Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Dubai Technology Entrepreneur Campus (Dtec), has issued the Dubai Startup Report 2021, a guide on Dubai’s startup ecosystem for global startups and investors that seeks to explore business opportunities in the emirate.
The report is composed to offer direct insight into Dubai Startup Hub and Dtec that is serving a community of more than 10,000 founders and investors, and the public policy and legal perspective on incentives and schemes available in the emirate.
Dubai Startup Hub, an initiative of Dubai Chamber, along with Dtec is one of the most active startup ecosystem players in the emirate. The report brings together various programs, resources and value-added services that intend to support the growth of startups and their business network in Dubai.
The report points out several business-friendly measures launched in recent years to support business activity, promote foreign investment and attract promising companies and investors from across the globe like several stimulus packages, the golden card permanent residency system for expat investors, a 5-year visa for entrepreneurs, a virtual working program and a decision to grant UAE citizenship to select foreigners.
Further, the report also gives a detailed insight into topics like the ease of doing business, economic competitiveness, government initiatives supporting startup growth, venture capital activity, free zones and the services they offer, access to finance, investment incentives and availability of skilled talent, in addition to useful tips on setting up a company in Dubai.
Hamad Buamim, president and CEO of Dubai Chamber, explained that the report is a valuable and reliable resource for startups and investors of international markets as it gives required practical information about Dubai’s fast-growing startup ecosystem.
“The launch of the Dubai Startup Report comes at a time when startups are driving Dubai’s digital transformation, fostering innovation and playing a crucial role in building the emirate’s post-COVID-19 economy. The informative guide supports Dubai Chamber’s comprehensive entrepreneurship strategy and ongoing efforts to promote Dubai as a preferred market for high-potential startups from around the world.”
Dubai Chamber has supported the growth of startups in the emirate through its entrepreneurship initiative, Dubai Startup Hub by offering its members access to resources, tools, knowledge and market opportunities that can help them thrive and grow.
Dr. Mohammed Al Zarooni, vice chairman and CEO of the Dubai Silicon Oasis Authority (DSOA), noted that “Start-ups are a pillar of a flexible economic system that is agile enough to quickly adapt to new developments and achieve sustainable growth. The facilities that Dubai offers to this dynamic segment, through a supportive ecosystem and an incubator for innovation, help them grow and achieve strategic business objectives.”