DSO to back Islamic economy start-ups
DUBAI, September 2, 2014
Dubai Silicon Oasis Authority (DSOA), the regulatory body the integrated free zone technology park, has announced its plans to provide support to start-ups and seed ventures engaged in the Islamic Economy domain.
The announcement is in line with DSOA’s commitment to support Dubai's ‘Capital of Islamic Economy’ initiative launched by HH Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai.
The DSOA will provide support through the Dubai Technology Entrepreneurship Centre (DTEC), the largest such facility in the region.
Set to be operational by Q1 2015, DTEC will provide start-ups that offer solutions built around the requirements of an Islamic economy, particularly initiatives that focus on digital and online Arabic content, a nurturing business environment across an area of 3,600 sq m.
In addition to providing logistical support, seed money and relevant incentives, DSO will engage the support of its partners including international technology companies to host global events, road-shows and networking platforms towards marketing Dubai as the platform of choice for Arabic content creation and online solutions.
Dr Mohammed Alzarooni, vice chairman and chief executive officer of DSOA, said: “DSO will utilise the DTEC as an effective hub in nurturing start-ups that are focused on developing Islamic products and solutions. We are confident the centre will become a knowledge resource for education and research that form the fundamental pillars of an Islamic economy. Such government-led initiatives will help set the stage for innovation-led investments that will in turn drive the growth of entrepreneurship in the UAE." – TradeArabia News Service