The Muslim world is undergoing a seismic and exciting transformation. A new generation of tech-savvy entrepreneurs in cities such as Cairo, Dubai, Lahore, and Jakarta, are creating ventures that seek to not only generate strong financial returns, but also solve pressing societal problems.
Establishing a business, especially in emerging markets, requires exceptional courage, discipline, and persistence. Entrepreneurs in the Muslim world, in particular, face a plethora of social and economic challenges – and have limited support systems to call upon for advice and assistance.
By far the biggest challenge is fundraising. Many start-ups are faced with the “chicken and egg” situation, whereby entrepreneurs require proof points to raise capital but require capital to achieve proof points. The Falcon Network was founded by a group of committed and visionary investors to tackle this growing problem.
Illustration Photo: Great International Developer Summit 2019 in India (credits: Saltmarch Media / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))