The Sharjah Entrepreneurship Centre (Sheraa) and Sharjah FDI Office (Invest in Sharjah) have entered into a partnership to help startups in the UAE and the region by increasing market opportunities and venture capital.
According to the joint statement, the alliance will connect the high-growth tech startups in Sheraa’s community to the emirate’s pool of investors for collaboration in the main latest and emerging sectors.
“The two organizations have signed a Memorandum of Understanding (MoU), which paves the way for a series of strategic moves they will be jointly making to accelerate UAE’s post-COVID recovery,” as per the reports.
As part of the agreement, Sheraa will enter Invest in Sharjah’s local and foreign delegations to support and draw tech startups to the region’s flourishing ecosystem.
“We are proud to officially welcome Invest in Sharjah as a strategic partner. Together, we will advance our shared vision of supporting the growth of innovative startups as well as establishing Sharjah as a leader on the global entrepreneurship stage. This partnership builds on our series of initiatives and achievements over the last five years, graduating over a hundred startups in the UAE and the region, as well as strengthening and elevating UAE’s entrepreneurial ecosystem to new heights. With Invest in Sharjah, we will provide our local and regional startups with a strong and promising investor network, as well as pave the way for startups to leverage the benefits of the Sharjah Investors Services Centre (Saeed), which specializes in providing comprehensive and integrated services to businesses and startups.”
Mohamed Juma Al Musharrkh, CEO at Invest in Sharjah said, “As an entity committed to driving Sharjah’s position as the preferred investment destination in MENA, Invest in Sharjah is proud to partner with Sheraa, who has been successfully developing a blueprint for nurturing successful startups in the region, paving the way for new promising investment opportunities for entrepreneurs in Sharjah.”
Since its establishment, Sheraa has successfully backed 114 startups that have generated over $125 million in revenue, raised over $74 million in investment, and created more than 1,300 employment opportunities.