Annual Report 2013

Year Ended December 31, 2013

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2013 was a wonderful year. Our entrepreneurial ecosystem continued to blossom and so did our stakeholders: startups, social entrepreneurs, job creators, accelerators, angel investors, active mentors, venture capitalists, research centers, and university spinouts. Silicon Valley and MENA-based Arab entrepreneurs, women and men, sparkled. Serial entrepreneurs created in excess of $4 billion in shareholders’ value. In the Arab World, allocations to venture capital investments ballooned from $120 million to $500+ million. Investments from Silicon Valley firms in Arab-led startups exceeded $200 million. Startups mushroomed across the board from e-commerce, enterprise software, mobile payments, media, entertainment, wearable devices, and 3D printing to spinouts from idea labs and leading Science & Technology Centers in Big Data, Cloud Computing, Security, and Biotech.

Incubators in Jordan, Egypt, Lebanon, Dubai and Saudi filled to capacity. Angel investor groups formed and took an active role in early stage financing. Corporate partners deployed effective programs and platforms to accelerate product development. Some expanded their presence to Silicon Valley. All in all, the stage was set for TechWadi to make an exceptional impact in our traditional mentorship and acceleration roles. Our privileged location in Silicon Valley, coupled with a passionate team of volunteers and key partners with a deep connection to the MENA region, enabled us to act as a gateway for international collaboration, to empower a highly creative and talented pool of entrepreneurs, and to help build a sustainable infrastructure for entrepreneurs to thrive.

Collaborations with strategic partner organizations expanded our reach and reinforced our ambition. UC Berkeley and Microsoft played significant roles in hosting networking events, so did NestGSV. We represented the Middle East at the impressive Global Mobile Internet Conference in San Francisco where 10,000+ mobile apps entrepreneurs from 60+ countries attended. We co-hosted the first hackathon in Qatar as well as the MIT Arab Startup Competition finals in Doha. Working with Enterprise Qatar and Silatech, we completed the planning phases to launch an incubator in Doha, a corresponding accelerator in Silicon Valley, and a $100 million VC fund. Our relationship with Harvard University through the Harvard Arab Weekend and with Stanford University in the AMENDS Conference grew for the second year in a row. Last but not least, our collaborations with entrepreneurship initiatives (AUC, Oasis500, PALinnO, Flat6Labs, and i360) in the Middle East ensured our efforts were focused on what we are committed to: building bridges for entrepreneurship.

With the help of our partners, expansion and impact became the themes of the past year. Capitalizing on TechWadi 100 - our network of highly accomplished executives, entrepreneurs, CEOs and investors who have committed heart and mind to mentor promising startups – we have successfully launched two noteworthy initiatives. The first is business acceleration of the MIT ABC three finalists in Silicon Valley. This includes housing, mentorship, business development, and angel financing. The second is a major social entrepreneurship program, Nebny, to assist in education, health care provision, and vocational training for residents of Cairo’s “garbage city”, Manshiet Nasser. Both initiatives proved most effective.

We have seen incredible results in the past year and are deeply grateful to our members and sponsors, and particularly honored to have the Skoll Foundation and Google for Entrepreneurs act as key supporters in our efforts to scale our capacity to assist those in need. We are equally honored to have Deena Shakir and Hala Fadel join our Board. We look forward to an extraordinary 2014.

Ossama HassaneinChairman of the Board

PErSPECTIVE

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2013 HIGHLIGHTS TechWadi VC Forum at NestGSV in Silicon ValleyThe TechWadi VC Forum brought together investors from North Africa (PNB-NAPEO), an ICT delegation from Palestine (PITA), and 250 entrepreneurs and investors from across the US and MENA to hear from some of the stars of our Silicon Valley diaspora community. TechWadi Chairman Ossama Hassanein and Board member Youssri Helmy, General Partner at Newbury Ventures, provided participants with a deep understanding of US venture capital, angel financing, crowdfunding, and how to enhance their understanding of business practices, requirements, and fiduciary obligations. InterWest Partner and TechWadi100 Member Khaled Nasr provided delegates with an inside look at his investment strategies and how to tap into various funding sources. The forum also included TechWadi100 Member Amr Awadallah, Co-Founder and CTO of Cloudera, one of the biggest Silicon Valley success stories in recent years; Amr Salahieh, CEO of Shifamed, a health-tech incubator with many successful spinout acquisitions; and Stanford GSB Students Al-Hassan Hleileh, CEO of Nudge, and Khaled Naim, CEO of Addy, highlighted success stories enabled by bridging MENA and and Silicon Valley, despite the variance in industry and specialization (healthcare, cloud computing, social media, and mobile). Speakers also shed light on the challenges facing startups; the richness of Silicon Valley ecosystem; the role of accelerators; and the strategies to create value, employment, and exits through M&A.

