DMCC, China’s Innoway to woo new wave of innovation to Dubai

DMCC, China’s Innoway to woo new wave of innovation to Dubai

Admin 19 hours ago Local News

DUBAI / WAM

DMCC, the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, and Innoway, a Chinese platform established by the Beijing and Haidian Government, have signed a Memorandum of Understanding (MoU) to increase collaboration in the tech sector between the UAE and China, and usher in a new wave of innovation to Dubai. DMCC will serve as Innoway's foothold in the region, supporting them with the development of an incubation and acceleration programme that attracts Chinese innovators, entrepreneurs and tech start-ups to Dubai. "Dubai has an ambitious innovation agenda, which is driven by government and accelerated by the private sector. Innovation is in Dubai's DNA and so too is collaboration. This is just one of the reasons why DMCC is delighted to sign this agreement with Innoway - an organisation that has an equally impressive innovation story,“ said Feryal Ahmadi, Chief Operating Officer of DMCC. "Through this strategic partnership with Innoway, we will serve as the launchpad for China's most promising start-ups and SMEs, offering them unprecedented opportunities to scale and tap new markets while also supporting the emirate's digital agenda,“ she added. Originally established as a science, technology