Dubai SME launches “Concept+” business incubator – News

Concept+ joins the Dubai Business Incubator Network of 15 other certified incubators.

Abdul Baset Al Janahi, CEO of Dubai SME.

Published: Tue, Jun 7, 2022 6:36 PM

Last update: Tue, Jun 7, 2022 6:39 PM

The Mohammed bin Rashid Establishment for the Development of Small and Medium Enterprises (SMEs Dubai), one of the agencies of the Department of Economy and Tourism (DET) in Dubai, has announced the launch of “Concept +”, a new business incubator focused on digital technology and helping young people turn their creative ideas into successful projects.

From attracting innovative ideas in emerging technologies and sectors, to incubating them into commercially viable projects, or guiding them through start-up challenges, Concept+ will provide a full range of support, including feasibility studies, legal and development advice, training and employment, co-working spaces, as well as access to investors, service providers and partners, until the project reaches the maturity needed to sustain growth.

The latest addition to the Dubai Business Incubator Network (DBIN) of business incubators and accelerators certified by Dubai SME, Concept+ aims to encourage young entrepreneurs to unleash their creativity and reach their full potential. Incubator tenants will also receive marketing advice and support, including dedicated spaces within the incubator to test market products, and access to online and physical stores.

Welcoming Concept+ to DBIN, Abdul Baset Al Janahi, CEO of Dubai SME, praised the role of specialized business incubators and the private sector in supporting the economy and developing a new system that meets the needs of the next phase of entrepreneurship

“As a key partner and main driver of business activity in Dubai, the private sector must continue to strengthen its role in overall economic development. Especially in the development of small and medium-sized enterprises, the public and private sectors must align to open up opportunities for innovative businesses by facilitating access to new markets and finance,” said Al Janahi.

“The government is developing systems and frameworks to promote start-ups and alternative funding options, such as crowdfunding. Creating new business opportunities and channeling entrepreneurial talent into emerging sectors is particularly important as the UAE seeks to build a prosperous future for its younger generations by investing in people as well as cutting-edge science and technology. added Al Janahi.

Referring to the contribution of start-ups to gross domestic product and job creation in Dubai, Al Janahi said that these companies have gained global notoriety over the past decade through a number of significant acquisitions. , cementing Dubai’s position as a hub for innovation and knowledge in the region.

Mohammed Al Mansoori, founder of Concept+.

Mohammed Al Mansoori, founder of Concept+.

Mohammed Al Mansoori, Founder of Concept+, said, “Concept Plus is proud to be part of the Dubai Business Incubator Network, as we believe in the potential of our younger generations to make a difference in the world of entrepreneurship. At Concept Plus, we strive to nurture creative minds and build a community that is passionate about a better future, and our knowledgeable team can help them meet the challenges of entrepreneurship. We believe that co-creation is the secret recipe for success.

Al-Mansoori said Concept+ will provide the full range of services required by startups for a successful business trip. “Through our in-house services and strategic partners, we provide all the services any business would need to thrive in the UAE and in the global market, be it sales support, technical support, marketing support or financial support.”

Concept+ joins 15 other certified business incubators and accelerators in the Dubai Business Incubator Network. Network incubators offer a variety of services, packages, and events that help entrepreneurs operate in a supportive environment, as well as specialized labs for innovators to design, develop, and test their prototypes before launching them as projects. DBIN also acts as a benchmark and catalyst for business incubation programs in the country, also motivating and supporting the private sector to invest in business incubators and accelerators.

Concept+ will enable entrepreneurs to adapt and reshape their strategy in the post-Covid phase and help them focus on sectors that have shown remarkable resilience during the pandemic, especially cutting-edge technologies essential to the digital transformation and the future economy. — [email protected]

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