DIFC Looks to Create 8000 Jobs in Dubai Within 5 Years of Venture Studio Launchpad’s Launch

DIFC Looks to Create 8000 Jobs in Dubai Within 5 Years of Venture Studio Launchpad’s Launch

The initiative is a key part of DIFC’s efforts to achieve the goals of its 2030 strategy by attracting the best minds and companies from around the world to Dubai by providing them with all the necessary support to develop, test and launch new start-ups, scale-ups and corporate ventures on an unprecedented scale, time to market and quality. To power this vision, DIFC is launching a dedicated unit called the Studio Launchpad, which is supported by an international group of venture building experts, digital asset pioneers and emerging technology strategists. Studio Launchpad is designed to attract and engage a consortium of start-up and corporate venture studios. The effort builds upon DIFC’s ecosystem to enable collaboration and co-creation between venture studios, corporations, entrepreneurs, investors and academic partners from around the world. Venture studios are organisations that proactively build and invest in start-ups and help them actively achieve success with their own internal capabilities. There are over 730 active venture studios around the world. Over 50 per cent of them launched in the past five years. The rate of growth among corporate venture studios is even higher. New ventures that launch from studios experience 30 per cent higher company success rates and