we do: transaction flow, investor interest and supply changes,” said Tamer Kadoumi, partner at Venture Market. “It is important that we educate ourselves in this regard. In order to succeed, we must have the motivation and enthusiasm to support the emerging companies that will shape the future of the world. Knowledge and education are undoubtedly the most important way to achieve this.”
