Impact: What is the impact of the work to date?
Because WAIN was started in May 2013, the impact has been limited to forming the first group of 12 angel investors in the UAE. We are now soliciting applications and have received 40 to date from women founders across the Middle East. About 20 different organizations have helped us to get the word out about the applications in order to increase pipeline.
Barriers: What barriers might hinder the success of your project and how do you plan to overcome them?
The balance between organic and institutional is a precarious one. For example, we rely on our networks to attract the right angel investors but if our funding sources to cover training costs are government sponsored, we might not be able to reach the right women angel investors. We need to leverage our relationships and reputation in order to add value and quality to the women entrepreneurs in the Middle East.
Full Impact Potential: What are the main spread strategies moving forward? (Please consider geographic spread, policy reform, and independent replication/adoption of the idea or other mechanisms.)
Our vision is to expand across the region into many of the countries, starting with Egypt, Jordan, Lebanon, Palestine, Morocco and Tunisia. We would like to create WAIN Egypt, WAIN Jordan, etc and continue to grow the women angel investors who are supporting women entrepreneurs and ultimately building a women's business network across geography and socioeconomic class.