Latest news with #DubaiSME
Khaleej Times
11-08-2025
- Business
- Khaleej Times
iACCEL GBI and Toronto Business Development Centre team up to help startups scale across UAE and Canada
iACCEL Gulf Business Incubator (iACCEL GBI), a leading go-to-market accelerator launched under the patronage of Dubai SME, has signed a strategic Memorandum of Understanding (MoU) with Toronto Business Development Centre (TBDC), Toronto's 35 year old, premier non-profit startup incubator. The agreement establishes a robust cross-border framework designed to support high-potential startups in navigating international expansion between the UAE and Canada. This partnership brings together TBDC's experience helping global startups grow in North America and iACCEL GBI's success in the UAE and Middle East, creating a pathway for expansion. Opening Canada's vibrant tech ecosystem to UAE & Middle Eastern startups, while offering Canadian entrepreneurs' clear pathways into the GCC Region. This partnership comes at a time when both countries are looking to grow stronger startup ecosystems. It shows a joint commitment to helping founders succeed beyond their home markets. iACCEL GBI and TBDC will work together to launch new efforts that give startups the right support networks, guidance, and real chances to grow in global markets. Startups that participate in the initiatives and programs, from this association will receive strong support to prepare for new markets, along with direct links to investors, business leaders, and local experts. The Toronto–UAE Innovation Bridge will also offer ongoing access to shared tools, trusted advice, and learning from other founders. "Partnering with TBDC represents a new chapter in how we help entrepreneurs achieve global ambitions," said Deepak Ahuja, Co-founder and CEO of iACCEL GBI. "By working closely with an organization that has decades of experience supporting international startups in North America, we're opening exciting opportunities for founders of this region to scale into one of the world's most dynamic technology regions." Anishkaa Gehani, Co-founder and CMO of iACCEL GBI, added: "Startups thrive when they have access to fresh perspectives and the right ecosystem to support their journey. Our partnership with TBDC is about fulfilling this need - by creating a platform where entrepreneurs from the UAE and Canada can connect, test ideas in new environments, and accelerate their ambitions with confidence." Vikram Khurana, chairman of Toronto Business Development Centre, said: "Our partnership with iACCEL GBI creates a launchpad for UAE startups to grow into North America and pathways for Canadian ventures into the Gulf. The UAE is a critical node in the global innovation landscape and this partnership will foster two-way access between two major tech and investment hubs." With both countries emerging as strong startup hubs, this partnership allows iACCEL GBI and TBDC to play an active role in shaping global innovation, while helping the UAE grow as a top destination for entrepreneurs.
Zawya
11-08-2025
- Business
- Zawya
IACCEL GBI and Toronto Business Development Centre team up to help startups scale across UAE and Canada
Dubai, UAE: iACCEL Gulf Business Incubator (iACCEL GBI), a leading go-to-market accelerator launched under the patronage of Dubai SME, has signed a strategic Memorandum of Understanding (MoU) with Toronto Business Development Centre (TBDC), Toronto's 35 year old, premier non-profit startup incubator. The agreement establishes a robust cross-border framework designed to support high-potential startups in navigating international expansion between the UAE and Canada. This partnership brings together TBDC's experience helping global startups grow in North America and iACCEL GBI's success in the UAE and Middle East, creating a pathway for expansion. Opening Canada's vibrant tech ecosystem to UAE & Middle Eastern startups, while offering Canadian entrepreneurs' clear pathways into the GCC Region. This partnership comes at a time when both countries are looking to grow stronger startup ecosystems. It shows a joint commitment to helping founders succeed beyond their home markets. iACCEL GBI and TBDC will work together to launch new efforts that give startups the right support networks, guidance, and real chances to grow in global markets. Startups that participate in the initiatives and programs, from this association will receive strong support to prepare for new markets, along with direct links to investors, business leaders, and local experts. The Toronto–UAE Innovation Bridge will also offer ongoing access to shared tools, trusted advice, and learning from other founders. 'Partnering with TBDC represents a new chapter in how we help entrepreneurs achieve global ambitions,' said Deepak Ahuja, Co-founder and CEO of iACCEL GBI. 'By working closely with an organization that has decades of experience supporting international startups in North America, we're opening exciting opportunities for founders of this region to scale into one of the world's most dynamic technology regions.' Anishkaa Gehani, Co-founder and CMO of iACCEL GBI, added, 'Startups thrive when they have access to fresh perspectives and the right ecosystem to support their journey. Our partnership with TBDC is about fulfilling this need - by creating a platform where entrepreneurs from the UAE and Canada can connect, test ideas in new environments, and accelerate their ambitions with confidence.' Vikram Khurana, Chairman of Toronto Business Development Centre, said, 'Our partnership with iACCEL GBI creates a launchpad for UAE startups to grow into North America and pathways for Canadian ventures into the Gulf. The UAE is a critical node in the global innovation landscape and this partnership will foster two-way access between two major tech and investment hubs' With both countries emerging as strong startup hubs, this partnership allows iACCEL GBI and TBDC to play an active role in shaping global innovation, while helping the UAE grow as a top destination for entrepreneurs. About iACCEL GBI: iACCEL Gulf Business Incubator is a leading go-to market accelerator that provides end-to-end support for startups expanding to the UAE and Middle East. Launched under the patronage of Dubai SME and the Hamdan Innovation Incubator (Hi2), iACCEL GBI has developed a robust value proposition that focuses on startups by leveraging the experience and expertise of its dynamic network. It supports entrepreneurs with a wide range of services, including setup support, market access into the government and private sectors, networking opportunities, intellectual capital access to funding, business advice, and more. For more information visit: For more information, please contact: Dimple Menezes dimple@ Shams Matin shams@ Yardstick Marketing Management PO Box - 116125, Dubai, United Arab Emirates
