Entrepreneurial Nation Phase 2

Entrepreneurial Nation Phase 2 launched

On Thursday, the Ministry of Economy launched the second phase of The Entrepreneurial Nation (Entrepreneurial Nation Phase 2) a comprehensive and unique national project to develop the UAE’s small and medium enterprises (SMEs) and the overall business environment nationwide.

Entrepreneurial Nation Phase 2 of the project builds on the largest public-private partnership of its kind and aims to develop tools to promote entrepreneurial culture and practices in the UAE. It also opens new channels for entrepreneurs to access more opportunities, enabling startups and SMEs to grow and expand their business from the UAE to various other global markets.

Further partnerships and collaborations will be established with a wide range of public and private sector partners, including incubators and funds, chambers of commerce, and well-known local and global companies and organizations, to achieve the objectives of the second phase.

The announcement was made at Gitex Global 2022 in the presence of Economy Minister Abdulla bin Touq Al Marri. Dr. Ahmad Belhoul Al Falasi, Minister of Education. Dr. Thani Al Zeyudi Minister of State for Foreign Trade. Minister of State for Youth Affairs Shama Al-Mazrui. Strategic partner of the program.

“Today marks the beginning of a new chapter in helping develop the UAE’s entrepreneurial ecosystem by launching the second phase of the Entrepreneurship National Project. It has become a key asset in the government’s efforts to provide the necessary growth tools in line with global best practices and contribute to increasing the country’s GDP growth,” said Bin Touq.

He said Phase 2 will be in line with the ongoing development of the UAE’s new economic model, in line with their enlightened leadership’s vision of being more sustainable, flexible, and innovative, and with the 50th anniversary of the UAE Centenary 2071.

Achievements of the first phase

Nearly a year into its first phase, The Entrepreneurial Nation Phase 2 is the largest partnership of its kind between governments, the country’s private sector, respected international organizations, and companies interested in entrepreneurship. has successfully forged a series of over 35 partnerships. These partners include MIT Enterprise Pan Arab Region, Microsoft, Google, Huawei, Cisco, UPS, Linkedin, Meta, e& Group, Amazon, Bizworld, Emirates Foundation for School Education, Hub71, and In5 to help entrepreneurs and startups. Platform, Khalifa Fund for Enterprise Development, Flat6Labs Accelerator, Department of Education and Knowledge in Abu Dhabi, Mohammed bin Rashid Establishment for SME Development, Emirates Development Bank, Dubai Future Foundation, Sharjah Entrepreneurship Center (Sheraa), Knowledge and Human Development Authority in Dubai We provide direct and indirect financial support among leading companies and platforms dedicated to developing entrepreneurs and small businesses, such as Potential Learning Platform, Skillza, and King & Spalding.

In its first phase, The Entrepreneurial Nation lays the foundation for a successful long-term partnership to support participants and help them expand globally with integrated skills and competitive edge. I was. This includes the launch of the UAE-India Startup Corridor to provide a common platform for SMEs. It includes full functionality and information for businesses in both countries, enabling knowledge sharing, joint program implementation, and skills development. To create investment opportunities that support the continued growth of start-ups in both countries.

A comprehensive national portal

On November 10, 2021, the Ministry of Economy launched Phase 1 of the Entrepreneurial Nation. It is a comprehensive national portal to radically transform the SME landscape in the country by instilling a culture of entrepreneurship in current and future generations. Furthermore, by providing all the success factors, we aim to empower entrepreneurs in the Emirates working across different economic sectors. These efforts are in line with the country’s vision for the corporate sector as key to establishing a new economic model and promoting its sustainability and competitiveness globally.

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Finally, the ScaleUp program is intended to help eligible companies scale into larger enterprises in the future. It also aims to promote the ability of these companies to succeed in foreign markets. The first phase of the program will launch five tracks, with a focus on supporting digital transformation, operational services, and expansion in international markets, and promoting marketing, export, financing, and business capabilities through the program. increase. These programs are ScaleUp Export, ScaleUp Digitize, ScaleUp Perform, ScaleUp Raise, and ScaleUp Expand.

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