US$1 billion funds to boost start-ups

RITIKA SHARMA Emirates Business

A whopping US$1 billion in startup investment funds will be present at the STEP conference, which will host more than 200 start ups and exhibitors, organisers announced.
STEP, the largest tech and interactive gathering in the Middle East to be held in Dubai next month, plans to host more than 5,000 industry leaders and entrepreneurs from companies like Facebook, Youtube and Google this time.
Known for bringing latest trends in innovation – across tech, design, gaming and entertainment – to one platform, STEP conference 2016, promises to be more conducive than ever before.
Ray Dargham, co-founder and CEO of STEP Group, told Emirates Business, “Step 2016 will attract the largest gathering of MENA venture capital funds and angel investors who invest in startups – all in one room on April 4-5 in the commercial capital of UAE. This includes Venture Capital (VC) funds such as Wamda Capital, BECO Capital, MEVP, Leap
Ventures and many others.

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