On the occasion of the launch of the DIFC Enterprise Launch Platform to support 200 new projects in Dubai

Maktoum bin Mohammed: Dubai continues to strengthen its position to lead the future of the global financial sector

  • During the launch of the DIFC Project Launch Platform. From the source

image

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and President of the Dubai International Financial Centre (DIFC), said: "Dubai continues to strengthen its position as a global hub for innovation and financial technology, and a major destination for attracting talent, leading companies and entrepreneurs, in line with the visions and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to lead Dubai the future of the global financial sector, and achieve the objectives of the Dubai D33 agenda to make it part of the The four most important global financial centers."

His Highness pointed out that «the launch of digital initiatives supporting projects enhances the attraction of startups and medium-sized companies and increases the attractiveness of the emirate as a destination for talents and companies, and a global market for technological applications that find in Dubai the supportive environment and the preferred place to launch for the world», noting that «the launch of the platform is an important step in the framework of achieving the objectives of the Dubai Economic Agenda (D33) and to be among the top three economic cities in the world, and also supports the center's strategy to promote economic growth and create new job opportunities within the financial services and non-economic services sectors. Finance alike."

His Highness said in a tweet yesterday: "The DIFC Enterprise Launch Platform is launched today as part of the Dubai Economic Agenda D33 to make Dubai one of the four most important global financial centres. The platform offers opportunities to establish 200 projects and attract capital worth AED <> billion. With the vision of Sheikh Mohammed bin Rashid Dubai, leading the future of the global financial sector."

This came on the occasion of the official announcement yesterday of the Dubai International Financial Centre (DIFC), the leading international financial centre in the Middle East, Africa and South Asia (MEASA) region, the launch of the DIFC Enterprise Launchpad to accelerate the growth and expansion of innovative start-ups in the region, in the presence of the Governor of the Dubai International Financial Centre (DIFC), Essa Kazim, along with a group of VIPs, business leaders and partners.

The platform is expected to support more than 200 new projects, more than 100 of which are in the expansion phase and attract more than AED <> billion in venture capital, and the platform is expected to support the emirate's efforts to become the most prominent global hub for project construction, and the platform is expected to have a positive impact on enhancing economic growth levels in the region.

Essa Kazim said: "We are delighted to officially launch the DIFC Enterprise Launchpad in collaboration with our partners, an initiative that is in line with the 2030 strategy to drive innovation and entrepreneurship growth in the region. The platform, which is an integrated ecosystem, will support and guide startups to access the funding, advice and resources needed to succeed. We look forward to seeing the impact of this purposeful program in launching the next generation of fintech and innovation companies, and driving economic growth in Dubai and the wider region."

Abdulaziz Al Ghurair, Chairman of Mashreq, said: "The DIFC Enterprise Launch Platform is a valuable opportunity to unite efforts at all levels to enable digital transformation in the financial sector in the UAE and around the world. At Mashreq, we recognise through our involvement in the development and development of the SME sector, and as a strong supporter of the open banking sector, that concerted efforts are key to achieving the desired success. Cooperation in this area is essential to enhance our ability to help others achieve their goals, explore their potential, and foster a spirit of innovation and entrepreneurship. We look forward to working closely with our institutional partners under the DIFC Enterprise Launch Platform to nurture new ideas and nurture talent."

One of the highlights of the event was the announcement of the issuance of regulations to regulate the mechanism of work of "Venture Studio", the world's first specialized legislative framework for the creation and development of projects. The new regulations facilitate doing business from the project studio model within specific operational criteria that regulate the relationship of project studios, entrepreneurs and start-ups with each other, as well as their relationship with the market. The regulations help establish a tailor-made ecosystem to support the creation of projects and support entrepreneurs, startups and investors.

Deputy Ruler of Dubai:

■ «The platform offers opportunities to establish 200 projects and attract capital worth two billion dirhams».

■ "Launching digital initiatives that support projects enhances the attraction of start-ups and medium-sized companies, and increases the attractiveness of the emirate as a destination for talent and companies."

The driving force for development

Arif Amiri, Chief Executive Officer of the DIFC Authority, said: "Innovation is the biggest driving force for development. The DIFC Enterprise Launch Platform offers a unique opportunity for emerging and growing fintech companies to access the support and resources needed to succeed by leveraging the Innovation Hub. Through this platform, we will provide companies with access to funding, advice, strategic partnerships and office space within the DIFC ecosystem to enhance their long-term journey." I

Creating new projects

The DIFC Enterprise Launch Platform is supported by experts from different nationalities specialising in new venture creation, corporate innovation and emerging technologies, who will work alongside investors and partners such as Mashreq, MasterCard and Commercial Bank of Dubai to establish and launch the next generation of fintech startups in Dubai. The program is supported by partner studios including R/GA, Antler, BIM Ventures and Futterlabs.

The Saeed Business School at the University of Oxford is the platform's talent partner, connecting the platform's members with the college's global talent, accelerating the pace of creating projects related to emerging technologies and establishing Dubai as a global talent hub.