Tecom Group, the free zone authority that counts Dubai Internet City, Dubai Media City and Dubai Design District within its remit, agreed a deal with Dubai Future Foundation and Dubai Development Authority aimed at accelerating the growth of creative start-ups seeking to find solutions to future world challenges.
The DDA is the government entity responsible for overseeing the development and regulation of free zone clusters across the emirate, while the Dubai Future Foundation is a state-backed think tank that aims to set the agenda for how to future-proof the economy and society.
Tecom is the founder of start-up platform in5, which has several accelerator facilities such as in Knowledge Village and Dubai Internet City. Since its inception in 2013, in5 has hosted more than 180 start-ups and helped them raise a total of Dh390 million.
Under the new deal, the three parties pledged to strengthen collaboration to encourage local and overseas start-ups to set up shop in Dubai, and help them access new markets and investor funding.
Dubai Future Foundation will introduce innovative start-ups to the in5 platform, which in turn will provide them with simplified business set-up services and access to creative co-working spaces and state-of-the-art facilities, as well as mentoring and partnership opportunities, the parties said on Monday.
“The new partnership aligns with Dubai’s endeavours to anticipate and prepare for future challenges and turn them into opportunities,” said Abdulla Belhoul, chief commercial officer at Tecom Group.
“Through bringing the brightest minds and most promising start-ups from around the world to Dubai and facilitating their synergies with local government entities, we seek to fast-track the development of the innovation ecosystem and enhance the emirate’s position as a global hub for smart government models and businesses.”
The initiative is part of the UAE’s Centennial Plan, or AREA 2071, which aims to make the UAE the world’s leading nation for designing the future by 2071, through a series of initiatives across industries.
THE BIO:
Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.
Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.
Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.
Personal motto: Believe it and you can achieve it.
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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
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The specs
Engine: 2.5-litre, turbocharged 5-cylinder
Transmission: seven-speed auto
Power: 400hp
Torque: 500Nm
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
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Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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2. Manchester City 80
3. Leicester 67
4. Chelsea 63
5. Manchester United 61
6. Tottenham 58
7. Wolves 56
8. Arsenal 56
9. Sheffield United 55
10. Everton 50
11. Burnley 49
12. Crystal Palace 49
13. Newcastle 46
14. Southampton 44
15. West Ham 39
16. Brighton 37
17. Watford 36
18. Bournemouth 36
19. Aston Villa 32
20. Norwich City 29
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Tomorrow 2021
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The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
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On sale: Now
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MATCH INFO
Euro 2020 qualifier
Ukraine 2 (Yaremchuk 06', Yarmolenko 27')
Portugal 1 (Ronaldo 72' pen)
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Brief scoreline
Switzerland 0
England 0
Result: England win 6-5 on penalties
Man of the Match: Trent Alexander-Arnold (England)
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MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
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RESULTS
Brief scoreline:
Wolves 3
Neves 28', Doherty 37', Jota 45' 2
Arsenal 1
Papastathopoulos 80'