Dubai: Dubai Future Council for Entrepreneurship and Innovation Ecosystem, part of Dubai Future Councils, organized a meeting to discuss ways of involving the community in shaping an integrated network to support entrepreneurs and innovators in establishing their startups and launching new projects that significantly contribute to the country’s economic growth.

The meeting, held at AREA 2071 drew the participation of more than 150 government and private sector entities. In addition to members of the Council and representatives of entities of both sectors, attendees from international organizations, educational institutions, free zones, venture capitalist, and the investment sector keen to support the innovation ecosystem at the national and international levels also joined the meeting to share their views.

During the closed session, His Excellency Abdulla Bin Touq, Secretary General of the UAE Cabinet, presented several government initiatives aimed at creating an enabling environment for innovation, including the Regulations Lab that seeks to establish a robust legislative framework for developing, testing and implementing ideas of the future.

His Excellency Khalfan Belhoul, CEO of Dubai Future Foundation, said that the main mission of the Dubai Future Council for Entrepreneurship and Innovation Ecosystem is to provide a platform to study and design supportive mechanisms for innovators and entrepreneurs in Dubai and the wider UAE. Furthermore, the Council seeks to build national capacities and attract global talent to develop future industries, generate new ideas and launch innovative projects.

Belhoul pointed out that the contributions of the stakeholders of Dubai’s innovation ecosystem will help find quick and practical solutions to various challenges across vital sectors, support entrepreneurs, qualify national talent and provide better opportunities for startups.

The participants discussed several proposals to strengthen cooperation between the public and private sectors in translating the ideas of innovators into reality and encourage entrepreneurs to launch new projects that support the future economy model based on knowledge and innovation.

Seven Key Themes

Launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, the Dubai Future Council for Entrepreneurship and Innovation Ecosystem focuses on the implementation of seven key themes for this vital sector: supporting and financing innovative ideas and projects, highlighting success stories, promoting awareness about the importance of innovation and entrepreneurship, collaborating with government and private sector entities, investment programs and international funds, encouraging an entrepreneurial mindset among diverse segments of society, partnering with academic institutions to leverage the creative ideas of students and fresh graduates, and motivating the students to embrace entrepreneurship.

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