Competitiveness: As Middle East boil & Palestine gets internet start-up money

Diagram of venture capital fund structure for ...

Image via Wikipedia

 

Blog Note:

The Middle East is rocking to its foundation from social media enlightening the people there of their power and rights for better life. Protesters continue to hit the streets in protest-very much organized through the social media-with internet sites like wikileaks spurring them on.

It is interesting to note, that a venture capital fund is now there to invest in Palestine high-tech firms.

The following is from Emerging market Private Equity Blog:

Palestinian Technology Venture Fund MEVCF Launches Operations (Middle East)

PRNewswire (03/09/11)

The Middle East Venture Capital Fund (MEVCF) has announced that it has secured US$28.7 million in commitments. The fund will invest in Palestinian startups focused on the internet, mobile and software sectors. Those making commitments include Cisco, Google, The Soros Economic Development Fund, Skoll Foundation, Jean and Steve Case and the European Investment Bank.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s