Saudi Arabian Mission to Silicon ValleyTechWadi in collaboration with the US-Saudi Business Council, hosted over 50 entrepreneurs, mentors, and investors who were interested in lending their expertise to help develop the ecosystem for Saudi entrepreneurship. As the largest economy in the Middle East, Saudi Arabia offers founders and entrepreneurs attractive opportunities in venture capital financing and partnership opportunities for international investors to develop incubators. The event featured Peter robertson, U.S. Co-Chairman of the U.S.-Saudi Arabian Business Council, Edward Burton, CEO & President of the U.S. -Saudi Arabian Business Council, Yousef Al-Yousefi, Managing Director at Taqnia Investments and Maria Al-Zahrani, a Saudi entrepreneur and kick started a dialogue between TechWadi and Saudi partners looking to plug into the Silicon Valley community to enable the astonishingly impressive entrepreneurs emerging from the Kingdom.

MIT Arab Startup Competition & Qhackathon in Qatar150 of the Arab world’s most promising entrepreneurs, were selected from over 12,000 applicants to participate in the MIT Arab Startup Competition in Doha. They joined an international team of ecosystem players for a week of workshops, mentorship, education, and collaboration in beautiful Katara in Doha, Qatar. rand Hindi, CEO of SNIPS and multiple hackathon winner, took the reins on our very own QHackathon, the first Middle East-wide hackathon, designed and scaled for the finalists. The event brought out local partners included the Qatar Foundation (QSTP, QNRF, QCRI), Ooredoo, and AlJazeera who served as mentors and judges. Skoll Foundation Portfolio Director Alex Sloan was on the ground working at the center of proceedings as a judge, keynote speaker, emphasizing the role entrepreneurship will play in the future of the Middle East.

Q-Hackathon Partners

Click to view event video featuring Cloudera CTO and TechWadi100 Member, Amr Awadallah

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As the host of the 2022 FIFA World Cup, Qatar’s ambitious vision targets a diversified economy by 2030. The government is committed to enabling entrepreneurship and innovation as a long-term strategy for converting its natural resource wealth into high-value industries and services. High-impact SMEs, in the form of Silicon Valley-styled tech startups, will have a significant role to play. In a high-impact panel discussion titled “Qatar’s Mission to Empower Entrepreneurs,” the Qatari ecosystem came together to discuss their efforts and ambitions for rising to the challenge of supporting the regions brightest entrepreneurs. Moderated by TechWadi Chairman Dr. Ossama Hassanein, the panel included QF’s Qatar Computing research Institute Executive Director Dr. Ahmed Elmagarmid, who discussed the spin-outs of intellectual property into high-value startups, citing their first major success story, Data Tamer, now based at MIT and funded by Google Ventures and NEA. They were joined by Enterprise Qatar CEO, Noora Al-Mannai and Silatech CEO Dr. Tarik Yousef who focused on the roles of small and medium enterprises and entrepreneurship to promote development in Qatar and across the Middle East. Lastly, Al-Jazeera Executive Director of Development & Strategy, Yaser Bishr, contributed to the conversation by explaining his vision for the future of the media giant and the media giant’s commitment to working with the local and international startup ecosystems to achieve this vision.

The event culminated in a final ceremony featuring prominent speakers and pitches by this year’s eleven finalists. TechWadi board member and MITEF Pan-Arab Chair, Hala Fadel emphasized the tangible value of the relationships cultivated during the event: Five inspirational winners took home the financial prizes of over $80,000 to accelerate their projects.

