A senior official announced on Wednesday that the Dubai Chamber of Commerce and industry will launch five new initiatives in 2017 which is set to boost start-ups and entrepreneurs. This will be done while efforts to foster innovation and develop Dubai’s entrepreneurial ecosystem will be the main priority for the chamber.
“With the UAE’s focus on instilling a spirit of innovation and entrepreneurship among young people under the directives of our wise leadership, Dubai Chamber is committed to supporting Dubai’s entrepreneurial community, as their success is essential to the growth of the emirate’s private sector and the wider economy,” said Eisa Al Za’abi (Senior Vice-President, Institutional Support Sector, Dubai Chamber, and General Coordinator of Tejar Dubai).
Looking back at 2016, the Dubai Chamber has doubled its effort to support the growth of entrepreneurs and start-ups. Part of the support includes a number of successful initiatives under the Tear Dubai entrepreneurship development programme as well as the Dubai Smartpreneur competition and the Dubai Start-Up Hub.
Over the course of the year, 2016 Tejar Dubai has received 28 business ideas. 14 of which were approved by a panel of judges and 9 commercial projects were also launch in the same period. These projects helped to bring the total number of established business to 25. With regards to programme, 20 workshops and trainings were held (attracting over 800 participants).
Tejar Dubai (since its launch in 2013), has helped protected Dh10 million in funding for programme participants over agreements and partnerships with financial institutions and banks.