in5, a Dubai-based enabling platform for entrepreneurs, has launched a brand-new dedicated space to accommodate angel investors, venture capitalists and institutional investors at the heart of the in5 Tech center in Dubai Internet City.
The permanent space, which is an addition to in5’s current offerings, will allow investors to directly contact companies at in5 for funding and collaboration opportunities, improving Dubai’s global reputation as an ideal destination for investment and entrepreneurs. The space was launched at the Step Conference 2022, Dubai’s largest tech festival, in partnership with Dubai Internet City.
The first-of-its-kind space provides the growing volume of investors entering the UAE’s business ecosystem a common meeting and works ground to engage one another as well as ambitious entrepreneurs at the heart of a thriving startup community.
in5 has always facilitated access to investors for businesses at all phases of their entrepreneurial journey, from seed funding to Series A fundraising. The addition to the enabling platform’s framework aims to further empower entrepreneurs with complete access to potential investment opportunities and coaching sessions to stimulate growth and innovation.
Majed Al Suwaidi MD – Dubai Media City
“Over the past twenty years, Dubai has successfully created a globally competitive business ecosystem and emerged as an attractive destination for entrepreneurs and investors from around the world. Comprehensive physical and digital infrastructure and an enabling business framework have cultivated a fertile environment for talent and startups to grow, thrive and innovate, and in5 plays a significant part in providing them a supportive platform from which to launch.”
in5 aims to further enhance the investment climate by boosting investor access to leading startups in its ecosystem. At the end of 2021, in5 startups reached a new milestone by crossing the $381 million investment mark, a testament to the emirate’s strong position and its enabling environment for promising investment opportunities. The direct investments came through venture capital and angel investors.
Since its inception, the incubator has supported over 500 businesses, with a quarter of them being led and managed by women. This is nearly twice as high as the regional average of women-owned SMEs, according to the World Bank, and in line with international standards in places like Australia, Europe, and North America.
