December 4th, 2012
MENA Apps signed on Tuesday 4th December, 2012, a partnership agreement with leading Spain-based accelerator Top Seeds Lab.The agreement was signed in Madrid – Spain, by Founder and CEO of MENA Apps Dr. Abdul Malik Jaber and Co-Founder of Top Seeds Lab Ignacio Macias. This step corresponds with MENA Apps’ ongoing efforts to establish an eco-system that facilitates the operations of start-ups and supports entrepreneurship across the MENA region.
MENA Apps seeks to establish a Pan Arab network of accelerators, angel investors, mentors and seed fund investors that will provide entrepreneurs across the Arab World with the needed support to accelerate their business ideas and initiatives, as well as establish new start-ups that are supported by MENA Apps and its network.
By virtue of the agreement, MENA Apps and Top Seeds Lab will form a joint investment fund which will invest in the establishment and internationalization of technology start-ups in Spain and across the MENA region. The fund will facilitate interaction between start-ups, venture capital and angel investors in both regions, as well as commercialize the best projects presented by young entrepreneurs from across Europe, the Middle East and North Africa.
Through the joint investment fund, MENA Apps and Top Seeds Lab will collaborate in terms of providing the start-ups with financing, mentoring, technical support and business development opportunities, helping the selected projects to not only be positioned as leaders in their respective sectors, but to also penetrate and grow in potential international markets.
“We are proud to partner with Top Seeds Lab and are confident that this agreement with positively impact the entrepreneurial landscape in the MENA region and Spain. MENA Apps and Top Seeds Lab are currently in the process of finalizing an action plan for 2013 in order to provide entrepreneurs with a platform for cooperation, joint activities, exposure to investors and market penetration. Training, coaching and mentorship opportunities will also be offered by both parties,” commented Dr. Jaber.
“Our agreement with Top Seeds Lab is one of many partnerships MENA Apps is scheduled to unveil in the near future, all of which correspond with the Company’s strategy aimed at bridging gaps and exchanging experiences with leading accelerators, venture capital funds and angel investors across the world,” added Dr. Jaber.
In turn, Macias expressed pleasure at signing this agreement with MENA Apps, and confirmed that this collaboration will positively impact start-ups across Spain and the MENA region. Macias added that he looks forward to visiting the Middle East to meet with start-up companies and angel investors in the Arab World. He also expressed his delight with the fast-pace of development in the Arab region, particularly in the area of Internet start-ups, and reaffirmed that this agreement will significantly benefit both MENA Apps and Top Seeds Lab.