Media ININ Economy We Trust
MediaIn – Dubai, March 5, 2018
The Mohammed Bin Rashid Establishment for the Development of Small and Medium Enterprises (DED), one of Dubai’s economic institutions, has announced the launch of incubator centers and business accelerators in Dubai to provide support, guidance and follow-up to small and medium enterprises and to organize business incubators and accelerators invested in the fourth generation in the emirate in order to create the ideal environment for innovative entrepreneurs to do business in Dubai.
The Mohammed Bin Rashid Establishment for SME Development aims to provide an ideal platform that fosters entrepreneurship and embraces innovators and innovators as well as empowering them to realize their vision and transform their ideas into distinct projects that serve sustainable development and contribute to building a knowledge economy based on creative concepts. And innovation, enhancing the Emirate’s economic standing at the local and regional levels and facilitating access to the largest segment of young entrepreneurs in various sectors.
“The launch is in line with the government’s strategy of industrial revolution, enhancing the role of small and medium enterprises in the production process and contributing to a competitive national economy based on knowledge, innovation and future technological applications,” said Sami Al Qamzi, Director General of Dubai Economy. . The Mohammed Bin Rashid Establishment for the Development of Small and Medium Enterprises seeks to attract creative minds, through centers, incubators and business accelerators, which will have an effective role in developing investment in companies and innovative competencies. ”
The activity of incubator centers is characterized by several advantages, most notably its full compatibility with the government’s support for the economy and the start of the fourth industrial revolution. The percentage of ownership of the business incubator license is 100%, which gives it the freedom to own the project. And the sectors of investors and entrepreneurs to apply for the license of business incubators through the institution to be Mohammed Bin Rashid Foundation for the development of small and medium enterprises, the organizer of this activity and supervising the activities practiced within the incubator, and the applicant must meet the special conditions This license, with applications to study and evaluate their effectiveness and subject to feasibility and economic viability through a working committee competent.
