Access to capital, workspaces, and other growth possibilities will be provided under the Business Development in Dubai initiative.
As the emirate advances with its goal of becoming a digital economy powerhouse, Dubai’s Chamber of Digital Economy officially launched a new platform targeted at attracting and assisting digital-focused start-ups.
The business incubator in Dubai program, which was initially unveiled in June, has been marketed as a centralized location that will close access gaps for start-ups to capital, workspaces, and other chances for growth.
Together with public and commercial organizations, the program also strives to increase their economic contribution to Dubai.
Seven additional partners are included in the initiative: the Dubai World Trade Center, telecom provider du, Dubai Islamic Bank, Mashreq, the Commercial Bank of Dubai, Tecom Group’s in5 start-up incubator, and workspace provider Letswork.
A preliminary agreement had been signed by their most senior managers at the event on Monday to formally confirm their participation.
The new partners include existing ones including Telr and Safexpay, as well as telecom provider e& (formerly known as Etisalat), Dubai Commercial City, and.
The Business in the United Arab Emirates program is built on two main pillars: a company-matching service that will pair businesses with partners, investors, and clients, and a wide range of institutional amenities provided in collaboration with the partners of the Dubai Chamber.
Additionally, incentives will be included to entice additional domestic and foreign digital start-ups to locate in the emirate.
Companies with a digital focus are “extremely important,” thus we work to meet their needs. Although we are aware of Dubai’s positive support for its citizens, Ahmad bin Byat, the vice president of the Dubai Business Chamber of the Digital Economy, said reporters at the conference that businesses need certain assistance.
According to him, the initiative’s partner banks will form specialized teams to help startups.
It won’t just be cost-effective; it will also be more effective. These businesses can access our platform and obtain the services instead of traveling to several locations, and our crew is also accessible to assist.