Area 2071 in Dubai launches projects to support emerging tech companies

Area 2071 in Dubai launches projects to support emerging tech companies

Area 2071, a centre for firms developing futuristic technologies, launched three pilot projects in the field of financing emerging technology companies on Saturday.

Area 2071, managed by the Dubai Future Foundation, has launched these projects to facilitate the access of emerging companies and startups to investment institutions, especially those that cannot borrow in their early stages to develop their businesses.

The three projects were selected from over 150 projects participating in a special programme launched by District 2071 in partnership with the "i-Dubai Lab“ Innovation Center in Procter & Gamble that aims to enable emerging companies in various sectors and markets in the region achieve financial stability, said a statement carried by the Dubai Media Office.

"We are pleased to launch this first-of-its-kind initiative in the field of providing financing to small