UAE’S STARTUP ECOSYSTEM SET TO CREATE MORE UNICORNS
The UAE has emerged as a strong hub for entrepreneurs in the technology sector by developing a state-of-the-art start-up ecosystem to nurture talent in key industries such as real estate, e-commerce, financial, logistics, and transport.
UAE-based accelerators such as Fintech Hive, Intelaq, Dtec in Dubai; Hub71 and Flat6Labs in Abu Dhabi; and Sheraa in Sharjah have been extremely supportive of startups across the country. The emirates have also hosted some successful accelerators such as Techstars, Startup Bootcamp, and Plug N Play who are as excited about the UAE as their homegrown counterparts are.
The country has laid down a solid infrastructure for young entrepreneurs to turn their ideas into reality and start their corporate journey. In a short span, the UAE’s start-ups caught the attention of international brands such as Amazon and Uber who acquired homegrown Souq.com and Careem to create the first group of unicorns in the country.
Source Credit: Zawya