Dubai SME opens first facility for business incubators

RetailME Bureau

Dubai SME, the agency of the Department of Economic Development (DED) in Dubai, has announced the licensing of the first business incubator in Dubai following the introduction of the ‘Incubators and Business Accelerators’ regulations. The regulations were introduced to ensure necessary guidance and mentoring support to SMEs, streamline the functioning of business incubators and accelerators, as well as create an exemplary environment for creative entrepreneurs.

Dubai SME also marked the opening of ‘Re: Urban Studio’ business incubator in the Dubai Design District (d3), an integrated platform providing a range of specialised business and creativity development services to innovators, designers and entrepreneurs.

“The opening of Re: Urban Studio stems from the strategy of Dubai SME to provide an ideal platform to promote entrepreneurial innovations. This initiative aims to strengthen the emirate’s economic status locally and regionally,” says Sami Al Qamzi, director general, DED.

Abdul Baset Al Janahi, CEO of Dubai SME, also emphasised the priority given by Dubai SME to developing and sustaining the business sector in Dubai and promoting innovation towards building a knowledge-based economy in line the UAE Vision 2021 and Industry 4.0.m

programmes to support beginners in the field of business innovation, specifically on the business aspect, and also provide an innovative work environment and offices that connect creative entrepreneurs and freelancers.

“Dubai seeks to create an integrated entrepreneurial environment and system in all fields and levels, a role that is not limited to government entities but also involves the private sector too,” says Fatima Al Mazrouei, founder of ‘Re: Urban Studio. “We support the lead taken by Dubai SME in Dubai mainly and the Gulf region in general, in supporting emerging enterprises.

Masha’el Al Ali, executive director of ‘Re: Urban Studio,’ says that the incubator will provide a full programme for developing business ideas as well as new companies in the field of design and innovation, the first of which scheduled for launch in September 2018.