Good news, not so good news... On the positive side, governments have launched a series of significant new initiatives designed to inject capital into the Middle East’s entrepreneurial sector. To cite two examples, Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry, and Dubai will invest over $270 million in a program for enabling rapid development of transformative technologies. Across the region, we are seeing a welcome commitment by governments and private investors to encourage and fund entrepreneurship. The goal is simple: to spur innovation and economic development.
Image: http://www.forbesmiddleeast.com
