Developing a dynamic startup finance ecosystem
The Development of a Dynamic Startup Finance Ecosystem is a major program developed by IPSD to address the lack of early-stage financing within the Palestinian entrepreneurial ecosystem.
The program has adopted a three-pillared approach to improve entrepreneur fundraising prospects and build the local investor community:
- Investment Readiness Advisory Services (IRAS): Technical training and coaching program designed to educate and equip entrepreneurs for the fundraising process
- Catalytic Funding: Funding products including Pre-Investment Grants to bridge the early commercialization funding gap to investment(in conjunction with IRAS) and Co-Investment Grants that seek to stimulate private investment by providing matching capital.
- Angel Investing Development: Support to develop structured angel investing while mobilizing complementary early-stage capital sources through a combination of technical assistance and coaching to investors.
These interventions will take of the form of three major interventions. The first deals with the earliest stage of investment readiness in a program entitled IGNITE, coupling IRAS services with Pre-Investment Grants. Additional catalytic funding in the form of Co-Investment Grants form the second intervention, while the mobilization and syndication of angel investors are expected to contribute towards improving funding availability for early-stage enterprises