In a move aimed at invigorating the UAE’s burgeoning startup landscape, iAccel Gulf Business Incubator (iAccel GBI) has formalised a strategic collaboration with the National Incubator Network (NIN), established by Sandooq Al Watan. The memorandum of understanding (MoU) was signed during the NIN Employment Open Day in Abu Dhabi, signalling a collective commitment to nurturing young Emirati entrepreneurs and driving economic diversification on a national scale.
The event, graced by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, underscored the pivotal role of innovation and entrepreneurship in empowering the youth. Sheikh Nahyan emphasised the significance of fostering an environment conducive to youth-led initiatives and entrepreneurial ventures across various sectors.
Deepak Ahuja, CEO and Co-Founder of iAccel Gulf Business Incubator, expressed gratitude for the partnership, highlighting the alignment between iAccel GBI’s objectives and the UAE government’s vision for fostering innovation. Ahuja emphasised the pivotal role of collaboration in shaping the UAE’s startup ecosystem, offering comprehensive support to startups seeking to establish a presence in the UAE.
The Employment Open Day witnessed the signing of collaboration agreements between NIN and various incubators in the UAE, marking the official launch of the national network of business incubators. The event, attended by dignitaries, Emirati businessmen, investors, and aspiring entrepreneurs, showcased the accomplishments and success stories of the UAE’s youth.
Under the strategic agreement, iAccel GBI commits to fostering economic development by enhancing business practices, promoting competitiveness, and supporting the growth of small and medium enterprises (SMEs). The collaboration aims to attract investments, stimulate research and innovation, and empower Emiratis in the private sector. Furthermore, the partnership seeks to invest in community projects for the collective benefit of society and the economy, thereby strengthening the nation’s identity and fostering innovation.
Founded in 2023 under the Hamdan Incubation Programme, iAccel GBI has provided vital support to over 11 tech startups through funding, mentorship, and resource allocation. Through this partnership, iAccel GBI is poised to collaborate with key stakeholders, including government entities and educational institutions, to bolster the UAE’s entrepreneurial ecosystem and position it as a global hub for expansion and innovation.