Sheraa to offer support at every stage of entrepreneurial journey

The officials with the participating start-ups.

Nine startups within the Sharjah Entrepreneurship Center (Sheraa) entrepreneurial ecosystem connect with UAE investors at the Emirates Angels Open Day networking session, organized in partnership with the non-profit Emirates Angels Investors Association at the House of Wisdom tied.

The event is designed to facilitate access to investment and connections to grow and fund their innovative ventures.

Sheraa’s startup founders operate across a cross section of industries including AI, healthcare, agritech, F&B and wellness. The matchmaking opportunity allowed angel-stage startups to benefit from the resources and expertise of Sheraa’s investor network.

Impact-oriented community of changemakers

Speaking to the community of founders, investors and stakeholders at the event, Najla Al Midfa, CEO of Sheraa, said that the vision of building the startup ecosystem in Sharjah six years ago by fostering innovation and growth opportunities has led to the growth of 114 Led startups that raised $87 million in investment and $130 million in revenue over a five-year period.

Al Midfa added, “Building on Sheraa’s Founder First philosophy, we are committed to supporting the game-changing visions of our founders by connecting them with passionate investors and industry players in the region to generate investment and build sustainable businesses. “

“Facilitating their access to growth stage capital and support when it is needed most makes the biggest difference in our founders’ entrepreneurial journey.”

Hailing the Emirates Angels community for bridging the gaps in angel stage investments in the UAE and for being “true examples of leaders and enablers in the ecosystem”, the Sheraa CEO said: “Every founder present today have unique qualities that make them successful – they have big ambitions, are enthusiastic about the ideas they are working on; and have demonstrated the qualities of resilience in meeting the challenges during the pandemic.”

In his speech, Emirates Angels Investors Association Board Member Mohamed Al Owais said the company was formed in 2020 to accelerate the startup scene in the UAE by connecting founders with a network of passionate and active investors contributing to early investments can founding phase in the region.

Jassim Al Rahma, General Manager of the Emirates Angels Investors Association, commended Sheraa’s efforts to build a supportive entrepreneurial ecosystem in the UAE, saying that the NGO was established to meet the needs of supporting tech startups, by facilitating access to finance through angel investors.

“We are filling gaps in this sector and our aim is to raise awareness and awareness of angel investing among investors and entrepreneurs, as well as offering networking opportunities to match angels with relevant startups.”

Sheraa founders presenting their startups at the event included Jalebi, a platform for purpose-built restaurant operating systems; Foloosi, a fintech solutions provider; Cupmena, an agritech startup; Bookends, a platform for buying and selling used books; and PharmaVgate Academy, an online academy for pharmaceutical professionals, pharmaceutical companies and educational institutions.

Wellness industry representatives included Lizzom, a sustainable period care platform, and Mint Basil Market, a personalized wellness platform.

Startups exploring the virtual worlds included Fifth Wall Immersive Media Lab, a next-generation media creator; and Outreal XR hosting 3D virtual events in the Metaverse.

Following their presentations, the founders of Sheraa had face-to-face meetings with investors from Emirates Angels.

Meanwhile, Sharjah Entrepreneurship Center (Sheraa), in cooperation with TDRA’s ICT Fund, recently organized a discussion session entitled “Web3: Building a Community in the Metaverse” at Sharjah’s Research, Technology and Innovation Park. The session aims to expand the entrepreneurial community’s knowledge of the Metaverse and emerging technologies that may affect their interaction with real and virtual worlds.

The session aligns with Sheraa’s mission to empower entrepreneurs and cultivate a world-class entrepreneurship ecosystem in Sharjah and the UAE. It explored the challenges and creative opportunities for aspiring individuals interested in building communities in a shared virtual world.

The event took place at the Sharjah Research Technology and Innovation Park (SRTIP) and was moderated by Nelio Leone, the founder of UrbanMonks.io. The event was attended by high profile experts including Hoda A. Alkhzaimi, Director of the Center of Cyber ​​Security at New York University Abu Dhabi; Giuseppe Moscatello, curator and art producer; Vincent Ghossoub, founder of Nifty Craft and Falafel Games; and Ritesh Tilani, founder of Enhance Ventures.

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