What is the current state of the UAE’s startup ecosystem?

  • Date: 08-Aug-2020
  • Source: Gulf Business
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

What is the current state of the UAE’s startup ecosystem?

How has the Covid-19 pandemic affected the UAE's startup ecosystem?

It has encouraged more innovators and entrepreneurs to step forward and take advantage of various government funds and incentives to nurture and grow new businesses. The UAE has announced special stimulus packages specifically for the startup ecosystem to help entrepreneurs plan for the post Covid-19 environment and new business opportunities.

In the past, funding was the biggest challenge that local entrepreneurs faced. Has that changed in recent years?

Yes. Our region has seen some of the best innovators