Third place was split between Egyptian furniture platform, The Home Center, and Jordanian Gallery AlSharq, provider of stock photography from MENA. Second place went to another Jordanian company, Darebni TV an online training platform that has earned over $900,000 in revenue within eight months of launching. Best Female entrepreneur went to Diana Al-Dajani and her company edutechnoz, providing Arabic learning games for children. The grand prize of $50,000 went to Egyptian company InstaBug, whose SDK allows mobile application developers to crowdsource their feedback process by allowing users to shake their devices to submit data. Moreover, TechWadi committed to further our partnership with MIT by accelerating winning companies on the ground in Silicon Valley – bridging the gap between diaspora the region’s most talented entrepreneurs. TechWadi100 Members (Hany rashwan, CEO, ribbon; Aly Ismail, CEO Ultrawave Labs) and Board Members (Hala Fadel, Habib Lahlouh, Ossama Hassaenin, Youssri Helmy) all joined forces with the brilliant entrepreneurs to help this year’s competition rise to become the best ever.

Featuring

2013 Winners

Skoll Foundation Portfolio Director Alex Sloan at MITEF in Qatar

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Economic Development through Entrepreneurship, Innovation, and a Sustainable Private Sector in PalestineTechWadi joined forces with Microsoft to host a delegation of preeminent business leaders from Palestine on October 1st. The group wrapped up their Silicon Valley tour, which included trips to NPR, KQED, the Commonwealth Club, Google, and the Skoll Foundation, by joining us at Microsoft for a deep dive into the role of the diaspora tech community in economic development in Palestine.

Naseem Tuffaha, General Manager for Microsoft’s Developer and Platform Group welcomed the crowd and introduced the prominent leaders that would share their experiences, perspectives and vision for Palestinian society. The delegation included Ammar Aker, the CEO of PalTel, Sabri Saidam, an advisor to the President of the Palestinian National Authority, Zahi Khouri, a prominent businessman in the MENA region who serves as the Chairman of Palestine Tourism & Investment Company and Nafez Husseini, Vice President of Information Systems & Technology at the Consolidated Contractors International Company. As Palestine continues to strive for statehood, entrepreneurs and innovators have played a key-role in nation building by spurring economic growth in the West Bank. The conversation, led by Dr. Jess Ghannam, Clinical Professor of Psychiatry and Global Health Sciences in the School of Medicine at UCSF, and Sam Jadallah, CEO at Tyto Life, focused on current economic development initiatives and human capital projects in Palestine. After outlining opportunities for action by the diaspora, and with the help of Palestine for a New Beginning, TechWadi has committed to accelerating the brightest Palestinian entrepreneurs in Silicon Valley in 2014.

Turkey & the Middle East in the New Century: Successes, Failures, and the Future The Berkeley Program on Entrepreneurship and Development in the Middle East along with TechWadi organized a conference on “Turkey & the Middle East in the New Century: Successes, Failures, and the Future” to discuss the success of the Turkish developmental model and its applicability to the MENA region. Sponsored by Bank of the West and the BNP Paribas Group, the conference brought together some of the most prominent Turkish and Middle Eastern thought leaders to discuss macro-economic, governance, foreign policy, banking, legal, cultural, and institutional contributors to the success of the Turkish model. Speakers included: Ilker Ayci, President republic of Turkey Prime Ministry Investment Support and Promotion Agency; Pierre Olivier Gourinchas, Director of the Clausen Center for International Business and Policy and Professor of Economics at UC Berkeley; Abderahman Salaheldin, Egyptian Ambassador to Turkey; Dilawar Syed, CEO, Yonja Media; Ibrahim Turhan, Chairman and CEO of Borsa Istanbul; Dariush Zahedi, Director, Berkeley Program on Entrepreneurship and Development in the Middle East and TechWadi100 Members Ahmad Abdulkader, Partnership Architect, Microsoft; Ossama Hassanein, Chairman, TechWadi; Deena Shakir, Business Development, Tech. for Social Impact, Google; Atef El Toukhy, Chairman, Aurum Capital Management. Despite the political upheaval in the region, promoting economic development by building bridges, between Turkey, the Middle East, Silicon Valley, and key organizations like Bank of the West and BNP Paribas, made the exploration of the unique subject not only fascinating, but also valuable to all who participated.

Photo by Jan Parker

Endeavor Egypt and Endeavor Entrepreneur Summit in Silicon Valley As the annual Endeavor Entrepreneur Summit descended on San Francisco in June, TechWadi hosted an intimate roundtable discussion with Endeavor Egypt entrepreneurs to provide a glimpse into the Egyptian entrepreneurship scene at home and abroad. Hind Wassef, CEO of Diwan Books and Amr Shady, CEO of TA Telecom, joined TechWadi100 Members Tamer rashad, CEO of HumTap; Karim Fahmy, Director of Global Development, Intel Capital; Hala Fadel, Chair, MIT-EF Pan Arab region; Usama Fayyad, Chairman, Oasis500; Youssri Helmy, General Partner, Newbury Ventures; and Ossama Hassanein, Chairman, TechWadi, for an evening of mentorship and networking in anticipation of the international summit.

