Launch of Tiye Angels, Egypt’s First Women Angel Investment Network
Tiye Angels, the First Women Angel Investment Network in Egypt was launched in response to one of the core objectives of USAID’s SEED Project of increasing access to finance for entrepreneurs and MSMEs. USAID’s SEED, in partnership with Technology Innovation and Entrepreneurship Center (TIEC), United Nations Development Program (UNDP) and Malaikah, launched the angel investment network.
Tiye Angels was launched at RiseUp Summit, the biggest entrepreneurial summit in Cairo that is attended by thousands of young entrepreneurs and investors, on the December 7, 2019 in their annual conference themed “Journey to Growth”. The launch aligns with the theme as in most cases financing is the pipeline for startups to grow and reach their potential.
Michael Trueblood, the Deputy Office Director of the Economic Growth Office at USAID Egypt, launched Tiye Angels, showing USAID’s support to role of women in economic development. Through his speech Mr. Trueblood highlighted that having Tiye Angels as an active, visible presence in the investing space is not only important for current women entrepreneurs and women looking to become angel investors, but it also provides a valuable lesson for young women who haven’t even started their careers.
The launch was followed by a panel discussion titled “The power of women investors- creating the future (regional perspective)”, it was moderated and attended by influential female figures in Egypt and the Middle East. On the panel was Heather Henyon, Founding General Partner, Mindshift Capital (and founder or Women Angel Investment Network of Dubai) and Dalia Ibrahim the CEO of Nahdet Misr and Founder of EdVentures, moderating the panel was Neveen El-Tahri, Chairperson & Managing Director, 138 Pyramids and Delta Shield for Investment.
Throughout the panel, the speakers highlighted the challenges that face women entrepreneurs in the eco-system and how women investors have the ability and potential to assist rising entrepreneurs in growing their businesses.