ⓘ Featured image: Masaood Rahma Al Masaood, Chairman of Emirates Angels Investors Association
As reported by TradeArabia, ealier this week, a group of UAE-based young angel investors has come to an alliance to launch ‘Emirates Angel Investors Association‘ in a move to accelerate the growth for startups in the country. The Abu Dhabi-based non-profit organisation is registered with the Ministry of Community Development and supported by the Ministry of Economy, UAE.
The association seeks to create a common platform for both to share their experiences and best practises, as well as to develop an integrated network that can attract new investors and support start-ups, develop business, and encourage investments in UAE.
The primary move of the Emirates Angel Investors Association will be launching training programmes and conducting activities that would attract and stimulate investments for startups.
The Board members were elected in the presence of the Ministry of Community Development, where Masaood Rahma Al Masaood was selected as the Chairman; Sameh Al Qubaisi as Vice Chairman; and Ali Sajwani, Mohammed Al Nowais, Yousif Al Mulla, Mohammed Al Owais, and Tarek Al Nuaimi as Board members.
Speaking of the launch of Emirates Angel Investors Association, Masaood Rahma Al Masaood, said,
“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 start-ups. We are keen to build a wide network of investment advisors that are committed to work together in enhancing the UAE business environment to become one that encourages creativity and innovation and invest in science and technology, as well as research and development. We are confident that, in partnership with government and private sectors, we will extend the needed support to start-ups, SMEs, and entrepreneurs.”
The Emirates Angels Investors Association is poised to take the lead in promoting the culture of angel investing in the UAE as well as promoting the concepts of entrepreneurship and freelance work. It is set to initiate several awareness programmes that will encourage startups to present their projects and attract the interest of capital investors coming from a network of business leaders and stakeholders.
Furthermore, the Association will lead some initiatives to help develop an integrated system which could guide companies investing in new enterprises, as well as build a database for angel investors that contribute to national projects. It will also coordinate with concerned ministries and departments and contribute ways to help grow the national economy.
The Association will also submit reports and updates that will be regularly shared with the UAE’s economic and business organisations to highlight the needs and interests of the various industries, as well as angel investors’ expertise and opinions.