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Angel Investing and Crowdfunding in the Middle East at UC BerkeleyIn partnership with UC Berkeley’s Fung Institute, Silatech and Shekra, TechWadi joined scholars, venture capitalists, and innovators to explore how to work together to advance economic opportunity through entrepreneurship in the Middle East. The two-day conference began with opening remarks from Dr. Lee Fleming, Director of the Fung Institute and Dr. Tarik Yousef, the CEO of Silatech. The conference centered on the role of angel investing and crowdfunding, and how community based crowdfunding is providing opportunities for new businesses to prove their concepts, identify markets, minimize risk, and scale. Beyond innovation, crowdfunding is proving to be very disruptive for women, minorities and those located in geographies without access to venture capital financing, particularly in the Middle East. Key speakers included Alex Sloan, Portfolio Director at the Skoll Foundation; Jason Best, Co-Founder at Crowdfund Capital Advisors; Mohannad ElKhairy, Director of International Partnerships at Plug and Play Tech Center; Shehab Marzban, Managing Partner at Shekra; and TechWadi100 Members Hala Fadel, Chair of MIT-EF Pan Arab region, Deena Shakir, Business Development, Tech. for Social Impact, Google; Ahmed Alfi, Founder & Chairman, Sawari Ventures; and Ossama Hassanein, Chairman of TechWadi.

Middle East Innovation Demo Day at Runway SFTechWadi and Palestinian accelerator PALinnO, teamed up to bring together startups from across the Middle East for MENA Innovation Demo Day. The event took place at brand new accelerator runway SF, across the hall from Twitter in San Francisco. Startups from Oasis500 in Jordan, Flat6Labs in Egypt, KAUST Venture Lab in Saudi Arabia, PALinnO, and across the Middle East connected with potential partners, customers, and investors in Silicon Valley and received feedback on their pitches from accomplished mentors.

The crowd was mesmerized by the variety of innovation emerging from the seemingly desolate region: KarmSolar (Egypt) is bringing solar energy to Egypt; Instabug (Egypt) is providing an SDK for app developers in Silicon Valley; Jamalon (Jordan) is an ecommerce site for Arabic books; Eventtus (Egypt) is connecting event goers; Braci (Syria) is a wearable technology empowering the hearing impaired; Souktel (Palestine) is providing Hr services through SMS; Eshtery (Egypt) is bridging real-world and online advertising and commerce; and iDive (Saudi Arabia) is bringing the iPad underwater.

Mentors and judges included TechWadi100 member Hany rashwan, CEO of ribbon; Fadi Bishara, Founder of BlackBox; Maher Hakim, Professor at Carnegie Mellon University; Nima Adelkhani, Founder of PITME Labs; Chris Burry, VC at Fenox Ventures; and Allan Young, founder of runway SF. We were proud to have two attending companies join PITME Labs for their Silicon Valley acceleration in 2014.

Harvard Arab WeekendAs the largest pan-Arab conference in North America, the Harvard Arab Alumni Association’s (HAAA) Harvard Arab Weekend has prided itself on showcasing a mosaic of perspectives and insights on the most pressing issues in the Arab world. In 2011, the Harvard Arab Weekend was commended by the White House as “The Premier Arab World Conference” in North America. This year’s conference focused on providing an alternative narrative for the Arab world and featured speakers including Queen Rania of Jordan. TechWadi Board Members Deena Shakir, a founder of HAAA and Ossama Hassanein, led a workshop on “Thinking Like an Investor,” part of this year’s startup pitch competition.

From Suadi Arabia to Apple.com. iDive was one of the companies highlighted at the Demo Day

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Launch of 2014 MIT Arab Startup Competition TechWadi and the MIT Arab Startup Compeition, kick started the 2014 edition of the Middle East’s biggest startup competition with a Google Hangout including live events in more than 23 Arab cities and over 2,000 participants. From our location in Silicon Valley, TechWadi brought together expert speakers to maximize practical knowledge transfer. Mike Cassidy Project Leader for Project Loon at GoogleX, TechWadi100 Member and CEO of Inphi Corporation Ford Tamer, Sandy Herz, Director of Strategic Alliances at The Skoll Foundation, and TechWadi Chairman Ossama Hassanein, joined the call to give their advice on fundraising, being an entrepreneur, and the importance of storytelling and to answer questions from the audience of entrepreneurs hungry to connect.

