{"id":4786,"date":"2021-07-05T09:40:18","date_gmt":"2021-07-05T09:40:18","guid":{"rendered":"https:\/\/theblogonline.com\/?p=4786"},"modified":"2021-07-05T09:40:18","modified_gmt":"2021-07-05T09:40:18","slug":"mena-tech-driven-ventures-could-pay-professionals-more-than-double-the-current-average-salary","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=4786","title":{"rendered":"MENA Tech-driven Ventures Could Pay Professionals More Than Double The Current Average Salary"},"content":{"rendered":"
\u2022 <\/i><\/span>The tech innovation ecosystem is experiencing <\/span><\/span>a <\/span><\/span>sustained move towards ESG investing globally<\/span><\/span><\/i><\/div>\n

\n

Cultivating a tech start-up culture <\/span><\/span>is key<\/span><\/span> to driving<\/span><\/span> economic as well as <\/span><\/span>environment<\/span><\/span>al<\/span><\/span>, social and <\/span><\/span>governance (ESG) <\/span><\/span>progress across <\/span><\/span>the Middle East and North Africa (MENA) region<\/span><\/span>, Crescent Enterprises\u2019 Deputy CEO and Head of Investments Tushar Singhvi has said. <\/span><\/span><\/b><\/p>\n

According to public policy think tank Information Technology and Innovation Foundation, tech-driven ventures in the US present more attractive opportunities for professionals, paying an average of $102,000, more than double the current US average of $48,000. \u201cWith a mature tech start-up ecosystem, these opportunities could become a reality in MENA<\/span><\/span> too, and consequently we could see regional tech-driven ventures paying professionals more than double the current average salary,\u201d Singhvi commented.<\/span><\/span><\/p>\n

\n

\u201cESG\u00a0investing has been on the rise since the credit crunch of 2008. The current pandemic has accelerated the second surge of ESG-compliant investments, and tech companies represent a sizeable slice of the pie<\/span><\/span>,<\/span><\/span>\u201d<\/span><\/span> he added.<\/span><\/span><\/p>\n

\n

Globally, the tech innovation ecosystem is <\/span><\/span>increasingly <\/span><\/span>leaning towards <\/span><\/span>ESG <\/span><\/span>investing. More investors<\/span><\/span>, while making profits, <\/span><\/span>are consciously and conscientiously seeking a positive impact on society and the planet.<\/span><\/span> According to a survey by insurance and pensions provider Aviva, 55% of investors said ESG factors have become a more important aspect of their investment decisions in the wake of COVID-19.<\/span><\/span><\/p>\n

\n

By speeding up<\/span><\/span> digitisation<\/span><\/span>, <\/span><\/span>COVID-19 <\/span><\/span>has created an<\/span><\/span>opportunity to rethink <\/span><\/span>decision making around <\/span><\/span>tech<\/span><\/span>applications<\/span><\/span> for the betterment of society and the planet<\/span><\/span>. <\/span><\/span>Corporations, big or small, <\/span><\/span>can <\/span><\/span>benefit from <\/span><\/span>the value of <\/span><\/span>tech to<\/span><\/span> contribute to a more prosperous and greener future for the region<\/span><\/span>.<\/span><\/span><\/p>\n

\n

A<\/span><\/span> World Economic Forum <\/span><\/span>(WEF)<\/span><\/span> forecast states that<\/span><\/span> 60 percent <\/span><\/span>of global GDP will <\/span><\/span>be generated <\/span><\/span>by <\/span><\/span>digital businesses<\/span><\/span>by 2022<\/span><\/span>. \u201cH<\/span><\/span>arnessing the dynamism of <\/span><\/span>the <\/span><\/span>tech start-up<\/span><\/span>culture <\/span><\/span>would enable MENA countries to achieve ambitious <\/span><\/span>social and environmental sustainability targets. <\/span><\/span>The<\/span><\/span> region\u2019s ability to nurture homegrown entrepreneurs and import global tech start-ups will define our success in the <\/span><\/span>Fourth Industrial Revolution<\/span><\/span> across key sectors of the regional economy over the next five years<\/span><\/span>,\u201d Singhvi added.<\/span><\/span><\/p>\n

