Thursday, 16 August 2012

Dearth of angels leaves UAE entrepreneurs under a cloud - The National

Regional investors are not doing enough to support start-up ventures, say two Dubai entrepreneurs.

Their warning comes after they were forced to turn to the West to raise US$500,000 (Dh1.83 million) in backing.

The inventors of the Pocket TV - a device that turns a regular television into a so-called smart TV - said they tried and failed to raise local funding for their project.

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