A partnership has begun with the Mohammed bin Rashid Enterprise Development Foundation
District 2020, the innovation system and the future of Expo 2020, entered into a strategic partnership agreement with the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) and the Mohammed Bin Rashid Innovation Fund (MBRIF).
The District 2020, Innovation System and the future of Expo 2020, signed a strategic partnership agreement with the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) and the Mohammed Bin Rashid Innovation Fund (MBRIF), in support of the District 2020 World Program for Rowad Business "Skill 2 Dubai" - Dubai Launch Program.
In line with the proactive approach adopted by Dubai and the United Arab Emirates to support small and medium-sized companies and promote the flexible economy of the country in light of the "Covid-19" pandemic, the two institutions will bring together "District 2020" with a group of emerging and small companies with high potential, by assisting projects that achieve the required conditions To join the "Skill Dubai 2 Dubai" launch program, and then to provide it with the guidance, relationships and financing needed to continue its growth within the "Skill 2 Dubai" program.
Marjan Faraidooni, Chief Executive Suites and Exhibition Expo 2020 Dubai "These Agreements tasks with Mohammed Bin Rashid Establishment for theDevelopment ofSmall and Medium Enterprise Fund Mohammed Bin Rashid Innovation, will promote the growth ofenvironment companies emerging in the UAE, and will support thepower of theeconomy and its renaissance.
" Growing every day Our progress towards a more connected and connected future has accelerated, and new opportunities will be born out of the global challenges facing SMEs and emerging projects today.By joining forces with these two institutions, the Skill Dubai 2 program and the 2020 District system support a vital sector of the UAE economy, and complement the work of accelerators and other business incubators in the country.
Expo 2020 Dubai, which will be held from October 1, 2021 to March 31, 2022, will review the best models of cooperation, innovation and solidarity at the global level, and help revitalize the global economy by bringing together the brightest minds from different countries in order to find solutions to a group of the most pressing challenges in Our time.
District 2020, which aims to support the growth of different industries, will be developed during a transition period of nine months that will follow the international event, during which more than 80 percent of Expo 2020 facilities will be re-employed. The District 2020 will constitute a mixed-use community and an innovative system that will support Dubai's position as A pioneering center for innovation, the Expo 2020 march complements the stimulation of business opportunities, as well as supporting emerging, small and medium-sized companies, which are an integral part of the UAE economy.
These two partnerships represent an important step towards achieving the 'District 2020' vision as an innovation system, as they will enable startups and small companies to join the start-up program from Dubai Skyl2 Dubai, reach the District 2020 platform, and expand from them locally and internationally, in addition to granting these projects and companies Opportunities to communicate with a group of the largest institutions, access to finance, and other factors enabling growth.
His Excellency Abdul Basit Al Janahi, CEO of the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development, said in a comment on this partnership: “Since its inception in 2002, the Mohammed Bin Rashid Foundation for Small and Medium Enterprises Development has launched several programs and initiatives to support entrepreneurs and enhance the innovation system in the UAE. As an institution dedicated to supporting the creation and development of innovative startups, our vision is closely aligned with 'District 2020'.
He added: "We will nominate innovative national projects from the members of the 'Hamdan Innovation and Creativity', and from the various countries participating in the 'Attract Innovation Program', in order to strengthen the 'District 2020' as a platform for emerging projects to grow regionally and enter international markets."
The Mohammed Bin Rashid Innovation Fund initiative, launched by the Ministry of Finance in 2016, was designed to support innovation in the United Arab Emirates, and to enhance the growth capabilities of emerging innovative projects that now outline the future of the country's economy.
"We are fully aware of the importance of the impact of startups and small businesses on stimulating innovation in any economy," said Fatima Yusuf Al Naqbi, Chief Executive Officer of Innovation in the Ministry of Finance. Startups and small businesses, both domestic and international, that are seeking growth in an extremely difficult and competitive economic environment. Joining an innovation system such as 'District 2020' will stimulate the progress of these companies, encourage innovation based on cooperation between different sectors, and increase competition in the economy as a whole