Hi Dubai
17-07-2025
- Business
- Hi Dubai
Top Government-Backed Business Support Platforms in Dubai: A Guide for Entrepreneurs and SMEs
Dubai has long positioned itself as a leading hub for entrepreneurship in the region, and that's not just a marketing slogan—it's backed by real infrastructure, funding, and government commitment. According to the UAE Ministry of Economy, small and medium enterprises (SMEs) represent more than 94% of all companies operating in the country and contribute over 60% to the national GDP. So, what's powering this growth behind the scenes? Beyond funding and free zones, Dubai offers a variety of officially backed networking platforms designed specifically to connect entrepreneurs, founders, and SME owners with the right people, resources, and opportunities. Could a single conversation at a government-backed forum unlock your next big client, supplier, or investor? With the competitive pressure of Dubai's fast-moving business environment, staying connected isn't just helpful. It's often essential. These structured forums do more than facilitate introductions. They offer access to government support programs, exclusive workshops, procurement opportunities, and regional exposure that's difficult to replicate through informal channels. How else can a startup founder get direct access to policymakers or corporate decision-makers? In this article, we explore the top official business networking groups and forums in Dubai, highlighting who they're for, how to join, what they cost, and what kind of support entrepreneurs can realistically expect. Dubai SME (Department of Economy and Tourism) Dubai SME, a division of the Department of Economy and Tourism (DET), was established in 2002 to support UAE National entrepreneurs through every stage of their business journey. Formerly known as the Mohammed Bin Rashid Establishment for SME Development, it offers guidance, funding, and streamlined access to government services. Its integration within DET reflects a long-term commitment to SME growth, ensuring alignment with Dubai's economic goals and simplifying official procedures for business owners. Best for: New entrepreneurs launching businesses. UAE/GCC nationals aiming for long-term business growth. Existing SMEs needing scale-up support. Enterprises targeting government contracts (10% of contracts are allocated through Emirati Supplier Programme). Dubai-based businesses (including select free zones). Membership Requirements (for UAE/GCC nationals): UAE or GCC nationality with valid documents. Max 5 trade licenses per applicant (fully/partially owned). Must reside and operate in Dubai. Fees: AED 1,000 (Years 1–3), AED 2,000 (Years 4–5), or AED 1,050 flat for new/renewed license (excluding federal fees). Government Procurement Program: 100% UAE-owned and managed. Dubai-based business and residence. Must meet Ministry of Finance's SME criteria. Requires trade license, passport, signature authorization, and audited report (if 5+ years old). Funding Services: Enterprise must be 100% UAE-owned and Dubai-based. Applicant must actively manage the business (ages 21–65). 20%+ capital contribution, with consent-based appointments for key roles. Dubai Chambers (Commerce, International & Digital Economy) Dubai Chambers operates under a three-chamber model—Commerce, International, and Digital Economy—established through Law No. 1 of 2022 to boost Dubai's non-oil trade and global business appeal. The Dubai International Chamber focuses on attracting foreign investment and helping local businesses expand internationally. This shift from a single entity to a multi-chamber structure reflects Dubai's commitment to economic diversification and offers more targeted support to businesses based on their specific needs and growth goals. Best for: Mainland and free zone companies in trade, industry, or services. SMEs aiming for international expansion (e.g., via Dubai International Chamber's 'New Horizons'). Foreign investors and international companies. Businesses involved in trade needing COOs, Carnets, or attestations. Companies looking for local/global networking and industry insights. Membership Details: Open to all business types (sole, local, foreign, or free zone). Documentation varies by business structure but typically includes a trade license, a passport/Emirates ID, an MOA, and a POA (if applicable). Fees & Tiers: Handicrafts/e-traders: AED 50–300 Bronze : AED 49/month (basic access and listings) : AED 49/month (basic access and listings) Silver : AED 199/month (premium networking, advisor, reports) : AED 199/month (premium networking, advisor, reports) Gold : AED 999/month (global reach, market research, featured listings) : AED 999/month (global reach, market research, featured listings) Dubai SME members enjoy a 5-year fee exemption. Ministry of Economy – National SME Programme The National SME Programme, under the Ministry of Economy and established by Federal Law No. 2 of 2014, serves as the federal arm of SME support in the UAE. It empowers Emirati entrepreneurs through coordinated efforts with the government and private sectors, offering marketing, funding, and training support. Focused on sustainable development and national competitiveness, the program plays a key role in promoting locally made products and fostering a new generation of Emirati business leaders. Best for: UAE nationals (18+ years old). Businesses less than 3 years old or with fewer than 4 existing trade licenses. 