Sponsored Events

• LAUNCH Festival – TechWadi was a Diversity Partner for the premiere early-stage startup conference in Silicon Valley and the world, bringing together over 5,000 entrepreneurs and investors.

• Egyptian Minister of ICT – TechWadi invited key members of the Egyptian diaspora to connect with Egyptian Minister of ICT to discuss the policy challenges facing entrepreneurs in the new Egypt.

• Globak Tech Symposium – TechWadi provided Egyptian companies Qabila Media and Kngine the opportunity to join leading Silicon Valley investors at the Global Tech Symposium at the rosewood Hotel in Silicon Valley.

• ArabNet June – TechWadi provided access to its network for the Arab world’s premier conference on digital media. MENA+ Social Good - # of people reached / tweets

• Global Mobile Internet Conference – TechWadi built on its partnership as a launch partner in 2012 by providing access for 100 entrepreneurs and developers to join over 11,000 leaders in the mobile space in San Francisco.

• Google Trailblazers – TechWadi joined partners of Google for Entrepreneurs for the annual Trailblazers Conference in Silicon Valley to explore opportunities to collaborate.

• Egypt RiseUp – TechWadi’s Hala Fadel and Ossama Hassanein spoke to an audience of over 3,000 participants about our partnership and opportunities for acceleration in Silicon Valley.

Click to watch us launch this year’s competition alongside Mike Cassidy, Director at GoogleX

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TechWadi acceleraTes MIT COMPETITION WINNErS

2013 MIT Arab Startup Competition winners Instabug - whose mobile SDK allows mobile application developers to crowdsource their feedback process by allowing users to shake their devices to submit data - made its entrance into Silicon Valley by launching its public beta at VentureBeat’s MobileBeat conference. Targeting a global market of mobile application developers, TechWadi was thrilled to host co-founders Moataz Soliman and Omar Gabr in Silicon Valley for their acceleration program. TechWadi Board Member Youssri Helmy, a long time mentor for the team, put together a custom agenda to provide the co-founders the opportunity to collaborate with industry experts on strategy, product development, customer acquisition, and monetization. The program allowed them to take part in meetings and workshops with seasoned entrepreneurs and investors, all ensuring a constant immersive experience, tailored to Instabug’s needs.

Despite facing many challenges, the team was able to establish a dynamic product and showcase the Arab world’s thriving entrepreneurial spirit amidst political instability. They were featured in leading tech media including VentureBeat, TechCrunch, TheNextWeb, FastCompany. At the end of their 2-month stay with us, the team had achieved over 600% growth in developers using the SDK, over 200,000 device installs, expanded their product offering from iOS to Android, doubled their team size, was in discussions with potential big name corporate clients, and was wrapping up a round of financing from strategic Silicon Valley investors.

Jordanian company Gallery AlSharq, the platform for stock Arabic themed photography, will join us in Silicon Valley in early 2014. The third place winner at the MIT competition, a graduate of the Oasis500 accelerator in Jordan, has worked with TechWadi mentors for months to connect with corporate strategic partners and define her strategy. Moreover, CEO Riham Mahafzah helps us reaffirm our belief that this is the golden age of of Arab women leadership. We hope she will be the first of many success stories empowered by plugging into the Silicon Valley ecosystem through this program.

Listen to the founders’ impression after four weeks in Silicon Valley by clicking here.

Learn more about Gallery Alsharq

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BEYOND WEALTH CrEATION

SAVING LIVES, IMPROVING LIVELIHOODThis past year, with generous support from the Skoll Foundation, we took bold steps forward and launched our first social entrepreneurship project, Nebny USA.

Founded in Cairo in 2011, Nebny Foundation aims to impact the lives of thousands of residents in Manshiet Nasser, Cairo’s largest slum area. Known otherwise as Garbage City, this 1.2 million person neighborhood suffers from many ills, including chronic unemployment (78 percent), highest infant mortality rate (5 percent before the age of 5), shortest life expectancy (33 years) and lowest quality of education (60 percent of sixth grade students are illiterate). Besides difficult social and economic conditions, residents live in overcrowded, poorly constructed housing that exposes them to extreme health risks. With poor sanitation and reduced access to safe food and water, their own dwellings are breeding grounds for tuberculosis, hepatitis, pneumonia, cholera, and diarrheal disease.

