We’re revolutionizing the way people invest to create economic and social change in Palestine
In July 2015, when Anas Hamed met professor Scott A. Snook at Harvard Business School when he was teaching authentic leadership, as part of the course Anas read Professor Robert Kaplan’s book what you’re really meant to do? A question he had never asked before that moment, It was the first time that Anas reflects on his real purpose in life and it was inspiring to reflect on how he can align his life purpose with his set of skills as a business strategist, his passion to help others unleash their untapped possibilities and what people value.
Nevertheless, being Palestinian descendent was not hard to figure that he has a story to re-write, a new story of hope, prosperity and peace. he became determined to dedicate his life at helping young Palestinian entrepreneurs to break through challenges and create inspirational stories, one day this collective effort of social and economic development will pave the way forward for peace, we all have dreams and we all want to see our dreams come true.
Not so long after he shared his idea with his friend Alejandro Dughman, a Chilean Palestinian descendent with a prominent social capital, investments background and a track record in helping Palestinians, he introduced Anas to Marcelo Diaz a venture capitalist based in Chile who helped the creation of Ibtikar fund in Palestine to invest in early stage Palestinian start-ups. As they all shared a common understanding of the ongoing political unrest and the resulting economic slump which have presented difficulty in finding venture capital opportunities for Palestinian-based founders. They have realised that securing funding to get startup businesses off the ground has been a constant uphill battle since unemployment rate is over 20% and the low GDP per capita.
From this meeting the solution forward was an obvious one and that led to the the birth of CrowdPal to allow Palestinian-founded companies founded
by Palestinians or other international entrepreneurs who want to invest part of their funding in early stage Palestinian startups of their choice or employ/outsource professionals in Palestine to support the entrepreneurial ecosystem
CrowdPal is the first online equity crowdfunding platform purpose-built to support Palestinian entrepreneurship. The company was created with the singular focus of driving a positive social and economic impact on a region long encumbered by high and low involvement in emerging businesses, although it has a high potential due to the prominent quality of its business professionals and their endless desire to succeed.
Ongoing political unrest and the resulting economic slump have presented difficulty in finding venture capital opportunities. With an unemployment rate over 20% and low GDP per capita, securing funding to get startup businesses off the ground has been a constant uphill battle for Palestine-based founders.
Through investing in promising startups, we can drive economic and social development as a step forward to pave the way for peace.
To remove these barriers to entry and promote economic growth, Crowdpal's team created this platform to allow companies founded by Palestinians or other international entrepreneurs who want to invest part of their funding in early stage Palestinian startups of their choice. Users can seek investment funding by reaching out to personal contacts or by leveraging CrowdPal’s community of investors, who can be located anywhere in the world.
The platform is offering an important economic lifeline to an area limited in resources but with great investment opportunities. Palestinian and peace supporters all over the globe that wish to do their part to and make an investment in the future of Palestine haven’t had a sound place to put their investment. With CrowdPal, now they do.
Through CrowdPal, entrepreneurs also have access to a world class mentorship and advisory network which provides founders with valuable educational resources. From a combination of online materials, video tutorials, and advice from industry experts, entrepreneurs can gain key insights into best practices for successfully running their business.
The company’s launch comes at a time when the regulatory environment has become increasingly favorable for entrepreneurs across the globe. For the founding members, CrowdPal represents a vital opportunity to use entrepreneurship as a means of inspiring change in a volatile region, the ultimate goal is to support companies that give back to the Palestinian community, create jobs, and increase quality of life.