100% UAE-owned, registered, and compliant with National SME classification. Entrepreneurs in trading, services, or industrial sectors. Companies seeking participation in exhibitions, training, or market insights. Requirements: Valid documents (passport, family book, ID, license, photo). Must be tax registered and insured. Manufacturers need an ISO certification. Cost & Validity: Membership is free. Valid for 2 years post-trade license renewal. Dubai Economic Development Department (DET) The Department of Economy and Tourism (DET), formerly DED, is the main body shaping Dubai's economic strategy. It supports the emirate's shift toward a diversified, service-based economy through agencies like Dubai SME and Dubai Exports. DET handles mainland licensing, drives export growth, and promotes foreign investment. Its rebranding reflects the integration of tourism into Dubai's economic priorities, creating a unified support system for both traditional businesses and the hospitality sector. Entrepreneurs should note that DET governs mainland licensing, while free zones have separate authorities. Best for: Entrepreneurs setting up mainland businesses. Companies needing license renewals, trademarks, and permits. Exporters seeking new markets (via Dubai Exports). SMEs looking for FDI opportunities or government procurement. Business Setup Process: Choose legal form and jurisdiction. Register trade name, submit documents, apply for the appropriate license. Provide lease/NOC, passport copies, and any required plans or forms. Export Support: Register via eServices portal. Update profile, request services. Programs like trade missions require separate eligibility. Free Zone Interaction: DET does not regulate free zones, but free zone entities must follow DET procedures to operate branches on the mainland. Required documents include trade name certificate, agent agreements, and Ministry of Economy registration (AED 15,000 fee). Emerging Official Platforms for Business Growth Dubai SME Learning Hub The Dubai SME Learning Hub is a digital platform launched under the D33 agenda to support entrepreneurs with AI-powered, expert-led courses. It offers tailored learning for every stage of business growth, helping turn ideas into successful ventures. By focusing on Dubai-specific needs, the Hub supports a future-ready SME ecosystem and aligns with the city's long-term economic goals. Best for: Entrepreneurs in or entering the Dubai market. Busy individuals seeking flexible, localized business knowledge. Founders needing guidance in finance, innovation, and marketing. Anyone looking for certifications after completing courses. Key Details: No registration required (though UAE Pass/email enhances access). Available in English and Arabic. Free and mobile-compatible. Area 2071 (Dubai Future Foundation) Area 2071, launched in 2017 by the Dubai Future Foundation, is a purpose-built innovation hub designed to help Dubai become the world's leading city of the future by 2071. More than just a co-working space, it connects startups, researchers, and government entities in a shared environment focused on breakthrough ideas. With licensing, visa facilitation, and access to labs, accelerators, and flexible workspaces, it streamlines startup growth. The platform prioritizes ventures with proven traction, offering them resources to scale and contribute to Dubai's long-term innovation agenda. Best for: Entrepreneurs, researchers, and startups working on transformative ideas. Growth-stage startups with traction, GCC relevance, and international ambitions. Public-private innovation partnerships. Facilities & Support: 3-year business licenses and Golden Visa pathway. Community access to labs, investors, and collaborative networks. Launchpad program for startups with: USD 500,000+ annual revenue. Institutional capital raised. Willingness to move the global HQ to the UAE. Dubai's government has built a well-rounded support system for entrepreneurs and SMEs, offering targeted resources for every stage of business, whether you're launching locally through Dubai SME, expanding globally via Dubai Chambers, or innovating within future-ready spaces like Area 2071. Each platform is purposefully designed to meet specific business needs, from funding and training to global networking and digital transformation. By aligning with these official forums, entrepreneurs can navigate Dubai's business landscape with greater clarity, access, and confidence, making it easier to grow, connect, and thrive in one of the world's most business-forward cities. Also read: Protect Your Ideas: Trademark Registration in Dubai Learn how to register a trademark in Dubai with this step-by-step 2025 guide. Understand eligibility, costs, legal benefits, and common mistakes to protect your brand effectively in the UAE. Why Summer is the Best Time to Digitally Transform Your Business in Dubai Summer in Dubai offers the ideal time to upgrade systems, train teams, and prepare your business for a stronger, more efficient Q4. Everything You Need to Know About Local SEO in Dubai Explore why local SEO matters, how to implement it effectively, and how to track your success. By the end, you'll have a clear roadmap to boost your visibility and attract the right customers in Dubai's competitive digital landscape. DIFC Enacts Legislative Amendments to Strengthen Data Protection and Clarify Financial Laws DIFC enacts new amendments to key laws, including enhanced data protection rights and clarifications to insolvency, security, and employment laws, aligning with international best practices.
