The drive for economic diversification and state-backed initiatives together with financial support for startups is fuelling Middle East’s venture capital industry
Hub71 and its focus on driving impact for startups and Abu Dhabi has led to the facilitation of 41 POCs for corporate partners valued at Dhs160m by the end of 2022
The bank is a financial enabler of the UAE’s economic diversification and industrial transformation agenda
The tech ecosystem’s startups will also gain access to Club Investible, a global network of more than 130 high-net-worth investors who provide capital and expertise
On a global level, the past year was difficult for almost anyone looking to raise money, but it was almost impossible for small startups founded by women
The UAE offers a variety of business opportunities, both on and offline, for entrepreneurs looking to start new ventures in 2023
The entities will identify opportunities to collaborate in areas including mobility, food, health, and climate action
Startups for the fourth cycle of the programme were picked after a comprehensive selection process involving over 960 applicants from across the world
With the right focus and partners along with right information about potential pitfalls, a business can survive in the face of challenges
In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme
The NextGenFDI programme, which was launched in July, aims to attract digitally-advanced companies into the UAE market and develop the next generation of technology-based companies
Nine startups had raised over $150m collectively at the time of joining Hub71 in 2022
The country’s corporate tax regime will levy a standard rate of 9 per cent on taxable profits exceeding Dhs375,000
In 2021, the Fund supported SMEs with Dhs65.29m worth of financing, of which Dhs47.67m was disbursed through Beehive to 374 projects
Aamer Sheikh, CEO Middle East, PepsiCo, tells Gulf Business about the MENA edition of the mentor-led Greenhouse Accelerator programme and its focus on sustainability
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Biosolvit, Wahaj Solar, Alesca Life, ECOLOO and Desolenator from MBRIF’s Accelerator programme will join Masdar City’s growing network of sustainability-focused companies
Qualifying startups from Abu Dhabi and Africa to gain guidance, resources and support to setup, scale and raise funding in new markets
Ahmad Ali Alwan has been a founding member of Hub71 since 2019
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The studio aims to create new highly skilled jobs in Bahrain for both local and international talent, on both its core team and at the startups it helps to launch
As part of the agreement, Siemens Energy will provide select startups with strategic mentorship by participating in knowledge-sharing platforms
The bank is looking for fintechs, digital experience startups and emerging technology players operating to support its immersion into the virtual world
With new innovations in DeFi, GameFi and infrastructure spaces, Cypher Capital looks forward to being part of large milestones for blockchain
Stakeholders are looking at ways to reduce the environmental impacts of factory farming and animal agriculture
The programme aims to establish more than 30 new startups and create hundreds of job opportunities during the first three years
The fund will be dedicated to tech startups and companies specialised in sectors such as telecommunications, financial services and education, among others
The new cohort will have the opportunity to develop advanced technologies and gain access to the emirate’s innovation ecosystem
The programmes from Dubai Silicon Oasis’ dtec and SDCEE will help entrepreneurs transform their innovative ideas and projects into reality