Angel Investment Panel Discussion at Techne Summit
As part of the Women
Entrepreneurs’ Network (WEN) objective of increasing women’s access to finance
through the establishment of a Women Angel Investment Network, USAID’s SEED, in
cooperation with the Technology Innovation and Entrepreneurship Center (TIEC),
held a panel discussion on Sep-29 during the Techne Summit held at the
Bibliotheca Alexandrina, Alexandria Governorate.
Techne Summit is the
first initiative of its kind in the ecosystem which conducts an annual event in
support of Startups in the technology track, with special focus on Women
This year, Techne
Summit focused on investment channels for startups, which was a good
opportunity for USAID’s SEED to hold a panel discussion titled “Women Investing
in Women: Challenging Stereotypes and Closing Gaps”.
On the panel was
Eng. Samir El Alayly, Chairman of Malaikah NGO and Investa Venture Capital; Joy
Ajouny Co-founder of Fetcher; Rasha Tantawy Head Entrepreneurship Support at
TIEC; Dalia Ibrahim, Founder and CEO of EdVentures; and the panel was moderated
by Menna Abdel-Rahman former Cairo Angels General Manager.
The panel’s main
goal was to raise investors’ awareness on the importance of women invest in
other women. Challenges and stereotypes that women face when pitching for
investments were highlighted and discussed, and investors from both genders said that they witnessed
the challenges that face women when pitching for investment.
One of the examples given was that of a female
entrepreneur who had to pitch for almost 300 Venture Capitals before managing
to obtain the investment that she needed.
During the heated
panel discussion, Mrs. Ibrahim, who invested in women-led startups, against all
odds, highlighted the importance of having a women investor vouch and lobby for
other women entrepreneurs, as they tend to employ and help other women.
The panel also
emphasized the importance of impact investment in female-led startups, given
that women often tend to be intimidated by male investors.