CairoScene
18-06-2025
- Business
- CairoScene
Dubai SME Facilitates Dhs 1.29 Billion in Contracts in 2024
Dubai SME Facilitates Dhs 1.29 Billion in Contracts in 2024 More than 970 Emirati businesses are currently registered with the programme, reflecting growing private-sector participation and confidence in local SMEs. Dubai SME, a division of the Dubai Department of Economy and Tourism, reported that its Emirati Supplier Programme secured Dhs 1.29 billion in contracts for Emirati SMEs during 2024. The figure underscores the government's ongoing efforts to empower local firms and aligns with the objectives of the Dubai Economic Agenda (D33), which aims to double the emirate's economy by 2033, and supports the UAE's Year of Community. In 2024, government entities such as the Roads & Transport Authority, Dubai Municipality, Dubai Police, and Dubai's Department of Economy and Tourism awarded Dhs 652.8 million worth of contracts to Dubai SME members. Semi-government bodies – notably Emirates Group, Emirates Flight Catering, and Dubai Holding – contributed Dhs 347.7 million, while federal agencies including Emirates Health Services, the Ministry of Education, and MoHRE provided Dhs 94.6 million. The private sector, led by Union Coop, Carrefour, and Emaar, added Dhs 198.9 million. Since its launch in 2002, the programme has disbursed over Dhs 12 billion in contracts, mandating that government-related entities allocate at least 10% of their procurement to Emirati-owned businesses. By embedding national firms into both public and private sector supply chains, the initiative directly supports D33's goals of diversification, SME growth, and increased non-oil GDP contribution. Acting CEO Ahmad Al Room Almheiri highlights that more than 970 Emirati businesses are currently registered with the programme, reflecting growing private-sector participation and confidence in local SMEs. He adds that professional service and technical supplies were the top-performing sectors, with services accounting for 52% of contracts and commerce 45%. By offering procurement opportunities and tailored support like mentorship, training, and financing, the Emirati Supplier Programme bolsters Dubai's SME ecosystem and positions Emirati companies to compete on a global scale—reinforcing Dubai's role as a model for entrepreneurial empowerment and accelerated growth.
Hi Dubai
17-06-2025
- Business
- Hi Dubai
Dubai Awards Over AED1.29 Billion in Contracts to Emirati SMEs Through Supplier Programme
Dubai has awarded more than AED1.29 billion in contracts to Emirati-owned small and medium enterprises (SMEs) in 2024 through the Emirati Supplier Programme, marking a major milestone in its ongoing support for homegrown entrepreneurship. The initiative, overseen by the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), reflects the government's commitment to strengthening the SME ecosystem in line with the Dubai Economic Agenda D33, which aims to double the size of the emirate's economy by 2033. Government entities led the contribution with AED652.8 million in contracts, followed by AED347.7 million from semi-government organisations and AED94.6 million from the federal sector. The private sector accounted for AED198.9 million, with major players like Union Coop, Carrefour, and Emaar Properties backing the initiative. Crown Prince of Dubai H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum affirmed that supporting SMEs remains a strategic priority, citing their role in fostering innovation, economic resilience, and job creation. Under the broader leadership of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Dubai continues to expand access to capital, simplify regulations, and position its entrepreneurs for global success. Since its launch in 2002, the programme has facilitated over AED12 billion in contracts. In 2024 alone, 73 public and private sector entities participated, supporting over 970 registered Emirati businesses across key sectors like professional services, technology, food and beverage, and manufacturing. Officials say the programme is not only boosting non-oil GDP but also reinforcing Dubai's reputation as a globally competitive, innovation-driven economy powered by local talent and enterprise. News Source: Emirates News Agency
