The state of pre-seed startups in Mena + key takeaways from STEP 2020 | Investasi Emas Online The state of pre-seed startups in Mena + key takeaways from STEP 2020 | Investasi Emas Online
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The state of pre-seed startups in Mena + key takeaways from STEP 2020

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Investasi Emas

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Innovation is at the heart of the UAE's economic agenda and the government has launched multiple initiatives and programmes in its mission to become a knowledge-based economy, but barriers still remain for startups looking to disrupt the market.
Earlier this week at STEP Conference 2020, Wamda led the discussion on the struggles that startups face in their earliest stages of operations. In this report, we took a closer look at the state of pre-seed startups in Mena, where we found that the cost of setting up and the difficulty to identify and attract the right talent are still some of the most pressing concerns for entrepreneurs.
Investors with some $1 billion in their pockets were in Dubai for STEP Conference this year, demonstrating the regional ecosystem's progress. Openly addressing current startup ecosystem gaps, the rise of Chinese tech presence and the state of corporate innovation, here's what we learned from this year's biggest startup event.
Our recent report outlining 'The state of pre-seed startups in Mena' gathered data from over 600 startups in Mena who applied for the second cohort of Wamda X, in addition to research from STEP Conference. Download the full report on Wamda.
 
In case you missed it - here's our round-up from News Watch:

MarkeetEx raises $1 million seed
The Chefz raises six-figure seed
Vezeeta raises $40M in Series D funding
Okadoc closes $10 million Series A
Eat raises $5 million in Series B funding
PIF invests in SellAnyCar.com
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