AIM Startup Reduces The Gap Between Investors, Startups and Interns

MAGNiTT News zawya.com - 2 years ago - Sun, Apr 8, 2018, 9:15 AM

AIM Startup Reduces The Gap Between Investors, Startups and Interns
Author: MAGNiTT

By Rima Shetye / Zawya Thomson Reuters

 

SOURCE : Zawya - AIM Startup bridges the gap between Investors, Startups and Interns


Highlights

  • Aim Startup is grooming interns for investment matchmaking to help fund start-ups in the GCC
  • Around 20 volunteers will get hands-on training on graphics, producing video, documentaries and prepare media report on the event to be posted on several media platforms
  • Interns are getting first-hand experience in investment matchmaking that will help them develop a career in financial advisory services
  • AIM Startup winners will be awarded with various prizes, including a total cash prize of $50,000
  • More than 200 start-ups will showcase their innovations to a global audience in AIM Startup 2018

A UAE company is grooming more than 50 interns and volunteers to help the region’s start-ups get enough funding and develop their business that will have significant impact in the lives of more than 53 million people living and working in the GCC.

Dubai-based Strategic Marketing and Exhibition LLC, organisers of AIM Startup – the largest platform for start-ups in the Middle East and North Africa (MENA) region – is training and developing more than 50 young men and women so that they learn about startups and gain a greater knowledge about the steps it takes to set them up. By attending AIM Startup they would be able to gain real-life experience from the industry experts which goes beyond textbooks.

Startups in the MENA region last year raised US$560 million, according to Magnitt, a startup research organisation, which predicts that the startup funding could exceed US$1 billion this year.

Dawood Al Shezawi, President of AIM Startup, said. “As we train them and put them in contact with the larger stakeholders – including start-ups and venture capital funds, they get a larger exposure in negotiations and financial advisory skills – which could help them to develop a career in these fields.

“This way, our young minds are also contributing to the UAE and GCC economies by helping startups expand their business and generate employment.”

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