Media ININ Economy We Trust
Media IN Dubai / 13-05-2019
TECOM Group, a member of Dubai Holding and the founder of the In5 platform, which is dedicated to supporting entrepreneurs and empowering startups, signed a Memorandum of Understanding (MoU) with Dubai Future Foundation and Dubai Development Authority to accelerate the development of innovation in Dubai and the UAE.
The partnership aims to enhance opportunities for innovators and emerging companies at the local and international levels, in collaboration with government agencies in the UAE, and provide an environment conducive to talent growth and business and corporate growth.
Under this agreement, DTP will nominate startups in the 2071 region with its various projects and initiatives to grant commercial licenses that will allow it to operate easily through the in5 platform.
These start-ups can benefit from the ease of establishing businesses and many other benefits in the 2071 area such as creative business spaces, specialized facilities and training programs.
The agreement was signed by, CEO of Dubai Future Foundation, Chief Executive Officer, TECOM Group, and Chief Commercial Officer, Dubai Development Authority.
The CEO said that this agreement comes within the framework of the efforts of the Emirate of Dubai to anticipate time and meet the future challenges of mankind and transform them into growth opportunities by attracting the best minds and emerging companies from all over the world and contributing to the cooperation between them and government agencies. Smart and shape the future of work.
This partnership is an essential step towards realizing the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform Dubai into a global center that attracts innovators and innovators and provides opportunities for talent, Around the world and to transform their future ideas and visions into innovative solutions and implementable projects that support the development process.
He also looked forward to strengthening the partnerships that contribute to providing support to innovative youth by facilitating the establishment of new projects, benefiting from the facilities provided by the 2071 area as a platform for networking with government agencies, leading private sector companies and international business accelerators, providing them with a great opportunity to exchange experiences and learn best practices. And possess knowledge.
The 2071 is a platform for applying the UAE model for designing the future through the UAE 2071 Centennial and includes a group of leading design laboratories and the development of innovative ideas, experiences and practices in key sectors such as aviation, education, health, energy, entrepreneurship, technology, health, logistics and others. Chief Commercial Officer of Dubai Development Authority, said: “This partnership is an important milestone in line with the Dubai Development Authority’s unique heritage, which aims to promote Dubai’s growth, with a strong regulatory framework. Leading the world’s business and advancing its economic diversification strategy by facilitating business.
TECOM has established the in5 platform to provide a platform to support entrepreneurs and talent in the region in the technology, media and design sectors. The first business incubator of the platform was set up at Dubai Internet City in 2013 and has two business incubators at Dubai Production City and the Dubai Design District.
The in5 platform since then has more than 180 startups that have successfully raised over AED 390 million in funds.
In5 is based on TECOM’s success in developing a knowledge-based economy in Dubai, which began with the establishment of Dubai Internet City in 1999, followed by the establishment of 10 other business clusters.
The platform aims to promote local entrepreneurship and innovation in Dubai, in order to achieve more robust and sustainable economic growth. More than 170 startup companies currently operating in5 have access to over 100 operators and investors within their network as well as the wider business community.
