Funding raised by start-ups within TECOM Group PJSC’s entrepreneurship incubator in5 since its inception has crossed AED7.8 billion as Dubai’s pro-innovation framework nurtures the growth of enterprises and talent. Announced on the sidelines of Expand North Star, the world’s largest event for start-ups and investors being held in Dubai from 13th to 16th October, the remarkable figure represents 163 percent growth over total funding raised as of 2023, demonstrating the accelerated growth of in5’s start-ups this year.

“Start-ups are powerful engines of long-term economic growth that tangibly benefit future generations,” said Majed Al Suwaidi, Senior Vice-President at TECOM Group PJSC, on behalf of in5. “The funding milestone achieved by in5’s start-ups strengthens our mission to unlock entrepreneurial excellence by facilitating opportunities, partnerships and investor engagement avenues. in5’s dynamic and global community is driving Dubai’s efforts to foster a globally attuned innovation landscape that achieves the goals of the Dubai Economic Agenda ‘D33’.”

in5 has nurtured more than 1,000 start-ups across the technology, media, design and science sectors since its inception in 2013 by TECOM Group, the creator of 10 specialised business districts and vibrant communities in Dubai. This includes in5 Tech, housed at a dedicated in5 Innovation Centre at Dubai Internet City, as well as in5 Media, based at Dubai Production City, and in5 Design, based at Dubai Design District (d3). in5 Media’s active start-up numbers noted annual growth of 20 percent in the first half of this year as government initiatives to strengthen the regional creative economy, including Dubai Media’s vision to bolster the competitiveness of media institutions, attract a wider cohort of talent to the city.

in5 Science, which marked its first anniversary in June 2024, provides an enabling platform to more than 35 future-focused science start-ups. Launched in collaboration with Dubai Science Park, TECOM Group’s dedicated ecosystem for the life, energy and environment sciences, in5 Science is cultivating a regional base of innovators in line with the Dubai Research and Development Programme’s vision.

in5 offers start-ups in technology, media, design and science a platform to scale up with access to advisory, mentorship and potential investment opportunities. in5 Tech is also home to the in5 Investor Hub, a space where angel investors, venture capitalists and institutional investors can directly engage with start-ups at in5 for funding and partnership opportunities.

in5’s participation at Expand North Star is part of its commitment to spotlighting its innovative ecosystem to more than 1,200 global investors expected at the event, including start-ups such as AI-enabled communications specialist Grambell, based at in5 Tech, and flexible stay online travel agency (OTA) Estaie, incubated at in5 Media.