The Institute of Finance & BIAC hold training program on tech-startups
Source: MPR Saudi , Author: Posted by BI-ME staff
Posted: Mon February 12, 2018 1:32 pm

SAUDI ARABIA. - A group of financial experts examined the challenges facing investments in technology start-ups and the best international practices to evaluate the investment opportunities of pre-revenue technology start-ups in a step that aims to increase awareness about the importance of investment in entrepreneurial projects within the financial ecosystem filling the gap between the submitted financing tools and the needs of start-ups.

In collaboration with The Institute of Finance, the Business Incubators and Accelerators  Company “BIAC”, operation and management of business incubators and accelerators, conducted a two-day training program at the headquarters of the Institute of Finance in Riyadh to better understand and develop new solutions for the evaluation of innovative technology start-ups in the presence of many financial executives and professionals. The participants were introduced to the key concepts of technology development, business start-up and investment appraisal.

The training program, which targeted the financial sector and specialized investment institutions, included an overview on the evolution of tech start-ups in the Saudi market and provided an in-depth understanding of how to evaluate financing and investment proposals in such companies while focusing on practical case studies through the valuation of existing technology companies.

The program sought to develop the capabilities and skills of workers in the investment sector and raise awareness about investment opportunities in the technical field, particularly in light of the funding gap, as the traditional methods that are currently being used by banks and financial companies to evaluate investment opportunities and financing applications are often based on guarantees and the financial register of the company without taking into consideration the project’s feasibility , technical worthiness and future growth prospects.

Photo Captions:
1. (above)  Startup Valuation traning
2. (inset)  For illustrative purposes only (File photo)

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 18, 2018
UAE. Deloitte Global mining report explores key trends in 2018: From growing demand for lithium for electric vehicles to potentially mining asteroids for rare metals; Overcoming innovation barriers and embracing digitization.
date:Posted: February 18, 2018
INTERNATIONAL. More than 63 percent of respondents in China believe driverless cars will increase road safety, while the figure is 34 percent in the United States and Germany.
date:Posted: February 17, 2018
INTERNATIONAL. Could an ill, dysfunctional city be "treated" through the creation of a "digital twin" as a test bed to prototype urban ideas in a low-risk environment?
UAE. Deloitte Global mining report explores key trends in 2018: From growing demand for lithium for electric vehicles to potentially mining asteroids for rare metals; Overcoming innovation barriers and embracing digitization.
dhgate