The Middle East: Overcoming Risk Aversion to Unleash Innovation The Middle East stands at a crossroads, poised for innovation but held back by a deeply ingrained culture of risk aversion. This mindset, rooted in historical and societal norms, stifles entrepreneurship and limits the region's potential as a global innovation hub. Key challenges: • Cultural stigma around failure • Lack of venture capital for high-risk ventures • Regulatory hurdles and limited IP protections • Brain drain of talented innovators However, change is on the horizon. Emerging startups like Careem demonstrate the region's potential. To fully unleash innovation, the Middle East must: 1. Reform education to foster critical thinking and entrepreneurship 2. Shift cultural narratives around risk-taking and failure 3. Streamline regulations and protect intellectual property 4. Attract global talent and leverage diaspora networks By embracing risk and nurturing a robust innovation ecosystem, the Middle East can drive economic diversification, create jobs, and shape a future of progress and prosperity. It's time for the region to overcome its risk aversion and unleash its boundless creative potential. The future of innovation in the Middle East starts now. #MiddleEastInnovation #Entrepreneurship #RiskTaking #EconomicGrowth https://lnkd.in/dBrPXbey
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AI expert. Knowledge curator, filtering the noise and contributing to a more informed world. Urban lover. Member of ICRAC and SKR. Co-founder Afkar Collective, Professor of Law and Science and Technology Studies UAB
The Middle East's deep-rooted risk aversion is stifling its potential for breakthrough innovation. Yet, in the face of climate change and existential threats, this is precisely the time to take bold risks. The region must shed its cautious approach to drive the innovative solutions our world desperately needs. With extinction looming, embracing risk isn't just an option—it's a necessity for survival and progress. #MiddleEastInnovation #ClimateAction #RiskTaking #Entrepreneurship #SustainableFuture #TechInnovation #GlobalChallenges #BreakthroughIdeas #MiddleEastTech #InnovationMindset
The Middle East: Overcoming Risk Aversion to Unleash Innovation The Middle East stands at a crossroads, poised for innovation but held back by a deeply ingrained culture of risk aversion. This mindset, rooted in historical and societal norms, stifles entrepreneurship and limits the region's potential as a global innovation hub. Key challenges: • Cultural stigma around failure • Lack of venture capital for high-risk ventures • Regulatory hurdles and limited IP protections • Brain drain of talented innovators However, change is on the horizon. Emerging startups like Careem demonstrate the region's potential. To fully unleash innovation, the Middle East must: 1. Reform education to foster critical thinking and entrepreneurship 2. Shift cultural narratives around risk-taking and failure 3. Streamline regulations and protect intellectual property 4. Attract global talent and leverage diaspora networks By embracing risk and nurturing a robust innovation ecosystem, the Middle East can drive economic diversification, create jobs, and shape a future of progress and prosperity. It's time for the region to overcome its risk aversion and unleash its boundless creative potential. The future of innovation in the Middle East starts now. #MiddleEastInnovation #Entrepreneurship #RiskTaking #EconomicGrowth https://lnkd.in/dBrPXbey
Unleashing Innovation in the Middle East: Confronting the Paradox of Risk Aversion
afkarcollective.com
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Chief AI Officer @ Epic labs | Digital Transformation Expert | Ex-Amazon | I empower driven professionals to launch their own business and build 7-figure businesses in 12 months, using cutting-edge AI Infrastructures.
Diving into the Global Innovation Index 2023, it's truly inspiring to see how nations across the world are pushing the boundaries of technology and business. Switzerland is setting the bar high, with Sweden hot on its heels - it speaks to the power of investing in infrastructure and business sophistication. What caught my eye is Singapore's leap to the top in Asia; it's a reminder that strategic innovation can lead to remarkable growth and global recognition. This index, evaluating 80 diverse indicators, isn't just numbers to me; it represents the aspirations and potential of countries to shape a technologically advanced future. I'm excited to see how these insights can influence our strategies in the startup ecosystem. There's so much we can learn and apply from these innovation leaders. Here's to creating and innovating without limits! 🚀🌐 #Innovation #GlobalTrends #Entrepreneurship #BusinessGrowth #TechnologicalAdvancement"
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Robinson Kingsley Investment Strategies Inc is once more present for Day Two of the Africa/Caribbean Achievers Summit, being hosted by The Wealth Masters Group. The conversation taking place presently being led by Emerson John-Charles is focused on Disruptive Innovation. Governments must set the plan in motion to create an Innovation Ecosystem, so that Universities; other places of learning; Centres of Excellence and Industry operators can all work together to boost Innovation and further entrepreneurship.
