Most MENA Startups Have Less Than Six Months Of Runway Left, According To Report By Wamda And Arabnet
Hardly a half of 247 surveyed MENA startups expect to remain solvent in the next six months, according to research by Wamda and Arabnet.
It's been a year, and we're just getting started.
Time to tap into Saudi Arabia's tech opportunities
"We've been able to create a real impact for the MENA economy, with our alumni -the startups that pitched at Arabnet across the years- collectively employing more than 3,500 today."
At Arabnet Beirut 2019, Abu Dhabi's business incubator Hub71, a tech hub initiative by Mubadala Investment Company, Microsoft, SoftBank Vision Fund and Abu Dhabi Global Market, announced that it was teaming up with MIT Enterprise Forum Pan Arab to bolster MENA's entrepreneurship ecosystem.
"All of us at Arabnet feel inspired when we hear people talk about how Arabnet has impacted them."
ArabNet is set to welcome digital business leaders, entrepreneurs and others for the ArabNet Digital Summit 2017 to be held in Dubai on May 16-17, 2017.
Over 30 sessions, insights of 80 speakers, more than 15 hours of workshops, four challenges, and much more await participants at ArabNet Beirut 2017.
While Beirut might not be considered the region's business hub, Arabnet Beirut 2015 could easily make doubters think otherwise.