Dubai is becoming a real hub for startups everyday, not only offering great opportunities in terms of business but also providing great facilities and infrastructure for them as well. There are several initiatives being launch one after another to encourage startup ecosystem in the city, which is also parallel with the smart city vision of Dubai.
It has been announced that, AstroLabs and Dubai Investment Development Agency creating more work space for startups at the Dubai Multi Commodities Centre in April.
AstroLabs is a member of the 20 global tech hub networks of ‘Google for Entrepreneurs’ and the only hub in the Middle East and North Africa (Mena) region. With this new concept, a collaborative co-working space and educational centre is provided at Dubai Multi Commodities Centre (DMCC) to support the start-ups.
The new initiative is not an investment platform, but it is solving a huge problem for startups by providing them a better workspace, where they can also interact with the other players as well as the investors. This is a real hub for the startup ecosystem in Dubai to help them reach Global players. Also, with this initiative, global startups will be able to reach the middle east region to showcase their service abilities for MENA people.
As Modirates.com, we believe that Dubai is the right place for startups to link their abilities with the global players. It is not easy to start a business in Dubai because of high investment costs, but on the other hand, many global players are raising their eyes to MENA region to launch their services in Middle East countries. This means, there is a huge opportunity for collaboration with the local players and the international ones. On the other hand, local companies in Dubai are not flexible enough to launch innovation quickly. This is another opportunity for startups to show their abilities in the market with the support of big local players. Number of similar initiatives will increase in the near future and Dubai has the potential to be the hub for the region, not only for the Gulf countries but also countries like Turkey, India and Singapore.