March 29, 2023

#77 Unleashing the Potential: A Platform for Our MENA Region's Startup Ecosystem

#77 Unleashing the Potential: A Platform for Our MENA Region's Startup Ecosystem
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In this episode, we explore the dynamic startup scene in our region and discuss the need for a dedicated platform to support and nurture local entrepreneurs. We dive into the unique challenges and opportunities faced by startups in our area and outline the potential features and benefits of a centralized platform for networking, collaboration, and resource sharing. Join us as we envision a thriving and innovative startup ecosystem powered by a dedicated platform tailored to our region's needs.

Check it out here:

https://connectroots.herokuapp.com/

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Hello and welcome to the CTO
show with Muhammad.

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My name is Muhammad.
And in each episode, I will be

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exploring the latest trends,
insights and strategies.

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In topics, like cybersecurity
digital transformation, emerging

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Tech startups and
Entrepreneurship from thought

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leaders and innovators to
intrapreneurs and Founders who

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We'll hear from experts.
Across a wide range of

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Industries who are driving
change and making an impact in

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the world of tech and business.
Thank you for tuning in.

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Let's get started.
In today's episode, I want to

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explore with you a topic that I
wanted to bring up for quite

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some time.
The topic is startups in our

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region Middle East, North Africa
and turkey.

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Of course, this is something
very close to my heart.

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I love startups.
I'm so passionate about watching

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the Journey of successful
Founders from the very early

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moments.
I would say until they get, you

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know, the success that they wish
to have.

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I believe there are a lot of
more opportunities to have.

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We have huge potential and this
is why I'm seeing that.

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There is a pressing need to
unify the effort and get

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something dedicated to support
and nurture, our local startup

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scene in the region.
Little bit of background.

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So the startup ecosystem in our
region has been seeing

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significant growth in recent
years with an increasing number

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of entrepreneurs venturing into
various sectors such as fintech,

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e-commerce, prop, Tech
entertainment.

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And so on some notable startups,
of course, you all know about

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them have emerged from our
region like Kareem for example,

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which was the first unicorn
coming up from specifically the

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yui.
But they were not the The only

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ones.
So we have an army for example,

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that they were also in the
entertainment that they have

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done a huge success.
We have heard about swivel, for

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example.
So a lot of these startups came

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from our region which also made
us out say proud of having this

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now, To continue on this aspect.
I believe there is still a gap.

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What is this Gap?
I want to discuss a little bit

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more with you in details and
then I would put my, as they

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say, two cents on what can be
done to help the local startups.

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So while the region sold, as I
discussed this thriving Moment,

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The Challenge is mainly that I
believe they are still Hold on,

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we have a lot of entrepreneurs.
We have investors, we have

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talents, we have infrastructure,
we have the proper regulations,

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but despite all these there is
still nothing that unify all

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these together.
Let me give you an example, a

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lot of time, and I heard it.
And I've seen it.

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I met a lot of entrepreneurs,
they have brilliant ideas.

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They even have a Product Market
fit out say, but unfortunately,

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they were not able to find the
proper funding on the other

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side.
I've seen investors struggling

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to find proper startups to
invest in.

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Talents.
I have seen Founders struggling

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to find talents while I've seen
also talents struggling to, you

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know, collaborate with other
Founders to come up with the

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next big thing.
So if you see the trend we have

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like a skater don't set up and
just fuel of these startups they

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are matched to the proper
investors, proper talents and

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then they go to the next step.
So, of course, we have a lot of

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structure in place as I said, so
we have local incubators and

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this is across all the region
where you can find.

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A lot of them here in the UAE,
in the Kingdom of Saudi Arabia,

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in even other in Bahrain, Qatar
and so on.

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So we have this incubators we
have accelerators, we have

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government initiatives right?
And These programs have helped

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these startups but this is what
I'm talking about.

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There is still room for
improvement and this is the main

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topic of today.
There is a need of a dedicated

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platform to better support our
local startups.

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I believe that such a platform
could address some of the gaps

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in our ecosystem by connecting
Founders to talents talents, to

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Founders investors to Founders
or startups and not only in

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Connection in sense of just have
a page and tell us what you are

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doing and then we will decide.
I believe it's something more

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advanced than this and it's
something more holistic where

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the platform should not only be
kind of a listing similar to

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what you do in a real estate
listing website or similar to

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what you would do if you are
Saying, something, and you're

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looking for a bias, it should
not be the only aspect of it.

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It should be a full ecosystem
with even the incubators, even

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the accelerators, the talents
involved.

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And having this open networking,
having the events having the

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mentorship access to resources
and promoting collaboration.

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I'm talking about a platform.
Like this would not be only to

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empower entrepreneurs but also
to contribute to the overall

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growth and vibrancy of the
regional startup scene.

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Division.
We have and we have something

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that we are planning to lunch.
With my counterpart.

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Mohammad, not there.
Is.

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Having the platform first and
foremost to be a centralized hub

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for networking and
collaboration.

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Sharing ideas, sharing
experiences.

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Connecting of course, local
startups with investors mentors,

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incubators accelerators service
providers.

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Getting the know how majority of
the time and I have heard this

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also from a lot of young
graduates that they don't know

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how things are done.
They they have ideas.

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They have you know Vision but
they don't know.

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How to start.
They don't know if the

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technology is the fit for their
ideas, they don't know which

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technology to choose on the
other side.

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Some people would have already
something implemented but they

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don't know what is the best
business model for that.

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So here we wet The Hub.
Is the place we're having all

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these resources, whether it's
educational resources, workshops

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webinars, you know, access to
Industry, experts.

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It's all centralized in one
platform.

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And of course, the platform
could facilitate sharing of best

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practices.
Success, stories Lessons Learned

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fostering a supportive Community
for local entrepreneurs.

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I believe implementing such
platform could have wide range

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of benefits and lasting impact
on the regional startup scene.

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As I said, providing the support
and resources, can help more

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startups to come up to overcome
the challenges, if they face it

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and succeed.
In the long run.

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I believe this could lead to
proper ecosystem, increase, in

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job, creation, economic growth
and Innovation with our region.

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I believe we have the potential
now with all the changes

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positive changes that happened
in the recent years and the way

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The government support is given.
We have a really opportunity to

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make our region a capital for
startups.

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And I believe you will have more
verticals to focus on.

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And you know, if I start to name
them you know, this episode will

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we go long and long but just we
did.

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Good job in fintech with a good
job in e-commerce.

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We did good job in prop tag.
But I see there's still a lot of

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potential in deep Tech in real
Technologies to be.

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Coming out of our region.
In conclusion, I believe that

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this dedicated platform will
have a huge impact on the

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startup scene.
Not only necessary for the

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potential of as I said matching
between startups and investors

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but it's more about addressing
the existing gaps and providing

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the support.
We can reach a place where we

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have a thriving and if setup of
startup ecosystem that benefit

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the whole region, I invite you
to sign up to our platform that

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we are planning to build.
Would love to hear your feedback

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would love to know your thoughts
about it and we would be more

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than happy to discuss.
Special use cases that you would

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like to see in such platform, we
are still in the early phases

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and we hope that we will be able
to make an impact, a positive

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impact of course, on our region.
Thank you very much for joining

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me on this episode.
I will be sharing the link for

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sign up.
And if you have any thoughts,

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any questions about this topic
or any other topic, feel free to

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reach out to me, either by email
on Twitter or LinkedIn.

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And please don't forget, to
subscribe to our podcast and

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stay tuned for more exciting
episode.

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Thank you very much until next
time.

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Bye bye.