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Dubai SME and AUD set up incubator to encourage entrepreneurship among students

The SME sector in the UAE accounted for about 94 per cent of the total number companies and employed more than 86 per cent of the private sector workforce at the end of 2019, according to Ministry of Economy data. In Dubai, SMEs accounted for 95 per cent of companies, employed 42 per cent of the workforce and contributed 40 per cent of the emirate’s gross domestic product. The incubator in AUD joins similar initiatives at the Higher Colleges of Technology and the Amity University in Dubai, according to Dubai SME. These incubators serve specialist sectors, including digital technology and robotics, design and innovations in the sustainability of energy, water, building materials, transport

Dubai SME launches new business incubator in American University in Dubai

Dubai: Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, in association with the American University in Dubai (AUD), has added a new business incubator to its expanding network of certified business incubators and accelerators. The new incubator at AUD embodies the vision laid down in the 50 Year Charter of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to establish free economic and creative zones across universities in Dubai, to encourage innovation and entrepreneurship among students. Dubai SME launched the initiative to accredit business incubators and accelerators to promote a stimulating environment for creative entrepreneurs and ensure the required support for then to turn their innovative ideas into pioneering projects. The university incubators provide an educational environment that incubate ideas and instill competencies that will contribute to succ

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