To address these problems, Nebny has developed a strategic three-pronged approach focusing on education, job creation and health care to save lives and improved livelihood. The programs are managed in Cairo by 480 volunteers as well as a few full time employees under the guidance of Chairman Jawad Nabulsi. In the US, fund raising, crowdsourcing, community outreach, corporate governance, and compliance are managed by Heidi Abbas, supported by our CFO Joe Kell and supervised by a world class Board of Directors. Their common goal is to transform this 1.2 million-person slum into a thriving neighborhood with access to vital health services, increased employment levels, and substantial educational resources.

In the past year, Nebny has helped over 1,200 students in their educational program. We have established a much-needed partnership with Tahrir Academy, founded by Wael Ghonim. This wonderful online initiative aims to crowdsource knowledge, and help groups design, review and deliver educational audio and visual content for users in Arabic. In an effort to provide our students with more advanced educational training, we reached out to Gooru in Palo Alto and to Partners for Sustainable Development (PSD) one-laptop per child program in Palestine to make use of Google technology to curate and organize educational content. We also secured a donation through MetraComputers and Microsoft of desktops and laptops to launch a children-learning center using interactive learning tools.

Health Care is another area of active involvement. In 2008, the Egyptian government closed the only operating medical facility, leaving residents with no access to local health services. After much lobbying, we were able to secure permit to reopen the medical center. We have also secured funding and medical equipment to open a

Touched 100,000 Lives, Impacted 20,000 Families, Educated 1,200 Students, Recruited 480 Volunteers, Distributed 48K LE Microloans, Treated 3,000 individuals. Chosen from over 37,000 NGOs in the Middle East to join the World Bank staff donation campaign.

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temporary medical clinic, providing interim treatment to the community until the center is operational. The medical clinic is comprised of 10 specialized clinics ranging from pediatrics, obstetrics and gynecology, to internal medicine and dentistry. The facility will eventually integrate a Women’s Community Clinic to improve the health and well-being of women and girls through educational care and reproductive health resources.

Vocational training and support for entrepreneurs are the third Nebny track. In an attempt to advance the skill set and expand employment opportunities for the locals, Nebny is in the process of establishing a vocational training program. The program will provide training in the areas of sewing, carpentry, painting, plumbing, financial planning and small business development. Each area will have an average of 20 individuals enrolled for a two-month program. Upon completion, these individuals will have working space available at a Nebny workshop to allow families a sustainable income. In addition, Nebny provides workshops and skill training programs for aspiring entrepreneurs to pursue their business ideas. Through the microloan program and TechWadi’s support, 23 microloans have been granted, 90% of them women who started home based businesses that allowed them to contribute to the economic sustainability of their families.

Through our partnership with Nebny, we are working to address the needs of this neglected community and hope to make a positive impact in their lives through our projects. We aspire to transform this slum and develop a sustainable model for improving living conditions for many across the MENA region.

Nebny Board Members

Azza SanadidieBusiness Program ManagerApple

Ahmed TantawySenior ManagerFlextronics

Ahmad AbdulKaderPartner ArchitectMicrosoft

Omar TawakolCEO Blue Kai

Nancy ZayedPrincipal3D Consulting

AMENDS at Stanford UniversityThe American Middle East Network for Dialogue at Stanford (AMENDS) Summit, in partnership with TechWadi hosted a five-day gathering at Stanford University of exemplary youth social entrepreneurs from across the MENA region and United States. Through collaboration, networking, and leadership training, the summit seeks to create lasting solutions to pressing challenges and a global network of the most promising change agents in the United States and MENA region. The delegates collaborated on their social, political, and economic initiatives, participated in workshops on team-building and social entrepreneurship, engaged with world leaders in networking events, and presented their AMENDS Talks to their fellow youth leaders and the Stanford community. The summit aims to promote greater understanding and respect between the regions, and create a generation of world leaders who can solve problems through international collaboration. We were ably represented by Bruse Bauer, Venture Partner at Newbury Ventures; Hasan Haider, CEO of Tenmou; Salim Jabr, Member, Sand Hill Angels; Elie Habib, Partner, Newport Board Group; and Nima Adelkhani, Founder of PITME Labs; who spoke on practical subjects including fundraising and leadership, in an immense, student-driven effort to transfer empower the region’s youth by transferring practical entrepreneurship skills and techniques.

