in5 launches a dedicated space for investors
in5, TECOM Group’s enabling platform for entrepreneurs in tech, design and media, has launched of a brand-new dedicated space to accommodate angel investors, venture capitalists and institutional investors at the heart of its in5 Tech centre in Dubai Internet City. The addition to In5’s framework aims to further empower entrepreneurs with unimpeded access to potential investment opportunities and coaching sessions to stimulate growth and innovation. The space offers flexible office solutions to independent investors and VC organisations alike. Common areas and fully equipped meeting rooms will provide members spaces to connect and engage in5 startups as well as peers.
A digitally enabled live feed portal will also report real-time insights and funding rounds to identify investment prospects and aspiring unicorns.
This new space will enable investors to directly engage startups at in5 for funding and partnership opportunities, providing the growing volume of investors entering the UAE’s business ecosystem a common meeting and working ground to engage one another as well as ambitious entrepreneurs at the heart of a thriving startup community.
In recent years, the MENA region has become a hotbed for investment activity, paving the way for greater funding for emerging startups. According to the region’s leading data platform MAGNiTT, MENA recorded US$2.6Bn in VC funding in 2021 – the highest the region has ever seen. The UAE was most active market with startups accounting for 45 percent of all funding raised across the region in 2021. Supportive business framework, a growing number of startups and its strategic location between the East and West are strengthening the UAE’s appeal among VCs and investors from around the world. Government-led initiatives have contributed to the country’s ranking as the best place to start a new business in the latest Global Entrepreneurship Index, which is likely to further fuel investor interest in MENA.
in5 aims to further enhance the investment climate by boosting investor access to leading startups in its ecosystem. At the end of 2021, in5 startups reached a new milestone by crossing the AED 1.4 billion investment mark, a testament to the emirate’s strong position and its enabling environment for promising investment opportunities. The direct investments came through venture capital and angel investors.
in5 offers a lively calendar of events, including specialised networking events, expert-led keynotes and coaching workshops to nurture a new generation of investors within the region. Even entrepreneurs can benefit from the expert-led training seminars to improve their pitches, seek insightful advice and empower their success.