The Sharjah Research, Technology and Innovation Park (SRTI), last week announced the launch of Sharjah Angel Investors Network (SAIN). The announcement was made at a special forum organised by SRTI which was attended by several investors and leaders across various technology sectors in the emirate.
SAIN aims to contribute towards making the UAE economy an open global laboratory for testing new concepts of advanced future technology and a global platform for innovation and entrepreneurship. The initiative will in a way help convert high-net-worth individuals into angel investors and help them execute the angel investment process. From its side, SRTI Park will provide the angel investors with a training programme to educate them on the key elements of angel investment, how to diversify risks, negotiate deal terms and ways to pursue deals and support emerging companies.
Speaking of the launch and vision for SAIN, Hussain Al Mahmoudi, CEO of SRTI Park, in a press statement said,
“We are super excited with the launching of Sharjah Angels Investors Network. Our network of Sharjah angels will boost access to investors and funds for companies and partners based at SRTI Park. In the past two weeks, we have cemented our relationship with various strategic regional and local funds to facilitate startups and innovative SMEs access to funds,”
Al Mahmoudi also added that the startup environment in the Middle East and North Africa region (Mena) has grown by 66 per cent compared to the first six months of 2018, with the UAE maintaining its position as the region’s most active startup environment.
SAIN aims to attract 30 investors in 2021 and will be limited to members only.