We’re halfway through the year– a great time to evaluate our progress during 2016. And we’re happy to report that there has been progress–lots of it!
Since the beginning of the year, WOMENA has welcomed new angel investors, added additional staff and invested in some pretty sparkly portfolio companies #Blessed.
We’re especially proud to see our commitment to promoting diversity and empowering women paying off. Throughout the GCC, women’s metrics have steadily been gaining ground. For example, in the UAE women make up 70% of university graduates and 60% of government workers. WOMENA is dedicated to working towards achieving similar numbers in MENA’s angel investing and entrepreneurship world.
According to a 2016 ArabNet report, only 13% of MENA entrepreneurs are women. In 2016 Q1, the participation of female entrepreneurs in WOMENA pitch meetings was 17% higher than the regional average, with 30% of the founders presenting being female. In addition, the female attendance rate at our educational and pitch events were 65%–which translates into new female angel investors and entrepreneurs getting ready to launch.
Besides our pitch meetings and educational workshops, WOMENA has been spreading the good news about angel investing and diversity at many other events, including Angel Summit Dublin, startup and tech extravaganza STEP 2016, SBWC and Arabian Business’ ‘Startup Academy‘ and social impact forum Ta’atheer. Our work promoting angel investing in the Middle East has been featured in several articles, including Leaders Middle East, Cairo Scene, Inc.com, and Emirates Business, to name a few.
Check out some of our numbers below and keep in mind that WOMENA’s progress is powered by YOU–our investors, partners and supporters!