PHOTO
Sharjah: A new partnership between Sharjah Entrepreneurship Center (Sheraa) and Sharjah FDI Office (Invest in Sharjah) is poised to take Sharjah’s ecosystem offerings to the next level. The entities have signed a Memorandum of Understanding (MoU), which paves the way for a series of strategic moves they will be jointly making to accelerate UAE’s post-Covid recovery.
The core objective of the newly formed partnership is to link the high-growth tech startups in Sheraa’s founder community to the emirate’s robust investor pool for collaboration in key, as well as new and emerging sectors.
The MoU, which officially declared Invest in Sharjah as Sheraa’s Strategic Partner, was signed by Najla Al Midfa, CEO of Sheraa, and Mohamed Juma Al Musharrkh, CEO, Invest in Sharjah, yesterday (Tuesday) at the Sharjah Investors Services Centre (Saeed) in Al Qasba. The partnership will establish targeted and joint mechanisms to support startups in the UAE and the region through greater access to market opportunities and venture capital.
As part of the understanding, Sheraa will join Invest in Sharjah’s local and international delegations to promote and attract tech startups to the thriving startup ecosystem in Sharjah. Invest in Sharjah will also offer Sheraa startups discounted Sharjah Investors Services Centre (Saeed) services and Entrepreneur Card benefits.
Elaborating on the agreement, Najla Al Midfa, CEO of Sheraa, said: “We are proud to officially welcome Invest in Sharjah as a Strategic Partner. Together, we will advance our shared vision of supporting the growth of innovative startups as well as establishing Sharjah as a leader on the global entrepreneurship stage.”
She continued: “This partnership builds on our series of initiatives and achievements over the last 5 years, graduating over a hundred startups in the UAE and the region, as well strengthening and elevating UAE’s entrepreneurial ecosystem to new heights. With Invest in Sharjah, we will provide our local and regional startups with a strong and promising investors network, as well as pave the way for startups to leverage the benefits of the Sharjah Investors Services Centre (Saeed), which specialises in providing comprehensive and integrated services to businesses and startups.”
Speaking about Invest in Sharjah’s role in supporting startups, the entity’s CEO, Mohamed Juma Al Musharrkh, said: “As an entity committed to driving Sharjah’s position as the preferred investment destination in MENA, Invest in Sharjah is proud to partner with Sheraa, who has been successfully developing a blueprint for nurturing successful startups in the region, paving the way for new promising investment opportunities for entrepreneurs in Sharjah.”
He added: “Our Strategic Partnership with Sheraa further reinforces Sharjah’s commitment to promoting fruitful partnerships that set the foundation for high-impact ventures and contribute to the growth of our economy. This collaboration will serve the best interests of entrepreneurs and foster an ecosystem that encourages their growth.”
Since its inception, Sheraa has successfully supported 114 startups that have gone on to generate over $125 million in revenue, raise over $74 million in investment and create over 1,300 jobs.
-Ends-
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
