FARES GHANDOUR I PARTNER I WAMDA CAPITAL ABDULAZIZ AL LOUGHANI I MANAGING PARTNER I FAITH CAPTIAL HANI ENAYA I HEAD OF INVESTMENTS I RIYAD TAQNIA OMAR SATI I MANAGING DIRECTOR I DASH VENTURES JASSIM ALHAROON I MANAGING PARTNER I RAED VENTURES
Cross border scalability, red tape when entering new markets, and access to talent remain to be the overarching challenges for startups in the region. Liquidity will come with scale, and it will come from by way of exits to PE firms or large corporates, b
Legal and regulatory infrastructure is as equally crucial for the development of the industry as bridging the financing gap. Relevant aspects that are still challenging involve taxation, licensing, intellectual property and commercial legislation. That said, it’s worth mentioning the legal and regulatory easing undertaken in the UAE through DSFA and ADGM in addition to the building blocks the Central Bank in Jordan has been establishing to modernize bankruptcy and insolvency benchmarks for Fintech companies. Though the number of accelerators and VC’S have increased over the past few years in the MENA ecosystem, there still lacks a focus on entrepreneurial education at a grass roots stage. In the U.S specifically, students are taught in high school and university to try, fail, and try again as a means of learning. However, in our part of the world, there is still a large stigma around failure.