A Walk Through MENA
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Shortened version of a presentation I gave at HighTech Norway to a crowd of investors and entrepreneurs eager to learn about business and investment opportunities in MENA
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A Walk Through MENA
- 1. A Walk Through MENA Entrepreneurs, Innovation and Opportunity
- 2. Hi, I’m Tina! I’ve Lived in the Middle East for +13 years 45% Iran 41% Canada 4% Switzerland 8% UAE
- 3. Another Look at MENA Diverse Social Big MobileOnline Young Social Online
- 4. Another Look at MENA Big +400 Million People
- 5. Another Look at MENA BigDiverse 22 countries, over 30 dialects! In ARABIC ALONE
- 6. Another Look at MENA BigDiverse Wide variance in standard of living
- 7. Another Look at MENA BigYoung 28% MENA’s population is 15-29 years old
- 8. BigOnline Another Look at MENA
- 9. BigOnline Another Look at MENA Comparing average daily internet usage 3H 41M 5H 06M 4H 14M 1H 52M 3H 45M 4H 13M
- 10. Another Look at MENA BigSocial MENA LOVES Youtube
- 11. Another Look at MENA BigSocial Facebook users grew 54.5 à 81.3 Million May 2013-May 2014 1 out of 4 Facebook users in MENA are from Egypt Saudi Arabia counts for almost half of all Twitter activity in MENA Linkedin almost users doubled May 2013-May 2014 (4.7 à 8.4 Million)
- 12. Another Look at MENA BigMobile 1H 52M 3H 45M 4H 13M 138% 173% 173% % of mobile subcsriptions Average daily use of internet via mobile
- 13. Another Look at MENA BigMobile
- 14. What about Entrepreneurship? An available pool of talented human capital Talent Cluster growth and physical hubs, mentor networks and links to academia all increase potential for successful ventures Density Entrepreneurs seen as role models, failure as part of road to success, startup jobs are promoted Culture Not only finance, but EXPERIENCED finance. Policymakers can also help with startup capital access Capital Governments that create a supportive environment for both investors and entrepreneurs such as with ease of opening/closing a business, tax policy, patent protection etc. Regulatory Environment
- 15. What about Entrepreneurship? Talent T h e G o o d Expat heavy countries like UAE, Saudi and Qatar are melting pots Local population shifting from public sector Multucutral teams fuel innovation T h e B a d 63% of entrepreneyrs and 60% of experts state finding talent a barrier to building their team, also challenge with retaining talent and paying salaries (wamda research lab) Need more investment in education Major barrier for startups
- 16. What about Entrepreneurship? TalentDensity T h e G o o d Expat heavy countries like UAE, Saudi and Qatar are melting pots Local population shifting from public sector Multucutral teams fuel innovation T h e B a d 63% of entrepreneyrs and 60% of experts state finding talent a barrier to building their team, also challenge with retaining talent and paying salaries (wamda research lab) Need more investment in education Major barrier for startups
- 17. What about Entrepreneurship? TalentDensity 2 3 1 7 7 7 2 11 3 4 4 Incubators, Accelerators and Technology Parks in MENA
- 18. What about Entrepreneurship? TalentCulture Reinforced by society and family Fear of Failure 35% of tech entrepreneurs in region are women (vs 10% global average) Women Entrepreneurs Involving government authorities, private corporations, media and entrepreneurs Public-Private Partnerships Reinforced by society and family Risk Aversion In most MENA countries, it has competitive perks Nationals Prefer Public Sector
- 21. What about Entrepreneurship? TalentRegulatory Environment T h e G o o d Free zones have been set up where businesses can enjoy 100% foreign ownership and special tax and administrative incentives No tax in some countries T h e B a d Entrepreneurs point to cost (39%) and legal processes (28%) as costs barriers to setting up a business Significant barriers to starting and shutting down a business
- 22. Examples of Successful Startups Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium Operspiciatis unde omnis iste natus error sit volup tatem accusa ntium dolore mque lium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.01 Operspiciatis unde omnis iste natus error sit volup tatem accusa ntium dolore mque lium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.02 Operspiciatis unde omnis iste natus error sit volup tatem accusa ntium dolore mque lium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.03 Operspiciatis unde omnis iste natus error sit volup tatem accusa ntium dolore mque lium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.04
- 23. Examples of Successful Startups Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium Operspiciatis unde omnis iste natus error sit volup tatem accusa ntium dolore mque lium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.01 Operspiciatis unde omnis iste natus error sit volup tatem accusa ntium dolore mque lium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.02 Operspiciatis unde omnis iste natus error sit volup tatem accusa ntium dolore mque lium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.03 Operspiciatis unde omnis iste natus error sit volup tatem accusa ntium dolore mque lium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.04