Dubai SME, adds BITS Pilani Campus to its expanding network of certified business incubators

The institute joins the Dubai Business Incubator Network (DBIN) through its partnership with Dubai SME

  
L to R - Abdelaziz Al Maazmi; H.E. Dr. Aman Puri, Consul General of India, Dubai; Dilip Chenoy, Secretary General, FICCI; Prof. Srinivasan Madapusi, Director, BITS Pilani Dubai Campus; H.E. Abdelbaset Al Janahi, CE

L to R - Abdelaziz Al Maazmi; H.E. Dr. Aman Puri, Consul General of India, Dubai; Dilip Chenoy, Secretary General, FICCI; Prof. Srinivasan Madapusi, Director, BITS Pilani Dubai Campus; H.E. Abdelbaset Al Janahi, CE

Dubai, UAE : The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, one of Dubai's economic institutions, announced today that BITS Pilani Dubai Campus has joined the list of accredited business incubators in free zones.

In a statement, the Foundation stated that the students' joining the business incubator provides an opportunity to transform their ideas and inventions into successful companies in various economic sectors and enhance their abilities in creative and innovative thinking at an early age.

Students registered in the business incubator will be able to benefit from the Dubai Next platform, which is the first integrated digital platform for young people and people with creative and ambitious ideas of different nationalities in Dubai, with the aim of presenting their ideas to attract the necessary capital to start implementing them from Dubai based on the concept of crowdfunding.

Abdul Baset Al Janahi, Executive Director of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, said: "The Foundation assumed the responsibility of leading innovation and entrepreneurship in the Emirate of Dubai. It developed well-studied strategies to support the entrepreneurship journey over the years and worked to promote creative thinking methods to come up with innovative products that solve real problems. or ideas for entrepreneurial projects.  

It is noteworthy that the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development is supervising the Dubai Network of Business Incubators, so that the Corporation oversees the implementation of projects, initiatives and ideas that are launched within the framework of the network, in addition to developing policies and operational plans and studying proposals and opportunities for the network to support entrepreneurs Business in the emirate, and cooperation with government and private agencies and educational institutions to supervise the launch of startups.

“We are proud to be partners with BITS Pilani Dubai in supporting ambitious talents. Co-operation between government agencies and academic institutions is vital to moulding entrepreneurial talent in accordance with the global best practices in nurturing innovation,” added Al Janahi.

Prof. Srinivasan Madapusi, Director, BITS PIlani Dubai Campus emphasized on the role of Universities to make students market ready by providing hands on training in technical as well as non-technical skills. He said, “Entrepreneurial skills are gaining importance not only for those who are interested in start-ups, but also in the corporate and industry sectors.  BITS Pilani with its vibrant entrepreneurial ecosystem works in line with the vision of the UAE government to encourage innovation and start-ups”.  He further added, “BITS Pilani alumni have been at the forefront in wealth creation through start-ups.  Today our entrepreneurial ecosystem is taking a leap forward by joining the Dubai Business Incubator Network (DBIN) through our partnership with Dubai SME as a certified business incubator. This partnership will transform the university into an entrepreneurial hub by supporting students with access to mentors, business experts and legal advisors, thereby creating new opportunities for our student entrepreneurs to make significant contributions to the intellectual capital and wealth of Dubai and the UAE”.

The inaugural ceremony was graced by the presence of H.E. Dr. Aman Puri, Consul General India, Dubai, Mr. Dilip Chenoy, Secretary General, FICCI and Mr. Merzi Sodawaterwala, Chairman, World Sustainability Business Forum (WSBF and Founder, International Federation of Indo-Israel Chambers of Commerce (IFIICC). BITS Pilani on the same day announced its partnership with World Sustainability Business Forum for jointly working in sustainability and with the International Federation of Indo-Israel Chambers of commerce (IFIICC) to enable multilateral collaboration between the UAE, India and Israel.

Established in 2000, more than 5,000 students have graduated from BITS Pilani Dubai Campus and are either working in leading global firms such as, Microsoft, Oracle, Siemens, L&T, Emirates, Honeywell, Petrofac and Schlumberger, or pursuing post-graduation across premier universities, including Harvard, Stanford, MIT, Cornell, Monash, and the National University of Singapore. Alumni of BITS Pilani Dubai Campus have also excelled as entrepreneurs with more than 20 startups to their credit this year.

The establishment of the Business Incubator aims to encourage tech start-ups and transform the university into an entrepreneurial hub, which aligns with the sixth article of the Fifty-Year Charter of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai to transform Universities into free economic and creative zones.

Send us your press releases to pressrelease.zawya@refinitiv.com

© 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.


More From Press Releases