Dubai Chamber launches programme to help local start-ups expand to new markets
02 November, 2020
Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, on Sunday announced a programme to help start-ups expand into new markets.
Called Scale-Up Dubai, the initiative can be an extension of the Dubai Startup Hub’s existing Market Access programme that facilitates partnerships between start-ups and corporates in the emirate.
Selected start-ups, that have already developed viable businesses and have benefitted from the marketplace Access programme, have joined the initiative.
“Many of the participants are looking to bring their technologies to emerging markets all over the world,” said Hisham Al Shirawi, vice chairman of Dubai Chamber.
As part of this programme, the start-ups were also coached about business set-up procedures, the expenses and legalities of establishing a business in Dubai and about opportunities to showcase products to public together with private sector organisations, Dubai Chamber said.
The start-ups were linked with the Dubai Chamber’s representative offices in Africa and Eurasia to greatly help them expand internationally.
The selected companies in the new programme operate in the fields of energy, health-tech, transportation, logistics, FinTech and e-commerce that address market needs and new challenges created by the Covid-19 pandemic.
Since 2016, Dubai Startup Hub’s members have launched a lot more than 35 pilot projects. They have collectively raised a lot more than Dh16 million and made a lot more than Dh6m in sales.
The programme is an example of how Dubai Chamber is which consists of resources and representative offices to supply start-ups usage of growth opportunities in emerging markets, said Omar Khan, director of international offices at Dubai Chamber.
Upon completion of the Scale-Up Dubai programme, participants will receive a digital “Market Ready” stamp that helps them enhance their appeal and reputation among corporates in Dubai.
The UAE, the Arab world’s second-largest economy, has been a springboard for most successful start-ups such as for example Souq.com, Okadoc and Careem.
The Emirates was ranked among the 50 top destinations for start-ups in the world, according to a June report by Zurich-based research company StartupBlink.
Source: www.thenationalnews.com