Sheikh Mohammed launches “The Emirates: The Startup Capital of the World” marketing campaign to coach 10,000 Emirati entrepreneurs and strengthen the UAE’s international startup hub function
The UAE will create 30,000 new jobs, prepare 10,000 Emirati entrepreneurs, create hundreds of alternatives, and increase help for small and medium-sized enterprises because it goals to develop into the startup capital of the world.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has launched “The Emirates: The Startup Capital of the World” marketing campaign, a strategic initiative to consolidate the UAE’s place as a number one international hub for entrepreneurship and innovation.
Supervised by the Ministry of Financial system and Tourism in collaboration with the UAE Authorities Media Workplace and the UAE Entrepreneurship Council, the marketing campaign unites greater than 50 incubators and accelerators with private and non-private sector companions, nationwide establishments and tutorial entities to create an inclusive entrepreneurial ecosystem.
UAE to develop into startup capital of the world
Asserting the marketing campaign, Sheikh Mohammed mentioned: “Right now, the Cupboard launched the brand new nationwide marketing campaign ‘The Emirates: The Startup Capital of the World.’
“The marketing campaign brings collectively greater than 50 entities from each the private and non-private sectors, with the intention of coaching and nurturing 10,000 Emirati entrepreneurs, creating hundreds of financial alternatives, and elevating group consciousness on the significance of leveraging the financial momentum the nation is witnessing.
“The UAE is at present residence to 50 enterprise incubators unfold throughout the nation. Small and medium-sized enterprises type the spine of the nationwide financial system, contributing greater than 63 per cent of the non-oil GDP.
“The UAE additionally leads amongst 56 international economies in supporting SMEs and in offering the absolute best atmosphere for his or her progress and success.”
Key initiatives below the marketing campaign embrace:
- StartupEmirates.ae platform: Launched with the New Financial system Academy, it provides free mentorship, networking, co-working areas and cross-border partnerships. The platform goals to draw 10,000 entrepreneurs and create 30,000 new jobs by 2030
- Entrepreneurship programme: Coaching 10,000 Emirati women and men with newbie and superior tracks overlaying enterprise creation, sustainable progress and international enlargement
- Specialised content material creator programme: Coaching 50 Emirati content material creators in economics and entrepreneurship to boost consciousness
- Undertaking administration specialists programme: Qualifying 500 Emiratis to supervise residential development initiatives from planning to execution
- UAE tax agent programme: Licensing 500 licensed Emirati tax brokers by means of VAT and Company Tax diploma programs, in partnership with the Federal Tax Authority
- Actual property corporations initiative: Incubating 250 full-time Emirati-owned actual property businesses
- Younger entrepreneurs and graduate enterprise expo: A nationwide initiative throughout faculties and universities to showcase youth enterprise initiatives to traders and companions
- Entrepreneur participation in federal procurement: Enabling startups to compete in federal tenders, with simplified procedures and coaching programmes to spice up competitiveness
By supporting Emirati entrepreneurs and fostering an enabling ecosystem, the marketing campaign aligns with nationwide efforts to diversify the financial system, encourage youth to ascertain companies, and improve the UAE’s place as a worldwide gateway for startups.
Sheikh Mohammed underscored the overarching goal: to encourage extra younger individuals to contribute to financial improvement and seize the huge alternatives of the UAE’s dynamic financial system.
Key targets
- 10,000 Emirati entrepreneurs to be educated below the marketing campaign
- 30,000 new jobs to be created by 2030 by way of StartupEmirates.ae platform
- 250 full-time Emirati-owned actual property corporations to be launched
- 500 Emiratis licensed as residential venture administration specialists
- 500 Emiratis licensed as tax brokers (VAT + Company Tax diplomas)
- 50 Emirati content material creators educated in economics and entrepreneurship
- 63%: present SME contribution to UAE non-oil GDP
