• Dubai Startup Hub scale-up members have launched over 35 pilot projects to date, and collectively raised more than AED 16 million, while generating more than AED 6 million in sales.

Dubai: Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has announced the launch of the Scale-Up Dubai programme, an extension of Market Access, which provides in-depth knowledge, guidance and tailored support to fast-growing startups, or scale-ups, as they look to take their businesses to the next level and expand beyond borders.

Joining the pilot programme are scale-ups that have already developed viable businesses and benefited from their participation in Dubai Startup Hub’s Market Access programme, which fosters partnerships between startups and leading corporates in Dubai.

Over the last few months, the selected scale-ups took part in several interactive sessions that provided valuable insights on business setup, and global expansion as well as opportunities to showcase their businesses to public and private sector organisations. During the session, representatives from Virtuzone and Afridi & Angell shared legal and licensing expertise with the participants, as well as practical information about the process, cost and legalities of setting up in Dubai.

Participants had an opportunity to connect directly with Omar Khan, Dubai Chamber’s Director of International Offices, and Dubai Chamber’s representative offices in Africa and Eurasia and benefit from tailored support and guidance on specific markets of interest.

A virtual business networking event joined by senior representatives from the RTA, Mashreq Bank, RAKBANK, Expo 2020 Dubai and Dubai Future Foundation, showcased new technologies offered by the scale-ups to government entities and established businesses looking for innovative solutions to address existing challenges. Upon their completion of the Scale-Up Dubai programme, participants receive a digital “Market Ready” stamp that helps them boost their appeal and reputation among corporates in Dubai.

H.E. Hisham Al Shirawi, 2nd Vice Chairman at Dubai Chamber described Scale-up Dubai as a unique programme designed around the evolving needs of Dubai Startup Hub’s scale-up members who are ready to take their businesses to the next level, explore global markets and connect with public and private sector stakeholders who are keen to work with promising scale-ups.

H.E. Al Shirawi noted that the enrolled scale-ups offer cutting-edge solutions related to energy, health-tech, transportation, logistics, fintech and e-commerce that address market needs and new challenges created by Covid-19, and said several of participants are looking to bring their technologies to emerging markets around the world.  He revealed that Dubai Startup Hub’s scale-up members have launched over 35 pilot projects to date, and collectively raised more than AED 16 million, while generating more than AED 6 million in sales.

For his part, Omar Khan, Director of International Offices at Dubai Chamber, said the new programme is a prime example of how Dubai Chamber leverages its resources and representative offices to provide high-potential startups access to growth opportunities in emerging markets around the world. He also noted that the initiative advances Dubai Chamber’s efforts to promote Dubai as a global business hub and test bed for innovative business concepts.

Market Access is one of Dubai Startup Hub’s flagship programmes designed to facilitate partnerships between corporates and startups. The programme offers annual membership to corporates and access to a series of dedicated matchmaking events held throughout the year.

Established by Dubai Chamber in 2016, Dubai Startup Hub is the first initiative of its kind in the Middle East and North Africa region. The initiative is designed to emphasis the value of public and private sector collaboration and embodies the aim of encouraging innovation and entrepreneurship as a main driver of the economy of Dubai and the UAE.

-Ends-

Established in 1965, the Dubai Chamber of Commerce & Industry is a non-profit public entity, whose mission is to represent, support and protect the interests of the business community in Dubai by creating a favourable business environment, supporting the development of business, and by promoting Dubai as an international business hub.

Follow us on:
www.facebook.com/dubaichamber
www.twitter.com/dubaichamber
http://www.linkedin.com/company/dubai-chamber-of-commerce-&-industry/
www.youtube.com/DubaiChamberTV
www.instagram.com/dubaichamber

For more information, please contact:
Ruba Abdel Halim
Manager, PR & Corporate Communications
Tel: +971 4 2028450
Email: ruba.halim@dubaichamber.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.