Indian Innovator Awards 2016
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Beating the odds Five lessons to take with you on your entrepreneurial journey THE RECAP MAKING IT INDIAN INNOVATOR AWARDS COUNT H.H. SHAIKHA HEssA 2016 BINT KHALIFA AL KHALIFA INJAZ BAHRAIN’S EXECUTIVE DIRECTOR WANTS TO PREP DRIVEN THE COUNTRY’S YOUTH FOR BY IMPACT THE GLOBAL ECONOMIC CAREEM EGYPt’S LANDSCAPE MANAGING DIRECTOR WAEL FAKHARANY 9 7 7 2 3 1 1 5 4 1 0 0 8 > JANUARY 2017 | WWW.ENTREPRENEUR.COM/ME | UAE AED20 JANUARY 2017 CONTENTS 18 Injaz Bahrain CEO H.H. Shaikha Hessa bint Khalifa bin Hamed Al-Khalifa 26 18 22 52 INDIAN INNOVATOR INNOVATOR: INNOVATOR: TECH: AWARDS 2016 MAKING IT COUNT DRIVEN BY IMPACT ONLINE ‘TREP A look at the winners of H.H. Shaikha Hessa bint Careem Egypt’s Managing Design: the driver of digital the third annual edition of Khalifa Al Khalifa Director Wael Fakharany on reinvention Entrepreneur Middle East’s INJAZ Bahrain’s Executive his transition from working Juan Jose De La Torre, Indian Innovator Awards, Director wants to prep the at Google to working at Digital Transformation Entrepreneur of the Year, country’s youth for the global the MENA region’s latest Leader, IBM MEA believes presented by du economic landscape. unicorn. that design is no longer just an aesthetic component, but 64 rather an exigent driver of START IT UP: human behavior. ECOSYSTEM No time to chill in the sun 42 DTEC Tech Startup TECH: Incubator’s Sirine SHINY Fadoul explains why #TamTalksTech it’s important for Gadgets and doodads entrepreneurs to instill a that you might’ve missed sense of urgency in their out on, sourced by a tech organizations. aficionado. 26 Wissam Younane, CEO, BNC Publishing at the Indian Innovator Awards 2016 JANUARY 2017 ENTREPRENEUR 3 Entrepreneur ME Office Devices DPS H273xW406-E.indd 2 12/20/16 5:55 PM Entrepreneur ME Office Devices DPS H273xW406-E.indd 2 12/20/16 5:55 PM CONTENTS JANUARY 2017 63 Careem raises US$350 million in funding to expand services 34 58 ‘TREPONOMICS: ‘TREPONOMICS: PRO MARKETING The future is here What’s in a name? Bayt.com’s Suhail Al Masri ServiceMarket co-founder analyzes five trends that Bana Shomali draws from the recruitment industry experience to offer tips is likely to experience in on rebranding online the year 2017. businesses. 42 62 Lenovo MONEY: Phab 2 Pro ECON Private equity in emerging 60 46 markets ‘TREPONOMICS: ‘treponoMICS: Sean McKeon explains why SKILLSET ESQUIRE GUY MENA investors should Beating the odds Civility matters look closer to home for Ipsos MENA Chairman The Esquire Guy offers faster economic diversifica- and CEO Edouard Monin a guide to figuring out if tion. lists five key lessons for you’re a bully at work, and entrepreneurs to use in also explains how to get 14 their entrepreneurial things done without making EDITOR’S NOTE journeys. other people miserable. By Aby Sam Thomas 68 Amr Sobhy, co-founder and CEO, PushBots AMR SOBHY IMAGE CREDIT AMIR MAKAR MAKAR AMIR CREDIT IMAGE SOBHY AMR 8 ENTREPRENEUR JANUARY 2017 The superlative-charged chronograph. 50 mm case in Breitlight®. Exclusive Manufacture Breitling Caliber B12 with 24-hour military-style display. Officially chronometer-certified. BREITLING.COM CA108538_Avenger Hurricane_203x273_Entrepreneur-English.indd 1 14/09/2016 08:17 CONTENTS JANUARY 2017 68 48 START IT UP: CULTURE: Q&A LIFE Quality over quantity Stay on the bus Egypt-based startup James Clear explains why PushBots helps app it’s important for a creator businesses improve to stay committed to the their reach with smarter cause when faced with notifications. failure. 72 38 START IT UP: CULTURE: Q&A LIFE 72 Pure Harvest founder and CEO Sky Kurtz Let it grow Starting early Startup Pure Harvest aims BizWorld UAE CEO Helen to overcome local climate Al Uzaizi makes the case 40 74 challenges and make the for entrepreneurship ‘TREPONOMICS: START IT UP: region’s farming high tech education- for kids. PRO STARTUP FINANCE in nature. The times they are “We got funded!” 