Dubai financial hub launches venture building platform ‘DIFC Launchpad’

Dubai financial hub launches venture building platform ‘DIFC Launchpad’

Dubai International Financial Centre (DIFC) has launched its venture building programme, ‘DIFC Launchpad’ as the financial hub seeks to build a strong venture model that promotes the growth of innovative startups and scaleups in the region, according to the state-run news agency, . The platform serves as an important step towards realising the objectives of the Dubai Economic Agenda D33, which aims to double the size of the city’s economy and consolidate its position as one of the world’s top four financial centres over the next decade. “The launch of ‘DIFC Launchpad’ is set to further attract innovative companies and enhance the emirate’s appeal as a city that supports business growth and success,” said Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, the UAE’s Minister of Finance and President of DIFC. The initiative supports efforts to realise the financial hub’s 2030 strategy to catalyse new job creation and economic development in both the financial and non-financial services industry. Essa Kazim, Governor of DIFC, said the venture-building platform is expected to support the launch of more than 200 new ventures, with over 100 of them being scale-ups that will collectively create over 8,000 new