Dubai: The UAE Ministry of Economy has revealed results of the final round of the Startup Leap competition.
Launched in November 2021, the competition runs under the StartUp program of the Entrepreneurial Nation, the country’s largest-ever project aimed at developing the entrepreneurship system and attracting successful and innovative entrepreneurial projects.
The program features an all-inclusive portal that offers an integrated set of solutions, opportunities, incentives, and initiatives based on the largest of its kind public-private sector partnerships.
Speaking on the occasion, Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, established that the country has succeeded in enhancing its position as a preferred destination for innovative, leading startups and SMEs in the region and the world, thanks to the vision and support of its wise leadership.
The country continues to develop its economy to become the destination of choice for entrepreneurship and attract outstanding startups from various markets around the world, in accordance with a clear vision and integrated strategies derived from the goals and principles of the “Projects of the 50”.
Dr. Ahmad Belhoul Al Falasi further added.
STARTUP LEAP COMPETITION
1,200+ companies from 33 countries across the globe have contested to win the incentive package offered to the winners. The competition is mainly targeted regional and global startups who wish to set up operations and expand in the UAE.
The Ministry of Economy launched the Entrepreneurial Nation project in November 2021, within the “Projects of the 50” to serve as a comprehensive portal aimed at developing entrepreneurship and enhancing the UAE’s position as the most attractive destination for entrepreneurs and leading entrepreneurial enterprises in the world.
The Project also strives to consolidate the culture of entrepreneurship in the country and provide solutions, learning opportunities, and incentives through three key actions, with a number of tracks as a first stage, based on the largest public-private partnerships.
The initiative contributes to driving a qualitative shift in the system supporting entrepreneurial and business prosperity, thus supporting the objectives of the UAE’s new economy.
The 3 actions which are part of the context are;
- SkillUp Academy – Equips entrepreneurs with the skills required in the world of entrepreneurship and the methodology for their successful application on the ground
- StartUp – Strives to create success stories and help entrepreneurs navigate the world of startup and
- ScaleUp – Supports eligible companies in growth and expansion to become Unicorns.