Indian Angel Network (IAN) has formed a strategic partnership with iAccel Gulf Business Incubator (iAccel GBI), an accelerator under Dubai SME’s patronage. This collaboration aims to attract Middle Eastern investors to the Indian start-up ecosystem and help Indian start-ups expand in the UAE.

IAN’s diverse portfolio of innovative start-ups will now be accessible to investors in the Middle East, offering alternative investment opportunities and bringing domain expertise and mentorship to India’s growing entrepreneurial landscape. This initiative aligns with IAN’s efforts to extend its Angel platform and the IAN Alpha Fund to the Middle East.

IAN’s chairman, Saurabh Srivastava, highlighted that this partnership supports the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE. He emphasized that the IAN platform allows Middle Eastern investors to engage with Indian start-ups at the angel level and through the IAN Alpha Fund, providing mentorship and aiding in market expansion to the Middle East.

Vivek Mansingh, Chairman of the Advisory Board at iAccel GBI, mentioned that the partnership creates a synergistic bridge between the two economies. It offers Indian start-ups unparalleled prospects to expand in the UAE, aligning with the UAE’s D33 agenda to double its economy and enhance global competitiveness. The collaboration aims to foster innovation and entrepreneurship, benefiting both economies.

Source: Business Today