Officials and participants during the workshop.
In response to the continued rapid growth of Dubai’s digital industries and the growing start-up culture in the emirate, the Dubai Digital Economy Chamber, one of the three chambers operating under Dubai Chambers, is welcoming leading entrepreneurs, venture capitalists (VCs) and risk-taking for an informative workshop. senior executives representing VC and incubators.
The event is the third in the Chamber’s series of interactive workshops that discuss the role of various economic sectors and digital industries in Dubai’s digital economy.
Ahmad Bin Byat, Vice-President of the Dubai Chamber of Digital Economy, said: “The Chamber plays a key role in engaging members and key stakeholders from various digital sectors to enable us to jointly identify challenges and opportunities to foster a truly enabling environment for the growth of the digital economy and the role of advanced technology in society. .
Dubai and the UAE have taken bold and swift steps to provide frameworks, legislation and guidelines in many areas of the emerging digital economy.
Our digital industry workshop series helps ensure we are working on behalf of our business by providing two-way feedback, and allows our members to voice their concerns, challenges and exciting plans for the future.”
The workshop discussed the challenges facing venture capital firms and incubators, as well as ways the Dubai Chamber of Digital Economy and industry leaders can ensure that government policies, initiatives and strategies drive innovation and business friendliness in this vital industry.
Participants discussed areas of growth, the best ways to help each other and sustain positive growth in the industry, with a deeper focus on regulation, finance, talent and infrastructure as integral parts of the venture capital and incubation ecosystem.
Bin Byat added: “Dubai is known for its support of entrepreneurs and SMEs in various fields of innovation, technology and the digital economy. At Dubai Chamber of Digital Economy, we believe that solid, reliable and reliable financing is what this important segment of our business needs.”
“Capitalizing new projects and providing business incubation is vital to the growth of start-ups and SMEs, key to Dubai’s digital transformation agenda.”
According to a study recently published by the Dubai Chamber of Digital Economy, Dubai is home to 39 percent of fast-growing start-ups in the Mena region. The emirate also withdrew 57 percent of the total funding these ventures received, estimated at $5.2 billion.
With this expanding start-up culture, business incubators are playing a more important role in supporting small businesses and start-ups, including creating the ideal environment for them. venture capital and incubators are supporting the industry with financing, going the extra mile to help start-ups and SMEs grow, be profitable and withstand competition from larger market players.