The Sharjah Research, Technology and Innovation Park (SRTI Park) has launched the Sharjah Angel Investors Network (SAIN). The announcement of SAIN came at a special forum organised by SRTI and attended by a number of investors and business leaders in various technical sectors in the emirate.
SAIN aims to 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.
“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,” said Hussain Al Mahmoudi, CEO of SRTI Park.
The network aims to attract 30 investors in 2021 and will be limited to members only.
Al Mahmoudi also noted 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.