Dubai, United Arab Emirates - Wednesday, June 19th 2013 [ME NewsWire]
The In5 innovation hub, the UAE’s newest hot spot for tech entrepreneurs and start-ups, is witnessing a significant uptake in applications from budding ICT entrepreneurs.
The news follows findings of a report from Sindibad Business entitled Investment in Internet and Technology Startups in the Arab World which states that UAE tech startups attracted an overall estimate of $74 Million from 2010 to 2012, the highest in the region.
In5, which aims to supporting the development of the ICT start-up ecosystem in Dubai, was launched last month by Dubai Internet City (DIC), the Middle East and North’s Africa’s largest ICT community.
As part of DIC’s commitment to the development of the UAE’s ICT industry, in5 will be participating in the Arabnet Digital Summit, the largest regional event for web and mobile businesses.
The summit, which takes place at Altantis Palm Jumeirah from June 24-26, is set to convene more than 800 executives, investors, entrepreneurs, and media from over 25 countries.
More than 100 speakers will gather during the event to discuss the latest digital opportunities in mobile, media and advertisement, social media, e-commerce, and entrepreneurship. Speakers will also share their insights on the use of digital technologies in traditional industry sectors, namely healthcare, education, recruitment, retail, and real estate, among others.
Among them will be Majed Al Suwaidi, Director of Business Development at Dubai Internet City and Dubai Outsource Zone, who will participate in a special roundtable discussing entrepreneurship and angel investing.
Speaking ahead of the event, Mr Al Suwaidi said: "The availability of investors, access to thousands of international businesses and a developed ICT society all contribute to making the UAE a compelling destination for entrepreneurship and new start-ups. As such, the number of tech entrepreneurs vying to convert their ideas to commercial entities in the region continues to grow year on year.
"The ArabNet Digital Summit is clear proof of the insatiable appetite of innovators in the region to explore new trends, collaborate and network. However, starting any business can be fraught with uncertainty and In5 seeks to provide entrepreneurs in the areas of ICT, mobile and digital media with the infrastructure and support needed to launch their ideas, and to compete in the global marketplace.”
In5 provides entrepreneurs with a dynamic and engaging working environment from the early stages of idea creation through to idea implementation and the commercial launch of a product or service. Entrepreneurs can apply on an individual or company basis, and will be assessed by a committee of industry experts to determine their eligibility.
The hub will grant the selected entrepreneurs with five key benefits: set-up and logistics support, mentoring, training, networking opportunities and access to funding. Visit www.in5.ae.
ENDS
About In5
The In5 innovation hub, launched by Dubai Internet City, aims to foster and promote entrepreneurship and innovation in order to further develop the technology start-up ecosystem in Dubai and the region. In5 provides infrastructure, support and a dynamic and engaging working environment to entrepreneurs from the early stages of idea creation through to idea implementation and the commercial launch of a product or service. It provides entrepreneurs with mentoring, training, networking opportunities and access to funding and is open to entrepreneurs of all nationalities wishing to start-up in the areas of ICT, mobile and digital media.
About Dubai Internet City
Dubai Internet City (DIC) is the Middle East and North Africa’s largest ICT hub. Since the year 2000, DIC has successfully developed a prosperous ecosystem for technology organisations and today is home to Fortune 500 listed companies and multinationals as well as some of the region’s most dynamic and successful technology SMEs and start-ups from all elements of the ICT value chain.
DIC provides a wide range of facilities including state-of-the-art offices, a robust IT infrastructure, 24-hour security, retail services and hotels, spread across the business park’s unique and tranquil landscape; an environment that helps ICT businesses develop, innovate and grow.
For more information, please visit: www.dubaiinternetcity.com.
Contacts
Alexa Hooft Graafland
ahooftgraafland@bell-pottinger.co.uk
+971555597404
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