Since Techstars’ recent acquisition of UP Global, the business now represents a substantial presence across the globe. Our Community Programs are in over 600 cities, 120 countries and six continents. Specifically in the Middle East and Africa (MEA), there have been over 250 events in 50 cities run by 1,500 Community Leaders who have reached over 20,000 entrepreneurs, year-to-date. Techstars is here to help these entrepreneurs bring their ideas to market wherever those companies are located.
To lead this effort, we are excited to announce the appointment of Ed Roberto as VP of Techstars Accelerator Programs in MEA. As a long-time Techstars mentor and active angel investor, Ed brings deep global operating experience in both startups and later stage businesses, and will actively support Techstars’ presence in the region. His intimate knowledge of Techstars will be key to supporting entrepreneurial communities, and ensuring quality and consistency among Techstars programs as we continue to expand worldwide.
The MEA region, and specifically the Middle East, is poised for huge growth around startups, entrepreneurship and technology. The MEA region has one of the youngest workforces in the world with more than half of its population under the age of 25. According to 2013 World Bank statistics, 1 in 4 of the youth in this category is unemployed. The World Economic Forum estimates that in order to keep up with projected population growth rates, the MEA region will need to create 75 million new jobs – an increase of 40% of the jobs available in 2011 – just to keep unemployment figures in the region at a steady level.
As Ed moves from his role as a Techstars mentor and investor to a key member of our executive team, we look forward to furthering our mission to create a global ecosystem of support for entrepreneurs in MEA.
Companies, mentors, and investors who are interested in supporting the entrepreneurial efforts in MEA should email email@example.com directly.