Injazat Technology Fund, a venture capital firm in the Middle East and North Africa (MENA) has extended an open invitation to entrepreneurs in the region to present their business plans for consultation and funding of selected candidates.
Technology companies interested in participating can submit their business plans for screening by Injazat's in-house experts. Selected applicants will be asked to deliver a twenty-minute presentation, on October 18, 2003, during Gitex Dubai 2003, at the Fairmont Hotel in front of Injazat's panel of representatives.
Injazat's panel will deliver feedback and select candidates for funding their growth and expansion plans. Injazat Technology Fund works with promising businesses that operate according to Islamic principles.
Injazat aims at promoting enterprise and the commerce in the MENA region by aiding local businesses that operate according to Islamic Shari'a principles, which blend profit motive with social responsibility and commitment to regional development. Thus, businesses in the region who wish to capitalize on their strengths and have sound business models, can explore international markets, by taking advantage of the Venture Capitalist's (VC) advice on business development, ongoing consultancy, strategic planning and professional management systems.
Injazat Technology Fund is a $50 million Venture Capital Fund operating in compliance with Islamic Shari'a principles. The fund was initiated by the Islamic Corporation for the Development of the Private Sector (ICD), an affiliate of the Islamic Development Bank (IDB), by Gulf Finance House (GFH), in partnership with Dubai Islamic Bank, Saudi Economic and Development Company (SEDCO) and Iran Foreign Investment Corporation (IFIC). — (menareport.com)
© 2003 Mena Report (www.menareport.com)
