Dubai SME, the agency of Dubai economy mandated to develop the small and medium enterprise (SME) sector, has announced the launch of a new business incubator ‘Ztartup,’ in Dubai Healthcare City
The new incubator, located in Wafi Residences, is dedicated to healthcare technology, including digital media and augmented & virtual reality used in healthcare, digital emergency and safety technology. The centre will also help the entrepreneurs developing and improving smart phone applications for the healthcare, and fintech sectors.
The new incubator provides two specialised programmes, one for business incubation and the other, for business accelerators. The Incubator will evaluate the enterprises and the skill of the entrepreneurs and help them choose the best programme for them to start and launch their businesses. The incubator also offers several other services, including connecting entrepreneurs to a network of specialists and mentors to help develop their products and services.
Abdul Baset Al Janahi, CEO of Dubai SME, said, “There should be balanced support from the public as well as private sectors to enhance the role of small and medium enterprises, create new market opportunities start-ups, open diverse financing channels for entrepreneurs with innovative ideas, and formulate systems and laws for crowd funding. The private sector plays a major role in supporting start-ups through its community initiatives, which contributes to accelerating economic growth rate.”
Mohamed Shafi, CEO and founder of Ztartup, said, “Our aim is to develop a new ecosystem that supports tech entrepreneurs. The impact of this new system will be seen on future businesses, technical skills of entrepreneurs and overall economic growth in the UAE. Ztartup seeks to incorporate entrepreneurial initiatives into incubation programmes and business accelerators to ensure their success and sustainability. Ztartup will also connect them to experts who can assist them to advance their tech innovations.”
Ztartup brings the number of business incubators certified by Dubai SME to 13. Dubai SME has also established a Business Incubator Network (DBIN) of accredited business incubators and accelerators, which will act as a reference and catalyst for business incubation programmes in the country.
