The Role of Venture Capital and Angel Investor Networks for Supporting Entrepreneurship as a Catalyst for Saudi Economy

Abstract

This scientific paper examines the role of Venture Capital (VC) and Angel Investor (AI) networks in promoting entrepreneurship as a catalyst for sustainable economic development in Saudi Arabia. By using a mixed-methods approach of interviews and surveys, the paper seeks to identify key challenges facing VC and AI networks in the country, and offer insights and recommendations to stakeholders looking to further promote and support entrepreneurship. Data was collected from 250 entrepreneurs and 10 investors (Venture Capitalists and Angel Investors from different Saudi regions). Through a data descriptive analysis, the paper will explore the key challenges faced by entrepreneurs in securing funding and mentorship. It will then examine the benefits of VC and AI networks in providing early-stage funding and support, as well as their impact on the broader economy. Finally, it will discuss recommendations for policymakers, investors, and entrepreneurs looking to promote and support entrepreneurship in Saudi Arabia, such as measures to increase access to finance for startups, initiatives to promote entrepreneurship education and training, and efforts to attract more foreign investment and talent. The paper will ultimately provide valuable insights for stakeholders looking to support and promote sustainable economic and social development in Saudi Arabia.