Entrepreneurial Nation unveils initiatives to support UAE startups

Entrepreneurial Nation unveils initiatives to support UAE startups

Four agreements signed so far to facilitate UAE startups’ growth in South Korea, India, Latvia and Saudi Arabian markets

Published: Mon 28 Nov 2022, 6:11 PM

The Entrepreneurial Nation, the leading national platform designed to qualitatively transform the UAE’s entrepreneurial ecosystem, launched the first set of initiatives under its phase II.

The new initiatives include innovative programs under the ScaleUp track, the support platform for rapidly growing companies, particularly its ScaleUp Expand sub-track.

Four agreements have been concluded so far with the Republic of South Korea, India, Latvia, and the Kingdom of Saudi Arabia under phase II to support the global expansion of UAE’s startups by providing solutions and advantages at competitive prices that ensure sustainable growth of their diverse business activities.

Abdullah bin Ahmed Al Saleh, undersecretary of the Ministry of Economy, said the UAE continues to empower key sectors to support the new economic model to which "we are currently transitioning into," in line with our wise leadership’s proactive vision for economic diversification.

"Accordingly, we are capitalising on sectors of new economy to support GDP growth and leveraging the UAE’s vast resources to promote the nation’s sustainable economic development.”

He said the Entrepreneurial Nation is one of the main pillars supporting entrepreneurship in the UAE,