Dubai SME Launches Health Tech Incubator

Dubai SME Launches Health Tech Incubator

01 June 2021

The new business incubator “Ztarup”, located in Wafi Residences, is dedicated to healthcare technology including digital media, augmented and virtual reality, emergency, and safety technologies.

A new business incubator dedicated to healthcare technology has been launched by Dubai SME, the agency of Dubai Economy mandated to develop the Small and Medium Enterprise (SME) sector.

The new incubator, named ‘Ztartup”, is located in Wafi Residences and is dedicated to healthcare technology, including digital media and Augmented & Virtual Reality used in healthcare; digital emergency and safety technology.

The incubator will also help the entrepreneurs developing and improving smart phone applications for the healthcare, and fintech sectors.

Two specialized programs will be available at “Ztartup”; one for Business Incubation and the other, for Business Accelerators.

The Incubator will evaluate the enterprises and the skill of the entrepreneurs and help them choose the best programme for them to start and launch their businesses. It also offers several other services, including connecting entrepreneurs to a network of specialists and mentors to help develop their products and services as well as varied courses, training, workspaces, business start-up packages required in each phase of the project, and a number of specialised laboratories that help entrepreneurs to design prototypes for their projects.   

 Abdul Baset Al Janahi, CEO of Dubai SME, lauded the role of specialised business Incubators in supporting the economy and developing a new system tailored to the needs of the future. He stressed the importance of the private sector supporting entrepreneurs in line with its role as the engines of economic activity, as well as the need to adopt necessary policies to maintain enterprise growth and economic development.

"There should be balanced support from the public as well as private sectors to enhance the role of small and medium enterprises, create new market opportunities start-ups, open diverse financing channels for entrepreneurs with innovative ideas, and formulate systems and laws for crowdfunding. The private sector plays a major role in supporting start-ups through its community initiatives, which contributes to accelerating economic growth rate," Al Janahi said.

Al Janahi also emphasised the role of start-ups in generating wealth and employment in the UAE. "Start-ups in Dubai have won global attention due to the significant acquisitions that took place in recent years, furthering the role of Dubai as a knowledge centre and innovation hub in the region."

 

Mohamed Shafi, CEO and Founder of Ztartup, said, "Our aim is to develop a new ecosystem that supports tech entrepreneurs. The impact of this new system will be seen on future businesses, technical skills of entrepreneurs and overall economic growth in the UAE. Ztartup seeks to incorporate entrepreneurial initiatives into incubation programmes and business accelerators to ensure their success and sustainability. Ztartup will also connect them to experts who can assist them to advance their tech innovations."

Ztartup brings the number of business incubators certified by Dubai SME to 13. Dubai SME has also established a Business Incubator Network (DBIN) of accredited business incubators and accelerators, which will act as a reference and catalyst for business incubation programmes in the country.

 

The certified incubators offer a package of services, events and workspaces that support entrepreneurs in launching innovative projects and competing in the local as well as global markets. The accreditation programme is also aimed to motivate and support the private sector to invest in business incubators and accelerators.

 

Source

Latest News

26 September 2021

Cloud Kitchen Concepts Thrive in Dubai

The increase of online food delivery in the past two years, caused the growth of the “Cloud Kitchens” concept which is basically a space to cook, pack and deliver, with no dining space or front-facing staff. Many of Dubai restauranteurs focused on delivery to keep going through the pandemic as the Cloud Kitchen model can generate long-term profits with less wait time and cost.

28 July 2021

Dubai-Based Swvl, the 1st ME Unicorn to List on Nasdaq US

Founded in 2017 by Mostafa Kandil, Mahmoud Nouh, and Ahmed Sabbah, Swvl started as a bus-hailing service in Egypt, enabling users to travel within a city by booking seats on buses on fixed routes. It later expanded the service in Kenya and Pakistan and moved its headquarters to Dubai. Today Swvl is to finalize an agreement with a SPAC that makes it the first Middle East USD 1.5 billion Unicorn to list on Nasdaq US.

27 July 2021

Dubai Free Zones Council Explores Business Accelerator Initiatives and Startups Support

The Dubai Free Zones Council (DFZ Council) headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, discussed in its latest meeting the strategic initiatives that support Dubai-based startups and SMEs, to boost Dubai’s status as a preferred destination for foreign direct investment and innovation.

Questions, comments, or concerns?

We'd love to hear from you

icon 600500006