Skoll World Forum at Oxford TechWadi Chairman Dr. Ossama Hassanein and TechWadi 100 member Fadi Ghandour participated in the 2013 Skoll World Forum in Oxford. They sat on a panel titled, “Young, Educated, and Out of Work: The Middle East’s Jobless Generation” and discussed approaches for strengthening MENA’s educational, employment and entrepreneurial ecosystems for the 30% of youth that are unemployed in the region – nearly twice the global average. Failure to harness the intelligence and enthusiasm of these young people jeopardizes not only the well being of this generation, but the stability of Middle Eastern societies and the region at large.

Click to view the Skoll World Forum panel on The Middle East’s Jobless Generation, featuring TechWadi Chairman, Ossama Hassanein

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arab sTars 2013

BlueKai allows companies to leverage big data for marketing and targeted advertising. In 2013 they hit $26.8M in revenue and were named #20 on Inc’s list of fastest growing companies in America as well as to Forbes’ List of America’s Most Promising Companies.

The enterprise Hadoop distributor has raised $141 million in venture capital and 500 employees. Cloudera names 60% of the Fortune 500 as clients and hopes to hit $1 billion in revenue next year.

Medtech incubator that spun out Maya for $230M continued its ascendency with 6 portfolio companies, five utility patents and 47 provisionals, and by raising 5.8M in angel funding to grow from 16 to 45 employees. Portfolio company Kalila Medical received the CE Mark for its Vado steerable sheath.

Leading platform for mobile application analytics raised a $12.5M in 2013, part of $62.5M to date and gathers information on more than 1.2 billion smartphones and tablets by working with 125,000 companies and over 400,000 applications.

Innovative LiDAr technology company raised funds from Silicon Valley investors including the founders of Tesla. The financing will be used for the development and commercialization of the first solid-state optical phase array (OPA), effectively a LiDAr on a chip. The company has 14 patent applications.

In two years since its launch, the 3D augmented reality glasses company has raised $8.5M, expanded their team to 20 people, has 36 patents, and has sold more than $180K through their crowdfunding campaign.

The Company offers a simple way for friends to send and receive money using debit or credit cards. The service is free for debit cards users. ribbon’s payment platform reached 10,000 merchants in 2013 and expanded into the consumer space.

The online multiplayer mobile games platform reached over 10M user, grew to 10 employees, and raised $3M to date. The Company also created the Grantoo Foundation to which tournament sponsors can contribute funds to sponsor students grants and loans.

The winner of 2012 MIT Arab Startup Competition for their “Google Glass for swimmers” raised a Series A round of investment from Wamda Capital, Jabbar Internet Group, and angel investors including Georges Harik

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3D Printing startup raised $500K from US and Arab Investors and built team in Silicon Valley.

Safety mobile app reached 100,000 downloads from Lebanon in 6 months, $200K in revenues in the first year and was winner of the Global Innovation through Science and Technology competition.

Winner of the MIT Arab Startup Competition reached 500,000 device installs and built a team in Silicon Valley.

Integreight’s 1sheeld mobile Arduino Shield hit its crowdfunding goal of $10K in less than 6 hours, reaching $85K in one month.

Egyptian startup NinjaSMS becomes the first Arab and Egyptian startup accepted to YCombinator.

Arab companies, including Jordanians Dakwak and Tamatem, continued to make waves at 500Startups.

The Nebny Foundation, the fastest growing NGO in Egypt with over 480 volunteers, served over 100,000 individuals, 20,000 families and educated over 1200 students in the past two years.

The platform for everything motherhood in the Middle East reached 1 Million unique monthly visitors, launched a YouTube channel which reaches 500,000 views monthly, and reached 12 employees.

Social video curation tool Telly raised $8M from investors including DFJ and Georges Harik and acquired Dubai based Sha Sha media to launch a Middle East movie service.

First Egyptian and Netflix film nominated for an Academy Award.

MX3MD

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board of direcTors & execuTive TeamOssama Hassanein - Chairman of the BoardOssama is an entrepreneur, mentor and venture capitalist. Over the last 35 years, he has managed over $1 billion in 14 international technology funds, spearheaded the mezzanine financing of 80+ IT companies, and been the founder or Chairman of 8 successful technology companies. He is curently Chaiman of the rising Tide Fund, BDNA, Echovox, Zong, and the Egyptian American Society.

