On a recent Thursday evening, ahead of the Islamic weekend, the newest cafe-office space in Dubai, Make business hub, was busy and buzzy. About 60 guests from the United Arab Emirates and nearby countries were being courted by seven international start-ups, who were presenting their business plans in the hope of attracting angel investors and venture capital funding.
The start-ups had been discovered by SeedStartup, a venture capital fund and start-up accelerator program based in Dubai. “We invest between $20,000 and $25,000 in businesses we believe have potential and take a 10 percent equity,” said Rony el-Nashar, the founder of SeedStartup. “It’s a higher risk we’re taking, because we’re investing in essentially nothing.”
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