June 14, 2024

The Future Challenges Ahead discussed by Dubai Future Council for Entrepreneurship and Innovation Ecosystems


The virtual meeting headed by HE. Khalfan Juma Belhoul, Chair of the Dubai Future Council for Entrepreneurship and Innovation Ecosystems, the council members stressed that the UAE is at the forefront in launching packages of incentive initiatives for start-ups and entrepreneurs, also as providing them with support to beat the challenges amidst the global current on-going crisis.

The meeting mentioned the role of the Council in providing efforts to develop comes and immediate solutions to the challenges sweet-faced by tiny and medium enterprises and innovative firms in a very approach that enhances the method of innovation and also the property of the entrepreneurial sector in Dubai centre and the UAE.

Initiatives to adapt to current changes: –

Council members stressed the importance of activating the initiatives that were mentioned right away in coordination with the government and personal sector; so as to scale back the negative effects obligatory by the global current crisis on the most vital economic sectors, also on maintain Dubai’s position as a number one town in attracting start-ups and entrepreneurs.

Members of the council, to boot highlighted the necessity to require advantage and build use of the reports issued by the Dubai Future analysis, the analysis arm of the urban Dubai Future Foundation to higher perceive and anticipate the longer term of the entrepreneurship sector, also on build proactive selections to deal with challenges in light-weight of the unfold of the current on-going crisis.

Entrepreneurial Challenges: –

The Council conjointly mentioned a spread of topics concerning the entrepreneurial and innovation system in Dubai Centre, together with latest government decisions and incentive initiatives, business licenses and visas, income management associate declared an increasing reliance on the idea of remote work, and also the speedy developments within the technology and innovation sector.

Khalfan Belhoul: Supporting Entrepreneurs in these turbulent times: –

Speaking at the meeting, Khalfan Belhoul, CEO of the Dubai Future Foundation stated: “Throughout the approaching amount, the Dubai Future Council for Entrepreneurship and Innovation Ecosystems can specialize in strategic and effective about to enhance the partnership of state and personal entities in Dubai centre and also the global.”

He added: “The UAE and Dubai centre especially, have succeeded within the past number of years in developing associate degree integrated innovation scheme that fosters ability, collaboration and innovation, and can still support and change entrepreneurs to develop their homes and businesses, despite the challenges conferred in recent times. The Council continues to review and analyse the simplest mechanisms to confirm business continuity and development for start-ups and entrepreneurs.”

“They have a tendency to be getting to produce associate degree integrated system that has a collection of choices to facilitate business follow and develop solutions to the foremost vital challenges facing entrepreneurs.”

Joint Report on the longer term of Entrepreneurship: –

Belhoul further added that, “The recommendations and outcomes of the Council are going to be shared with the analysis arm at the Dubai Future Foundation to figure on getting ready a joint, in-depth report, light the sector’s current scenario, opportunities conferred and what are the short- and long recommendations so as to mitigate impact and adapt to vary moving forward.”

The Council can work closely with Dubai Future analysis in manufacturing a report on what the entrepreneurship landscape will appear as if post current on-going crisis. The progressive report are going to be a part of a series of reports titled “Life once current on-going crisis” launched by the Dubai Future Foundation to anticipate and foresee the longer term of important sectors within the UAE and also the region amid current on-going crisis.

Philip Bahoshy: Supporting start-ups to confirm business continuity: –

For his half, prince Bahoshy, business executive of MAGNITT, stressed the importance of supporting and empowering abilities that are the core of the start-ups business, and using common suggestions and ideas that are mentioned within the council conferences to contribute completely to the event of the start-up scheme and also the economic.

Bahoshy highlighted a number of the approach native governments will support start-ups, together with removal or delay of visa charges of hiring new workers within the UAE, facilitating simple and free visa transfer between free zones and reduction on utility bills.

Fatima Al Naqbi: distinctive Challenges and Solutions: –

Fatima Al Naqbi, federation at the prophet Bin Rashid Innovation Fund, discerned some studies that are being worked on to spot the sectors and corporations most littered with this world health challenges so as to see the simplest answer to confirm they keep running. She conjointly highlighted the importance to own a unified clear PR and media voice to any or all start-ups from Dubai centre the UAE to permit the scheme to grow more.

Danny Farha: Strengthening Government Measures: –

Danny Farha, CEO of BECO, same that government measures concerning finishing contracts signed with rising firms ought to be strong throughout the approaching amount, suspending or cancelling VAT payments or extending of deadlines penalties. He conjointly conferred a projected answer to a start-up that works on a comprehensive platform for governments to manage start-up loans in response to the challenges posed by “Current on-going crisis”.

Fadi Ghandour: Measures to limit the damages of this world crisis to the innovation system: –

For his half, Fadi Ghandour, Executive Chairmen of WAMDA discerned doable solutions to deal with these challenges, together with income management and also the significance for the government to co-invest in firms and start-ups that are doing well. He more projected a central web site for all start-ups to own access to with regard to any or all government connected services.

Saeed Al-Marri: The helpful measures to confirm continuation of labor and innovation: –

Saeed Matar Al Marri, Deputy CEO at Dubai Centre SME, same that cooperation is presently going down with several banking authorities within the country to launch new packages to support entrepreneurs and start-ups firms, and stressed the importance of reducing government fees and not imposing fines on the ensuing payments, stressing that the choices to not impose fees on late renewal of economic licenses supports the continuation of labour and innovation.

Magnus Olsson: specialize in retentive talent within the job market: –

Magnus Olsson, co-founder of Careem, stressed the importance of specializing in retentive and protective abilities within the UAE by facilitating the movement of workers between firms, also reducing their value of living in Dubai and supplies a way of community, happiness and trust.

For boot, he highlighted the importance of up difficult fund raising setting with concepts from government to facilitate or invest further cash and cut back their fees for many months throughout the current on-going crisis.

Khaula Al-Kaabi: A validating system to facilitate business and trade: – Dr.Khaula conferred a novel proposal of building UAEGC (UAE cluster Companies) restrictive platform to line trusty health system between firms & customers by overseeing infection management policies & laws for shipping & delivery services and E-commerce companies. Also, it migrates offline retail businesses to on-line through B2C E-commerce platforms licensed by UAEGC.



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