Startups and entrepreneurs are supported with over AED 2.9 billion till now by In5 Business Incubator in Dubai.
In5, a business incubator that supports and empowers entrepreneurs and startups located in Dubai.
It has recently achieved a new milestone by recording a 20% growth in the total funding raised within the incubator.
This brings the total funding raised since the incubator’s launch to over AED 2.9 billion.
In fact this is cementing Dubai’s position as a leading global destination for investment and entrepreneurship.
120 new companies joined In5 incubator within 2023.
In5 saw a significant increase in the number of new startups in the first nine months of 2023.
Because 120 new companies have joined the incubator.
This brings the total number of startups supported by the incubator since its inception to over 850.
Approximately, one new startup is joining In5 every two days between January and September 2023.
This reflects In5’s strong commitment to supporting talent, entrepreneurship, and innovation in Dubai.
This announcement comes after In5’s participation in Expand North Star 2023.
Which is the world’s largest exhibition for startups and investors from October 15-18 at Dubai Harbour.
In5 is showcasing 16 startups from its ecosystem at Expand North Star 2023.
Speaking on behalf of In5, Majid Al Suwaidi, Deputy CEO of TECOM Group – Dubai Media City, said:
“Startups and entrepreneurs are the cornerstones of a thriving and sustainable economy.
Because they play a key role in shaping the future of the global economy.
And also in spreading a culture of innovation, and ensuring sustainable growth across all sectors and vital areas.”
He added: “We are committed to providing a supportive business environment for entrepreneurs.
In addition to providing them with the tools, resources, and elements they need.
So they can turn their innovative ideas and concepts into reality and successful commercial projects.
The achievements of In5 to date are a testament to its leading position in the region.
Also they reflect the trust of investors in the creativity and skills of innovators and entrepreneurs in Dubai.
Whose hard work is today contributing to shaping a bright future for the region and beyond.”
In5 has supported over 850 startups since its inception in 2013.
The incubator’s rich work environment reflects the culture of Dubai and its values of diversity and globalism.
Today, the incubator has more than 50 nationalities from around the world.
Including Canada, China, France, India, Russia, and the United Kingdom.
Startups are moving to relocate their global headquarters to Dubai.
Due to Dubai ability to attract companies from all over the world as a global destination for business and investment.
In5 is committed to providing startups with a supportive platform to expand their businesses in all fields.
Including technology, media, design, and science.
They can also access guidance and consulting services, and connect with investors.
In5 Science launched during the 10th anniversary of establishing In5.
In5 Science, an incubator that aims to support startups in the science sector.
In line with the objectives of Dubai’s economic agenda “D33”.
In5 also owns and operates a center to support businesses and innovation in the field of technology in Dubai Internet City.
In addition to another one to support media in Dubai Production City, and a center to support design in Dubai Design District.
The portfolio of TECOM Group does also include business and innovation support platforms.
Such as the new formula for shared workspaces D/Quarters and Go-Freelance platform, which supports independent creators.
As well as the axs digital platform for government and institutional services.
The portfolio of TECOM Group includes 10 specialized business complexes.
Including Dubai Internet City, Dubai Media City, Dubai Studio City and Dubai Production City.
In addition to Dubai Science Park, Dubai Knowledge Park, Dubai Global Academic City, Dubai Design District, and Dubai Industrial City.