DIFC Launches New License for Tech Startups and Entrepreneurs

DIFC Launches New License for Tech Startups and Entrepreneurs

The Dubai International Financial Centre (DIFC), a special economic zone in Dubai and a financial hub for the Middle East, Africa and South Asia (MEASA) markets, has launched a new license for startups, entrepreneurs and technology companies.. The Dubai Innovation License costs US$1,500 and provides companies with access to co-working space at DIFC with a flexible desk space at US$500 per month.. It aims to "serve as a launch pad for relevant and cutting-edge technology pertaining to all tech startups, entrepreneurs, and technology and innovative companies," and "enable them to tap into tech innovations and opportunities across the MEASA region.. The DIFC Fintech Hive recently expanded its business and innovation space.. The expanded space will house a new event area, additional co-working space, as well as the Startupbootcamp accelerator program.. And since early 2019 , the DIFC has been working to expand the center by a total of 13 million square feet in a plan called DIFC 2.0.. Upon completion, the new district will comprise 6.4 million square feet of office space, 2.6 million square feet of creative space, 1.5 million square feet of residences, 1.3 million square feet of retail space and 700,000 square