UAE MoE and Huawei Cloud launch Startup Program under The Entrepreneurial Nation initiative

UAE MoE and Huawei Cloud launch Startup Program under The Entrepreneurial Nation initiative

Dubai, UAE, The Entrepreneurial Nation, an initiative of the UAE Ministry of Economy, announced its partnership with Huawei Cloud to launch the Huawei Cloud Startup Program in the country. The Program seeks to accelerate UAE's startup ecosystem, providing up to $150,000 in vouchers and access to Huawei Cloud ecosystem resources for eligible businesses.

According to the Ministry of Economy, 94% of the total number of companies operating in the country are in the small and medium-sized (SMEs) or startups sector. SMEs provide jobs for more than 86% of the private sector's workforce. In Dubai, 95% of the emirate’s firms consist of SMEs, employing 42% of its workers and accounting for more than 40% of its GDP. The Huawei Cloud Startup Program will leverage Huawei's three decades of ICT and digitalization expertise to support this crucial sector while helping unleash innovation in the UAE and further boosting the country's digitization goals.

In October 2022, the Ministry of Economy launched the second phase of The Entrepreneurial Nation, the comprehensive and one-of-a-kind national project for the development of the UAE’s SMEs and the overall national entrepreneurial landscape. This phase of the project is based on the largest public-private sector partnerships of their kind and aims