The Private Banking arm of Emirates NBD, a leading bank in the region, recently introduced The LaunchPad, a homegrown concept that identifies the region's brightest start-up ideas and connects them with world-class angel and early-stage investors.
The LaunchPad is the first bank-facilitated deals platform of its kind in the region, offering entrepreneurs the opportunity to showcase their businesses and pitch for seed or growth capital to a panel of international investors and venture capitalists. Held under the theme of ‘Inspiring What’s Next,’ the initiative aims to introduce Emirates NBD Private Banking clients to alternative options of diversifying their investment portfolios.
Commenting on the initiative, Suvo Sarkar, Senior Executive Vice President, Head of Retail Banking and Wealth Management, Emirates NBD said, “‘Setting up of The LaunchPad platform highlights our commitment to nurturing budding entrepreneurs in the region by facilitating access to world-class investors, as well as showcasing exciting new avenues for investment to our clients.”
The inaugural edition of The LaunchPad saw a challenging race between 25 start-ups and early stage companies, with five businesses shortlisted to pitch their ideas to three international investors at an event in Dubai, attended by Emirates NBD Private Banking clients.
The five shortlisted business included: