Dubai Next brings innovative means to supercharge startups
Nader Sabry/Dubai
The crowdfunding space has evolved and has opened up new funding options.
Scaleability is a challenge many UAE startups face on multiple fronts running from talent, capital, technology and know-how.
Dubai Next is a great initiative, especially given the current economic situation. Cash is like oxygen for startups: Without it, they cannot innovate and deliver value.
This initiative opens up many economic opportunities for Dubai. First and foremost is liquidity to an essential part of the economy that normally doesn’t have access to capital like more prominent companies. The more capital access options startups have, including equity and debt, the more economic value will be created. This also opens up unique opportunities like convertibles, which is debt that can be converted into equity against specific conditions. More sophisticated instruments are needed to help growth, and crowdfunding is one of
Dubai: The immediate focus of the revised UAE’s Commercial Companies Law will be on new businesses being launched in the country through 100 per cent ownership of local operations. The immediate - and biggest – gains should be for tech and digital-focussed businesses that want to set up in the mainland and not have to go through free zones for full ownership.
While June 1 has been set as the date for the revised Law to be fully effective, investors and business owners will need to closely watch for add-on developments. The UAE Cabinet will establish a committee, comprising representatives from each of the Department of Economic Development entities, which will be responsible for determining:
दुबई क्राउन प्रिंस ने युवाओं को कारोबार शुरू करने में मदद करने के लिए बनाई ये योजना newstracklive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newstracklive.com Daily Mail and Mail on Sunday newspapers.
Sheikh Hamdan unveils new crowdfunding platform in Dubai for youth entrepreneurs gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.