Dubai SME and the Mohammed bin Rashid Innovation Fund (MBRIF) will further support start-ups and small businesses in the UAE via partnerships with District 2020’s global entrepreneur programme, Scale2Dubai.
In line with Dubai and the UAE’s proactive approach to supporting small and medium enterprises (SMEs) and the important role they play in the country’s resilient economy, the strategic partnerships will provide Scale2Dubai with a pipeline of high-potential start-ups and small businesses.
The partnerships will allow start-ups and small businesses access to the District 2020 platform, from which they can expand locally and internationally, while also offering opportunities to connect with large enterprises and receive access to funding and other growth enablers.
Since 2002, Dubai SME has overseen a number of programmes and initiatives to support SMEs (small- and medium-sized enterprises) and promote the innovation ecosystem in the UAE. Launched in 2016 by the UAE Ministry of Finance, the MBRIF supports innovation in the UAE while elevating the growth potential of inventive start-ups already shaping the future of the UAE’s economy.
Scale2Dubai was launched in February 2020 and offers successful applicants a range of benefits such as two years’ free working space in District 2020, support in visa and business set-up, two years’ subsidised urban living and access to funding.
The Scale2Dubai programme builds on Expo 2020 Dubai’s aim to support the SME and start-up sector, a driver of the UAE economy. As of the end of March 2020, Expo 2020 had awarded more than AED 4.6 billion to SMEs.
This latest announcement is part of District 2020’s mission to stimulate lasting economic benefits and industry growth in the UAE. After Expo 2020 ends on 31 March 2022, District 2020 will evolve over a nine-month transition period, repurposing more than 80 per cent of Expo’s built environment.
Scale2Dubai is currently accepting expressions of interest in the programme through the District 2020 website: www.district2020.ae