Hala Fadel - Board MemberHala is chair of the MIT Enterprise Forum of the Pan-Arab region and has led the efforts to organize the MIT Arab Startup competition, which is now in its sixth year. She was selected last year a member of the MIT Enterprise Forum Global Advisory Board. She is currently Equity Fund Manager at Comgest, based in Paris, with $16bn under management.

Habib John Lahlouh - Board MemberHabib is Chairman of the Board, CEO and Co-Founder of Lahlouh, Inc., a full service marketing, printing and fulfillment house employing over 300 professionals with clients including Yahoo!, Google, Roche, Intel and Oracle. Habib is President and Co-Founder of the Syrian American Association of NorCal as well as a Board Member of Kalima Foundation, a Syrian non-profit.

Nayla Rizk - Board MemberNayla Rizk is a long-time partner at Spencer Stuart, the leading global executive search firm. Before joining the firm in 1995, Nayla served as director of strategic planning and re-engineering at Network Equipment Technologies. Nayla is a member of the Council on Foreign relations and a trustee of the World Affairs Council of Northern California.

Deena Shakir - Board MemberDeena is a New Business Development Manager at Google and a former Senior Associate at Google.org. Prior to joining Google, Deena was a Presidential Management Fellow at the U.S. State Department, where she served as a Senior Partnerships Advisor to Secretary Clinton and was responsible for launching the International Diaspora Engagement Alliance. She has a B.A from Harvard College and MA from the Georgetown School of Foreign Service. Deena has served on the Board of the Harvard Arab Alumni Association, where she led their effort to recruit students from the Arab world and launched their first public service fellowship. She also serves on the Board of The Abraham Path Initiative, the Harvard Alumni Association, the Arab Film Festival, and the Asian University for Women.

Joe Kell - Chief Financial OfficerJoe is a financial expert, having worked with over 20 venture capital firms and portfolio companies in a variety of roles from independent auditor to CFO. In addition to his duties with TechWadi, Joe is CFO of Newbury Ventures, a global VC firm based in Silicon Valley. Joe is a Certified Public Accountant and holds a BS in Business Administration from Saint Mary’s College.

Youssri Helmy - Board MemberYoussri is a General Partner at Newbury Ventures. He is an accomplished entrepreneur with more than 20 years experience bringing new technologies to market and growing companies. Youssri co-founded ITWorx in 1994. Under his leadership, ITWorx grew to become the Middle East’s largest software outsourcing firm before a consortium of private equity investors acquired it in 2007. After the NetCelera/Swan acquisition, Youssri was appointed CTO and VP of Business Development of SwanLabs.

Mohammad ElBibany - Program DirectorBorn to Egyptian parents at Stanford, Mohammad has been building bridges to Silicon Valley all his life. He joined TechWadi in 2012, leading expansion efforts by solidifying strategic partnerships in both MENA and Silicon Valley, fundraising, and working directly on mentorship and acceleration of top startups. His past experience ranges from launching a region-wide tech accelerator in the Middle East, to microfinance with the Aga Khan Development Network in North Africa, to environmental economics research with NOAA in California. He holds a B.S. in Management Science from the University of California, San Diego.

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TechWadi 100 CHArTEr MEMBErS

Edgar MasriCEOQualtre

Youssri Helmy General PartnerNewbury Ventures

Fadi Ghandour Founder & CEOAramex

Usama FayyadExecutive ChairmanOasis500

Amr Awadallah Founder & CTOCloudera

Ahmad AbdulkaderPartner Architect Microsoft

Samih ToukanFounderMaktoob

Magid AbrahamCEOcomScore

Ossama HassaneinChairmanNewbury Ventures

Maha Ibrahim General Partner Canaan Partners

Hala FadelFund ManagerComgest

Ali Diab CIOCaturra Capital

Saeed AmidiCEOPlug and Play

Ayaz Ul HaquePartnerExalt Capital

Dolly ChammasPresidentMEOL

Maha Achour CTOrAYSPAN

Tamer RashadFounder & CEOHumtap

Deena ShakirBusiness DevelopmentGoogle

Habib Lahlouh CEOLahlouh Inc

Ford TamerCEOInphi Corporation

Nayla RizkPartnerSpencer Stuart

15

Ecosystem Partners

sponsors

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