Sharjah offers a high-growth ecosystem for start-ups


June 25, 2020 | By RetailME Bureau

Sharjah offers a high-growth ecosystem for start-ups and has ranked on top in high growth activation phase ecosystems in the Global Startup Ecosystem Report (GSER). This marks a milestone in the Sharjah’s journey towards becoming a thriving global start-up hub.

In line with the Sharjah Entrepreneurship Center’s (Sheraa) mandate to put Sharjah on the map as an entrepreneurial hub locally and internationally, Sheraa has partnered with Startup Genome, a policy advisory and research organisation for governments and public-private partnerships, to benchmark Sharjah’s entrepreneurial performance and contribute towards the 2020 GSER, powered by Startup Genome and the Global Entrepreneurship Network.

“It is a proud moment for Sheraa, and Sharjah, to be recognised as a top high-growth ecosystem by Startup Genome. This achievement is a testament to our dedicated efforts over the past five years to cultivate a world-class entrepreneurship ecosystem. We look forward to further advancing Sharjah’s reputation as a vibrant start-up hub – one that is home to high-impact ventures that contribute to our communities and the growth of our economy,” said Najla Al Midfa, CEO, Sheraa.

The 2020 GSER cites Sharjah’s commitment to research & innovation, the access to high-calibre talent through the University City, the presence of regional sub-sector strengths such as education technology and the creative economy, as key assets in the Sharjah ecosystem.

Sharjah also ranks among the Top 20 in Africa and the Middle East for “Bang for Buck” and the Top 30 Africa & Middle East Ecosystems for Affordable Talent.

“This is the time for policymakers, community leaders and foundations to double down on their support of local start-ups, the #1 engine of job creation and economic growth,” added JF Gauthier, founder & CEO, Startup Genome. “The GSER is the foundation of global knowledge where we, as a network, come together to identify what policies actually produce economic impact and in what context.”

Read The Global Startup Ecosystem Report 2020

 

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