STEP NEWS

Support Startup in the Heart of UAE


March 31, 2021 by STEP Conference

Running Businesses Efficiently in the Heart of the United Arab Emirates.

Despite the effects of the hovering economic uncertainty, startups in the UAE backed by venture capital have shown signs of pivoting business models to best adjust to the new normal. This, in turn, has made way for a rise insupport required from the region’s local business hubs and accelerators that bring with them a holistic community of industry experience, mentorship and the right tools for growth.

One such entity in the United Arab Emirates is Abu Dhabi Global Market (ADGM) – a thriving, robust international financial centre that operates under English Common Law. Established in 2015, ADGM offers a modern business infrastructure and a holistic ecosystem that enables companies, startups, financial institutions and SMEs to operate, innovate and grow seamlessly in the UAE and across the MENA region.

How Can Tech Startups Benefit from this Thriving Ecosystem?

Abu Dhabi is an ideal launch pad for tech startups!

  • Innovation strategy
    Through economic accelerator programmes like Ghadan 21, the government has further reinforced its efforts to support innovation, committing AED 1 billion to helping startups and entrepreneurs in Abu Dhabi build a technology-enabled future.
  • Multi-billion dirham commitment
    The AED 50 billion (US$13.6bn) Ghadan 21 programme is accelerating Abu Dhabi’s development as a place where businesses, innovative ideas, and diverse people can not only grow, but also thrive.
  • Entrepreneurial community
    ADGM is home to Hub71, UAE’s thriving tech ecosystem and vibrant community of global entrepreneurs, VCs and accelerators.

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