The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth
Dubai financial hub launches venture building platform ‘DIFC Launchpad’
The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth
Dubai International Financial Centre (DIFC) has launched its venture building programme, ‘DIFC Launchpad’ as the financial hub seeks to build a strong venture model that promotes the growth of innovative startups and scaleups in the region, according to the state-run news agency, WAM.
The platform serves as an important step towards realising the objectives of the Dubai Economic Agenda D33, which aims to double the size of the city’s economy and consolidate its position as one of the world’s top four financial centres over the next decade.
“The launch of ‘DIFC Launchpad’ is set to further attract innovative companies and enhance the emirate’s appeal as a city that supports business growth and success,” said Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, the UAE’s Minister of Finance and President of DIFC.
The platform serves as an important step towards realising the objectives of the Dubai Economic Agenda D33, which aims to double the size of the city’s economy and consolidate its position as one of the world’s top four financial centres over the next decade.
According to Gulf Buisness Essa Kazim , Governor of DIFC , said the venture-building platform is expected to support the launch of more than 200 new ventures, with over 100 of them being scale-ups that will collectively create over 8,000 new jobs and attract more than $544m (Dhs2bn) in venture capital.
The programme is supported by multinational experts specialised in new venture creation, corporate innovation and emerging technologies.
They will be working closely with DIFC’s investor bases and corporate partners Mashreq , Mastercard and Commercial Bank of Dubai to launch the next generation of global fintech startups in the city.
To scale up activity across a range of verticals, the venture building platform attracted some of the world’s leading venture studios to Dubai including
R/GA, Antler , منجم تطوير الأعمال | BIM Ventures and FutureLabs Ventures .
DIFC, became a leading global innovation hub, by attracting and retaining top talent, investing in research and development, fostering an environment of innovation and creativity, building a robust startup ecosystem, and establishing partnerships with leading global institutions and corporations. It has also a supportive regulatory environment, access to capital, and a culture that encourages risk-taking and experimentation.
To know more about DIFC Growth strategy :
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