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Asian Tribune is published by E-LANKA MEDIA(PVT)Ltd. Vol. 20 No. 74

The Indus Entrepreneur (TiE) expands in Dubai and Africa

By Narasimhan Kasthuri
Bangalore, 04 June, (Asiantribune.com):

TiE Dubai, a chapter of The Indus Entrepreneurs (TiE), has launched a regional Women 2020 pitch competition as part of its participation in TiE Women, the global initiative dedicated to empowering women entrepreneurs across the globe.

Through the initiative, TiE Dubai will provide entrepreneurs in the Middle East and North Africa (Mena) region with a platform to collaborate and showcase their business potential. It features a series of startup support programs for women entrepreneurs, culminating into the competition.

Finalists will be invited to attend the Women 2020 finals in Dubai and can participate at the Grand Finale Pitch with a chance to win $100,000 and other prizes, in addition to investor support.

Just one in seven investments in the Arab World go into female founded businesses, we all recognize the challenges women face when accessing funding and financial support, according to Ziad Matar, president of TiE Dubai.

The Global Entrepreneurship Monitor (GEM) Women Entrepreneurship Report 2018/2019 cites the largest gender gap in established business ownership in Mena at over 40 per cent. However, the report states that the highest rates of women’s entrepreneurial intentions were reported in Mena at 36.6 per cent, highlighting a trend of younger women starting companies in countries like the UAE and Saudi Arabia.

“There is so much untapped potential in the Arab World and by empowering women to go into business and rewarding aspiring female leaders, we will ensure global economic gains and a competitive knowledge economy in line with UAE’s 2021 Vision,” said Matar. This would be a unique launch pad for women entrepreneurs.

The TiE Women initiative is open to startups founded or led by women across Mena region. Participants can submit their nomination online till August 1 https://bit.ly/2Xj62AI . Twenty businesses will be shortlisted to participate in online pitch. Three startups will be shortlisted in September for an accelerator program to be run locally for three months. The finalist will participate in the final global event in December.

TiE opens in Africa

TiE which has about 60 chapters world over has launched a chapter in Aftica. Entrepreneurship in Africa is a key driver of economic growth and prosperity. The African entrepreneurial ecosystem is on the brink of massive growth.

The 2020 Partech research report shows that African tech startups have reached a new symbolic milestone with 250 deals recorded USD 2.02 Billion raised in equity funding, a 74 per cent YoY growth.

Africa is projected to be the world’s second-fastest-growing economy by 2020. TiE Africa has been launched recently, to bring together thought leaders, angel investors, pioneers and captains of the industry in Africa
TiECon2020 Silicon Valley, the flagship event, which was postponed in May will be held virtually over three months starting June 24 with Road to TiECon, July 22 and culminating at TiECon2020 on September 2 and 3. More details available at tiecon.org Road to TiEcon (June 24)

Stay Safe, Stay at Home, Stay Informed, But Don't Forget to Wash Your Hands.

- Asian Tribune -

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