Microsoft and Dubai-based BECO Capital
today announced a strategic partnership to support early-stage tech startups.
BECO is a regional Venture Capital firm focused on technology
investments in MENA. It provides early-stage growth capital and hands-on
operational support for technology companies in the MENA region.
Under the new agreement, Microsoft becomes BECO’s exclusive
technology partner. The partnership will centre on support for early-stage
technology companies across Middle East and North Africa territories, giving
those companies exposure to a targeted and curated audience of investors – as
well as prominence among the larger ecosystem – throughout fiscal year 2019.
“Microsoft’s credentials as a start-up mentor are well established,”
said Sayed Hashish, Regional General Manager, Microsoft Gulf. “In the MENA region,
where we have a strong track record of contributing to GDP growth, we back innovators
who have something new to offer in areas such as AI and the Internet of Things
– technologies that better enable digital transformation, the power to engage
customers empower employees, optimise operations and reinvent products and
“The level of positive response that we have seen from VCs and
start-ups has significantly surpassed our expectations. BECO’s vision for the
MENA technology sector is aligned with our own. Start-ups here have
demonstrated a level of innovation that rivals that of their global peers, and
we are very excited about the prospects and their impact to the economy in the coming
The strategic partnership between BECO and Microsoft will
continue throughout 2018 and 2019, and will extend to BECO’s community events.
These include the fourth edition of its annual signature conference, BOOSTMENA,
which will bring together 150 founders and 250 investors in Dubai, on 14 and 15
November, for two days of learning, innovation, collaboration and networking.
BOOSTMENA 2018 will be split into two days: BOOSTMENA
Founders Day and BOOSTMENA Investors Day. The hottest areas in technology will
be on the agenda, including transport, robotics, and augmented reality, and
some of the world’s leading authorities on technology and business funding will
be in attendance, many giving keynotes and presentations on issues from VC to
the future of bitcoin.
“We are delighted to welcome Microsoft as our exclusive
technology partner,” said Dany Farha, CEO and Managing Partner of BECO Capital,
and co-founder of Bayt.com, the Middle East’s largest digital recruitment platform. “They will now enjoy year-round access to a curated audience of investors and
founders and an opportunity to share mentorship with us on some of the
brightest prospects the region has to offer in the fields of AI, blockchain,
Internet of Things and many more. The MENA region is in vigorous innovation
mode, as non-IT companies scramble and search for solutions that will allow
them to do more with less. The potential to add value quickly and establish
yourself strongly is what BECO helps start-ups accomplish.”