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Great panel on "Global Trends in Investment" at the Pan Americas Cross Border Co-Investment Summit hosted by the Canadian Consulate General. Insights from the panel: 🎯 The transformative power of diverse government models in fostering innovation, highlighting successful strategies from around the world that have propelled startups to new heights. Startups in countries like Saudi Arabia and the MENAT region have benefited greatly from government support. 🎯 The U.S. Economic Development Administration has deemed South Florida one of 31 tech hubs in the United States, specifically a Climate Resilience Tech Hub. 🎯Profitable business models once again as a top priority for founders and investors alike, as well as an increase in down rounds. We explored how the public sector can act as a stabilizing force, providing much-needed support to the startup ecosystem. Great insights from Susan Amat, Leigh-Ann Buchanan, Esq., and our very own Anna Papalexopoulou! #MiamiTech #Innovation #Entrepreneurship
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Robinson Kingsley Investment Strategies Inc is once more present for Day Two of the Africa/Caribbean Achievers Summit, being hosted by The Wealth Masters Group. The conversation taking place presently being led by Emerson John-Charles is focused on Disruptive Innovation. Governments must set the plan in motion to create an Innovation Ecosystem, so that Universities; other places of learning; Centres of Excellence and Industry operators can all work together to boost Innovation and further entrepreneurship.
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The UN Trade and Development (UNCTAD) Multi-year expert meeting on Investment, Innovation, and Entrepreneurship for Productive Capacity-Building and Sustainable Development will take place from 30 September to 1 October 2024 at the Palais des Nations, Geneva. The meeting will address key topics crucial to advancing sustainable entrepreneurship, #MSME growth, and the role of business development services in fostering innovation. Discussions will focus on: 🔹 The evolving landscape of MSMEs and #startups 🔹 Strategies for sustainable business development systems 🔹 The impact of digitalization and new technologies on entrepreneurship 🔹 The importance of upskilling and reskilling for future business challenges This meeting will convene key stakeholders to discuss policies and strategies for fostering inclusive and productive economic growth in line with the #SustainableDevelopmentGoals.
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Some of our brilliant team members recently attended the AfricArena Johannesburg #DeepTech Enterprise & #GreenEconomy Summit 2024. This exciting event focused on the intersection of cutting-edge technology, enterprise solutions, and building a sustainable future for Africa. 🌍 At UCA, we're passionate about leveraging technology to empower businesses. Our innovative development platform is a prime example, helping companies identify and mitigate risks, ultimately propelling them towards success. 🏆 The summit's focus on deep tech and enterprise solutions perfectly aligned with our mission, and we gained valuable insights from industry leaders and fellow innovators.👏 #AfricArena #DeepTech #GreenEconomy #Innovation #RiskManagement #UnconventionalCA #entrepreneurialjourney #entrepreneurship #businessowners #development #growthmindset #technology #successmindset #ignitingmzansi P.S. Stay tuned for more updates on how we're using technology to make a positive impact❗️
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The World Intellectual Property Organization (WIPO) is all set to release the 17th edition of the Global Innovation Index (GII) 2024 on September 26, 2024. 🎉 This year's report promises to provide deep insights into the innovation landscape worldwide, with a special focus on the role of social entrepreneurship in driving innovation. As we continue to navigate an ever-evolving global economy, understanding the dynamics of innovation is crucial for shaping a sustainable future. https://lnkd.in/dcFU2wge #Innovation #GII2024 #WIPO #CII #GlobalInnovation #IntellectualProperty
Release of the Global Innovation Index 2024 (September 26, 2024)
wipo.int
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🌱 Shifting Gears: From Managerial to Entrepreneurial Sustainability 🚀 2024 marks a pivotal shift in the sustainability landscape. With the groundwork laid for compliance, leaders now have the bandwidth to embrace entrepreneurial endeavors. The EU's CSRD and the USA's SEC disclosures set the stage for innovation. Companies, equipped with robust reporting functions, can now focus on developing new products and pioneering sustainable solutions. It's time to move beyond compliance and seek strategic advantage. Exciting times ahead! #Sustainability #Innovation2024 #Entrepreneurship 🌍💡ATLAS SkillTech University ity Dr. Aditi Mi
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📘 Introducing: Metta Blog Series Collection 📘 Have a look at a few of our most popular articles on our blog page - this week we're looking specifically at our blogs that include #government and public sector, and how they can help drive #innovation in the overall #ecosystem. 💡 Creating more Diversity in the VC World - https://bit.ly/4bmI7nJ 💡 Closing the Loop: Innovation in the Circular Economy - https://bit.ly/3rr0PZH 💡 Analysing Iraq’s Startup Ecosystem - https://bit.ly/3NIjvuR 💡 Innovation in the climate space - https://bit.ly/3XqK5Nw 💡 Supporting Innovation and Entrepreneurship in the South of Scotland - https://bit.ly/3V7bCE1 💡 Politics, technology and policy pt. I - https://bit.ly/3K7JwSY -- #metta #government #ecosystem #publicsector #innovation #sustainability #founders #tech #Entrepreneurship #CircularEconomy
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