Meydan One, a next-generation lifestyle and retail destination, has announced its partnership with SMEDistrict, the Dubai-based incubation platform, that aims to bring to life a comprehensive start-up development programme focused on the retail and F&B sectors.
The initiative aligns with Meydan One’s strategic priority to offer unmatched opportunities for up-and-coming entrepreneurs in fashion, beauty and F&B to establish and grow their brands. SMEDistrict will oversee the new incubation programme that begins receiving applications for monthly or annual memberships from Q4 2019.
Participating entrepreneurs will be able to rent retail space at premium locations in Meydan One at extremely competitive commercial terms. In addition, the start-ups will have access to a range of support services and benefits across four stages of the programme, including mentoring, evaluation, evolution and graduation
Speaking about the benefits of the incubation programme, Fahad Abdulrahim Kazim, vice president of Meydan Malls at Meydan Group, says, “Dubai is spearheading the region’s innovation drive and attracting some of the best start-up talent from around the world. Meydan One is committed to supporting this wave of entrepreneurship, especially in the retail and F&B segments, which are largely overlooked in the local start-up incubation ecosystem. Our partnership with the incubation expert SMEDistrict allows us to tap into the right expertise to enable talented local entrepreneurs to realise the full potential of their businesses. Through offering affordable retail space right at the outset of the programme, we seek to encourage participants to gain real-world experience while they evolve their business models. We envision Meydan One as a place for everyone and a launchpad for home-grown brands that can make an impact in the region and the rest of the world.”
The incubation programme will encompass a fully enabled plug-and-play package, including marketing, fit-out, space rental, business development, workshops and business education, as well as business acceleration opportunities to connect with established private sector organisations and government entities. As part of the Meydan One tenant community, the start-ups will also feature in the destination’s events and have the chance to showcase their offerings at prominent entrepreneurship festivals across the UAE.
“We are pleased to collaborate with Meydan One on this exciting new incubation programme. The initiative levels the playing field through providing start-ups with a tangible platform to position their brands. In other words, it allows them to skip the line on entrepreneurial hurdles, such as accessible infrastructure and guidance, that can prevent great business concepts from becoming a reality,” adds Aynour Hussein, founder and CEO of SMEDistrict.
Meydan One seeks to be a place for any and every business to establish itself and thrive, with no conditions attached. Through a seamless set-up process, businesses within Meydan One’s Free Zone Programme will be able to enjoy the benefits of operating as part of the Meydan Free Zone. This includes 100% ownership, and the ease of doing business in an enabling environment, with high footfalls and a multinational customer base.
UAE-based RAW recently announced that it would be extending its GCC operations,May 4, 2021 | By Bilal Syed
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
UAE-based Carrefour has opened a new store at the world’s busiest international
The once powerful department stores that anchored malls and streets around the
FILA has opened its new futuristic flagship store in Dubai Mall. The 158m²
Who isn’t a sucker for discounts? Customers today are spoiled for choice
The various e-commerce and virtual retail stores that cater to different product
UAE-based Times Square Center is getting ready to reveal its newly refurbished,
A private helicopter carrying the chairman and managing director of Lulu Group,
UAE-based Majid Al Futtaim has officially opened its newest lifestyle and retail
Carrefour has announced that it is expanding its robotic fleet, adding 11
Marking the 200th hypermarket opening in Cairo, Egypt, LuLu is celebrating the
Emerging technologies and IT integration in businesses have been taking place for
Tighter restrictions on hotels, restaurants, shopping malls and entertainment venues on account of