Dubai: On March 21, 2025, tech experts and investors have urged startups in the Middle East to focus on solving real problems and avoid basic mistakes to make 2025 their breakthrough year.
According to a recent report by MAGNiTT, startups in the region raised $1.52 billion last year, with a 14% increase in the number of investors and a 10% rise in deal volume, reflecting growing confidence in the tech sector.
Abdumalik Mirakhmedov, Co-founder of Scalo Technologies, emphasized that a great idea alone is not enough. “It’s not just about having a great idea; it’s about turning that idea into a product or service people actually want,” he said. Mirakhmedov warned that many startups skip key steps, such as validating their idea or understanding their market, and sometimes burn through their budgets too quickly by chasing short-term wins instead of focusing on sustainable growth.
He offered five key tips for tech founders:
- Test Before You Invest: Launch a basic version of your idea (an MVP) to see if it meets real needs before committing large resources.
- Find the Right People: Build a team of smart, passionate individuals with diverse skills.
- Plan for Growth: Set up systems and processes early on to handle future expansion.
- Watch Your Budget: Manage funds wisely and avoid unnecessary expenses.
- Listen to Customers: Gather feedback and continuously improve your product based on customer needs.
This call to action comes at a time when the Middle East tech scene is growing rapidly. With strong investor interest and increasing funding, experts believe that by focusing on solving genuine problems, startups can achieve lasting success and drive innovation across the region.