44 a-changin’ UAE online services 50 CULTURE: Andreas Skorski, founder marketplace mrUsta raises TREPONOMICS: TRAPPINGS and CEO, THE LIST, AED2.75 million in a pre- PRO ‘Trep gear highlights how the growth Series A funding round Come together The executive selection for of luxury e-retail is from Precinct Partners, The case for team building the entrepreneur on your redefining stores into just Millennial Partners & Co., efforts is stronger when list. Okay, maybe for a little another marketing channel. and other angel investors. the times are tougher. self-reward as well. 44 Trophy by Roderer SKY KURTZ IMAGE CREDIT DEVON TACKELS DEVON CREDIT IMAGE KURTZ SKY 10 ENTREPRENEUR JANUARY 2017 KYOCERA. YOUR TRUSTED ADVISOR. Can you still afford to use a printer to just print? Chances are that you can’t. Many IT departments are facing the challenge of having to drastically cut their budgets, and yours is probably no different. 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Tel: +9714 4330 412 | Fax: +9714 4231 944 | [email protected] | www.facebook.com/KDMEcares KYOCERA Document Solutions Middle East – www.kyoceradocumentsolutions.ae KYOCERA Document Solutions Inc. – www.kyoceradocumentsolutions.com MIDDLE EAST SUBSCRIBE EDITOR IN CHIEF Aby Sam Thomas [email protected] Contact [email protected] to receive CEO Wissam Younane [email protected] Entrepreneur Middle East every issue MANAGING DIRECTOR Walid Zok [email protected] DIRECTOR Rabih Najm [email protected] CREATIVE LEAD Odette Kahwagi STARTUPS SECTION EDITOR Pamella de Leon COLUMNIST Sindhu Hariharan PO Box 502511 Dubai, United Arab Emirates P +971 4 4200 506 | F +971 4 4200 196 COLUMNIST Tamara Clarke COLUMNIST Shoug Al Nafisi For all commercial enquiries related to COLUMNIST Erika Widen Entrepreneur Middle East contact EVENTS LIAISON Mark Anthony Monzon [email protected] All rights reserved © 2016. CONTRIBUTING WRITERS Opinions expressed are solely those of the contributors. Entrepreneur Middle East and all subsidiary Suhail Al Masri Sirine Fadoul Ross McCammon publications in the MENA region are officially licensed Helen Al Uzaizi Johan Hanekom Sean McKeon exclusively to BNC Publishing in the MENA region by Entrepreneur Media Inc. Fida Chaaban Adrian Hayes Edouard Monin No part of this magazine may be reproduced or James Clear Mike Hoff Bana Shomali transmitted in any form or by any means without written Juan Jose De La Torre Dipika Mallya Andreas Skorski permission of the publisher. Images used in Entrepreneur Middle East are credited when necessary. Attributed use of Printed by Raidy Emirates Printing Group LLC copyrighted images with permission. All images not credited otherwise Shutterstock. www.raidy.com In addition to our print edition, we’re bringing EntMagazineME you all sorts of industry news on our web mediums. 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EntMagazineME 12 ENTREPRENEUR JANUARY 2017 SUBSCRIBE EntMagazineME @EntMagazineME Entrepreneur-me EntrepreneurMiddleEast EntMagazineME EntMagazineME EntMagazineME EDITOR’S NOTE Rise to the occasion How you respond to criticism says a lot about your entrepreneurial skills n my editor’s note last month, motivate others to get involved.” I wondered aloud whether the I’ll gladly admit here that Alab- MENA entrepreneurial ecosys- bar’s reply (I’m hoping to have a tem would have been better longer chat with him soon) took served if Emaar Properties me by surprise. I wasn’t expecting Chairman Mohamed Alabbar, to hear back from him in the first who had then announced the place, and so the fact that he took Ilaunch of his new US$1 billion the time out to draft such a polite, e-commerce venture Noon, had elegant and appreciative response to take on all of the opportunities invested in an existing startup in increased my respect of him ten- and challenges that are going to this space instead. Some of you fold. Alabbar’s reply was, in my be thrown at us with the right responded in agreement with my opinion, an abject lesson for all of attitudes- I’m pretty certain it will notion (Henri Asseily aka @rikkles us in how to deal with criticism- be key to making things work for tweeted: “You wonder like 99.99% while nobody likes to hear negative us and our businesses for the next of anyone in this industry”), while feedback, one needs to learn to be 12 months. Happy new year! there were others felt the entry appreciative of such comments all of Noon would be a positive thing the same (instead of adopting a for the industry as a whole- Mo- defensive approach).