Date post: | 11-Apr-2017 |
Category: |
Business |
Upload: | dinarstandard |
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#TurinTIEF17 @TurinTIEF
Islamic Economy Related
Startups & Sharing Economy
Rafi-uddin Shikoh, CEO,
Presented by:
#TurinTIEF17 @TurinTIEF
Main Office:
80 Broad Street, 5th Floor, New York City,
NY 10004, USA
Dubai Office:
Knowledge Park, Block 9, PO Box 50221,
Dubai, UAE
Analyst Network:
New York, London, Istanbul, Kuala Lumpur,
Jakarta, Cairo, Dubai
W: www.dinarstandard.com
#TurinTIEF17 @TurinTIEF
1. IE startup ecosystem & innovations
2. IE startup financing ecosystem
3. Challenges & Opportunities
OUTLINE
3Islamic Economy (IE) Related Startups &
Sharing Economy
#TurinTIEF17 @TurinTIEF
IE startup ecosystem & innovations 4
Muslim consumer value to the global digital economy estimated at $107B in 2014 and projected to grow at 17% CAGR to $277B in 2020.
Two key drivers:1. General lifestyle needs: 4 categories of
global digital services: Information & media (Google, iTunes), Functional tools & services (Skype, PayPal), Commerce & exchange (Ebay, AirBnB) and Social & crowd networks (Facebook).
2. Islamic law/ spirituality lifestyle needs: Religious lifestyle productivity, Halal food ratings and review, Modest clothing, among others
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#TurinTIEF17 @TurinTIEF
IE startup ecosystem & innovations 5
1. Global Digital Services most all serve “General Lifestyle Needs” of Muslim consumers
Download from: www.salaamgateway.com
#TurinTIEF17 @TurinTIEF
IE startup ecosystem & innovations 6
2. Report defines “Digital Islamic Services” as those digital-native, consumer-facing services whose primary offering is driven by ‘Islamic’ content or requirement.
Download from: www.salaamgateway.com
#TurinTIEF17 @TurinTIEF
IE startup ecosystem & innovations 8
400+ IE focused startups tracked since 2013 that go beyond digital
• 400+ startups since 2013; • many new 2017;
• existing ecosystem of 2500+ companies
#TurinTIEF17 @TurinTIEF
1. IE startup ecosystem & innovations
2. IE startup financing ecosystem
3. Challenges & Opportunities
OUTLINE
9Islamic Economy (IE) Related Startups &
Sharing Economy
#TurinTIEF17 @TurinTIEF
IE startup financing ecosystem 10
OIC investments in start-ups are low relative to global start-up financing
Download from: www.salaamgateway.com
#TurinTIEF17 @TurinTIEF
IE startup financing ecosystem 11
OIC Startup financing landscape 2015
Download from: www.salaamgateway.com
#TurinTIEF17 @TurinTIEF
IE startup financing ecosystem 12
Robust emerging ecosystem for Islamic Economy startups
Download from: www.salaamgateway.com
#TurinTIEF17 @TurinTIEF
1. IE startup ecosystem & innovations
2. IE startup financing ecosystem
3. Challenges & Opportunities
OUTLINE
13Islamic Economy (IE) Related Startups &
Sharing Economy
#TurinTIEF17 @TurinTIEF
Challenges & Opportunities 14
The IE startup ecosystem is facing many challenges
• While startup capital - first rounds are
happening (2nd rounds at risk) given
lack of sustainable or breakthrough
growth or actual revenues/ income
• Rare exits to show
• Scale and reach challenges -- product
innovation/ customer uptake;
marketing reach; technology issues
#TurinTIEF17 @TurinTIEF
Challenges & Opportunities 15
Clear Opportunitiesexist within ‘General Lifestyle’ and ‘Islamic Digital Services’ Startups
Both for Italy based investors and elsewhere
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