Sheikh Hamdan launches platform to help youth start businesses in Dubai
Web report/Dubai
Photo: Wam
The initiative was announced by the Crown Prince of Dubai on Wednesday.
Dubai has launched a crowdfunding platform to support the creative dreams of aspiring entrepreneurs in the emirate.
The initiative was announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on Wednesday.
Taking to Twitter, he said, Today, we launched the Dubai Next platform, the first of its kind, to attract crowdfunding to support creative ideas and projects.
The Dubai CP said the idea behind the initiative was to motivate youth from the UAE as well as from other countries to start their own businesses in Dubai.
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Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, on Wednesday, launched ‘Dubai Next’ – a new digital crowdfunding platform for supporting entrepreneurs and start-ups.
The new initiative will contribute to stimulating positive competition and encouraging youth to put forward innovative ideas as well as obtain community support through crowdfunding , Sheikh Hamdan said in a statement. It will also empower a generation that is capable of innovating to succeed in a competitive commercial environment, thus reinforcing the fundamental role of SMEs in economic development so that the UAE can continue to stand as a model for youth empowerment,” he added.
Crowdfunding – a type of alternative finance – refers to the practice of funding a project or venture by raising small amounts of capital from a large group of people, usually through the internet.
SMEs key pillar of national economy: Hamdan
11 hours ago Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that the small and medium enterprises (SMEs) sector is a key pillar of the national economy, and that the UAE continues to give increasing attention to the sector through initiatives and programmes launched to support entrepreneurship in the city.
Sheikh Hamdan said: “His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has continued to emphasise the role of youth in building the future and the importance of empowering them through providing them with opportunities that enable them to reach their full potential. We are committed to realising His Highness vision and introducing solutions and initiatives that will transform their creative energies into achievements that support our development j