\u201c<\/span><\/span>Post-COVID<\/span><\/span>-19<\/span><\/span>, it is more crucial than ever<\/span><\/span> that <\/span><\/span>MENA economies <\/span><\/span>represent<\/span><\/span> places <\/span><\/span>within<\/span><\/span> which start-ups can succeed<\/span><\/span>,<\/span><\/span> and by doing <\/span><\/span>so<\/span><\/span>,<\/span><\/span> help <\/span><\/span>find innovative and inclusive ways to <\/span><\/span>overcome<\/span><\/span> social challenges <\/span><\/span>in order to<\/span><\/span> advance quality of life for everyone.<\/span><\/span>\u201d<\/span><\/span><\/p>\n

\n

Manju George, Head of Strategy, Platform on Digital Economy, World Economic Forum, commented: \u201cAs more companies accelerate delivery on their ESG goals, digital technologies and new business models will be key enablers of success. Technology start-ups, like those enabled by Crescent Enterprises, can bring innovative and disruptive solutions for companies and countries to adopt and scale. The Forum\u2019s Digital Transformation community supports companies to deliver long term business growth and net positive impacts for people and planet, including by building stronger connections with tech innovation ecosystems.\u201d \u00a0<\/span><\/span><\/p>\n

Crescent Enterprises is a partner of WEF and a member of several WEF platforms, including \u2018Shaping the Future of Digital Economy and New Value Creation\u2019 and \u2018Shaping the Future of Mobility\u2019. The company is also active on WEF\u2019s COVID Action Platform, joining forces with other stakeholders, including public sector institutions and global businesses, to help limit further disruption to lives and economies around the world. <\/span><\/span>Singhvi is a member of several senior working groups engaged in projects related to digital transformation and digital inclusion, and he represented Crescent Enterprises on the \u2018Global Future Council on Digital Economy and New Value Creation\u2019.<\/span><\/span><\/p>\n

Singhvi<\/span><\/span>, who made his remarks during an <\/span><\/span>Endeavor UAE webinar for entrepreneurs and founders, <\/span><\/span>added<\/span><\/span>: \u201c<\/span><\/span>MENA countries offer excellent opportunities for ambitious tech-enabled start<\/span><\/span>–<\/span><\/span>ups, but <\/span><\/span>nurturing or <\/span><\/span>attracting them and supporting them to thrive <\/span><\/span>is <\/span><\/span>the responsibility <\/span><\/span>of <\/span><\/span>not just <\/span><\/span>the <\/span><\/span>government.<\/span><\/span> Because of the sheer scale and potential of the region\u2019s rapidly emerging economies, I believe MENA can become <\/span><\/span>one of the<\/span><\/span> most exciting <\/span><\/span>region<\/span><\/span>s<\/span><\/span> for digital business to expand or launch<\/span><\/span>.<\/span><\/span>\u201d<\/span><\/span><\/p>\n

 <\/p>\n

Managing Director of Endeavor UAE Noor Shawwa, said: \u201cAs the world’s leading community of high-impact entrepreneurs, it is Endeavor\u2019s mission to help\u00a0entrepreneurs\u00a0as they scale-up their businesses.<\/span><\/span> One of the core areas of support is the\u00a0fundraising\u00a0process where we connect entrepreneurs to key investors and partners such as CE-Ventures. We are pleased to continue facilitating discussions enabling our network of founders to gain access to investor capital and expertise<\/span><\/span>.<\/span><\/span>\u201d<\/span><\/span><\/p>\n

\n

CE-Ventures targets start-ups that offer synergies with Crescent Enterprises\u2019 operations across Supply Chain Tech, MedTech, Enterprise Software as a Service (SaaS). The corporate venture capital platform focuses on wide-ranging emerging technologies including artificial intelligence (AI), the Internet of things (IoT), and blockchain.<\/span><\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022 The tech innovation ecosystem is experiencing a sustained move towards ESG investing globally Cultivating a tech start-up culture is key to driving economic as well as environmental, social and governance (ESG) progress across the Middle East and North Africa (MENA) region, Crescent Enterprises\u2019 Deputy CEO and Head of Investments Tushar Singhvi has said. According […]<\/p>\n","protected":false},"author":1,"featured_media":4787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1781],"class_list":["post-4786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-mena"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4786"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4786"}],"version-history":[{"count":1,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4786\/revisions"}],"predecessor-version":[{"id":4788,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4786\/revisions\/4788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/4787"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}