DUBAI / WAM
Dubai SME, the agency of the Department of Economic Development (DED) located in Dubai and mandated to develop the small and medium enterprise (SME) sector, announced the licencing of the first business incubator in Dubai,
following the introduction of the ‘Incubators and Business Accelerators’ regulations.
The regulations were introduced to ensure necessary guidance and mentoring support to SMEs, streamline the functioning of business incubators and accelerators, as well as create an exemplary environment for creative entrepreneurs.
Dubai SME also marked the opening of the “Re: Urban Studio” business incubator in the Dubai Design District (d3). It is an integrated platform providing a range of specialised business and creativity development services to innovators, designers and entrepreneurs.
Regarding the opening, Sami Al Qamzi, Director-General of DED, said, “The opening of ‘Re: Urban Studio’ stems from the strategy of Dubai SME to provide an ideal platform to promote entrepreneurial innovations by enabling creative entrepreneurs to chase their dreams and transform their ideas into distinct projects that support sustainable development and
contribute to building a knowledge economy in Dubai, thereby strengthening the emirate’s economic status locally and regionally.”