Dubai is now being seen as a launch pad of any international startup. Its has become a leading investor in startups with a system that is seen to be progressive. The focus stays on tech startups, but there are other vertical industries such as clean energy, transportation, hospitality, and health care that are also highlighted. According to Kushal Shah the co-founder of DAI or Dubai Angel Investors (DAI) and an IC member of MEVP which is the largest venture capital in the region thinks that the startup climate is expected to grow exponentially in the next five years.
Shah who is a Cambridge University economics graduate said that Dubai is attracting startup investors who want to conduct a company setup in Dubai because of its expansive investments and support channels. It has a technology system that serves as a launch pad for startups and it is also a great regional and global strategic base. It has become a magnet for startups because of the many advantages and benefits that the place can offer such as ease in starting a business, more access to funding multiple accelerator/incubator programs. You can easily find the early seed and pre-growth funds. The Gulf Country is also offering local, free zone, federal, and regulatory support programs. These include the Dubai Startup Hub by the Dubai Chamber of Commerce and Industry and the Dubai Future Accelerators Programs.
The Digitech business community of Dubai is not restricted to the public sector. Currently, there are 80 startups that continue building innovative technologies. The private sector has also weighed in all of these. According to Shah, Dubai Angel Investors allow for pitch events, incubator collaborations, and the extensive scouting opportunities help the UAE to increase its opportunities and possibilities. Most of the people who make up the DAI are senior management executives and seasoned investors. The members of DAI don’t come up with individual investment decisions. DAI is one of the few angel investing groups that enables its members to fully participate in its many activities. The activities of DAI allow for many opportunities due to the many conferences and events that attract international startups. Examples of these activities are the annual STEP conference and the ArabNet Digital Summit.
Dubai also has the kind of lifestyle that serves as a soft sell of entrepreneurs. A weekend in Dubai is always amazing which enables the East to meet the West. Whether it is tourism or entertainment, Dubai always has something to offer. It serves as a haven for those entrepreneurs who like to have a more balanced life.