Dubai Startup Hub's Startup Panorama Edition 8.0: Funding Your Startup In Dubai

A key contributor to the national economy, support for the ecosystem remains central to driving the nation's global competitiveness, increasing non-oil GDP and advancing economic diversification.

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An ambition to create, a maturing ecosystem, and a growing interest from investors, especially following the landmark exit of homegrown ride-hailing app Careem that was acquired by global giant Uber for $3.1 billion -the biggest ever tech deal for the Middle East– likely has every founder in Dubai dreaming big.

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But convincing an investor to write you a cheque for capital to launch or scale up your startup takes incredible tenacity. In the latest edition of Dubai Startup Hub’s Startup Panorama, Dubai-headquartered startups LoadMe and Transcorp International share lessons from their fundraising experiences, along with valuable tips from UAE-based investment platform VentureSouq and equity crowdfunding platform Eureeca to help entrepreneurs navigate their fundraising journey.

Also in the report: an infographic that rounds up some of the products and services startup-friendly banks across the Emirates have been introducing to empower entrepreneurs, small and medium enterprises (SMEs), and new startups, which represent more than 94% of the total number of companies operating in the UAE, and employ over 86% of the private sector workforce. A key contributor to the national economy, support for the ecosystem remains central to driving the nation’s global competitiveness, increasing non-oil GDP and advancing economic diversification.

To read/download a copy of this report, click here.

This article was originally published on Dubai Startup Hub and has been reposted on Entrepreneur Middle East based on a mutual agreement between the websites.

Related: Dubai Chamber Launches New Emirati Development Program For UAE Nationals

Megha Merani

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Megha Merani is an independent journalist with more than 10 years of newspaper, magazine and web reporting experience in the United Arab Emirates, writing hard news, investigative reports, features and opinion pieces. Her passion for storytelling coupled with a proven instinct for identifying talkgenerating issues has resulted in breaking stories and insightful features that have made local, regional and international headlines. Her work has been published across Thomson Reuters, Zawya, Bloomberg Middle East, Gulf News, former local daily 7DAYS, and government publications.