The business startup system in Dubai has a strong foundation and now with the inclusion of incubators and accelerators supporting it has made the startup system even stronger. Develop your ideas to finalize your product and then expand it to the international market. Business incubator Dubai will provide you with all the knowledge and resources you need to start a proper business. It can help you navigate through the path you are entering.
What is business incubation?
Business incubation is a setup that supports the development and growth of new businesses. This is done mostly when a business is in its early stages. It provides entrepreneurs with a supportive environment to work in proper resources to work in like a working space, access to labs, etc. All of these factors help entrepreneurs and startups to overcome challenges and increase their success chances. These shared spaces are called incubators and they can be specialized and categorized into various industries which include technology, biotechnology, food, and many other wide range of businesses.
Benefits of business incubation are:
- Shared office spaces and facilities.
- Access to investments and funding opportunities.
- Getting valuable guidance from experienced experts.
- Opportunity to get along and work with other businesses and startups.
- You can get access to business training, workshops, and seminars.
- Proper support and guidance for business planning, operations, and marketing.
What is an Incubator?
A business incubator is a special place that provides a special boost for beginners or new businesses. They provide all the necessary and important assistance that an entrepreneur or new business owner would need to grow their business and start commercial activities.
On top of fulfilling all the business needs most incubators offer other common services and resources. These include access to fully furnished and well-equipped offices, mentorship programs, business education training, and community networking events. All business incubators follow a variety of processes as every new business has a large difference in their requirements. Incubators also provide services like seed funding, legal advice, corporate advice, meetups with investors, etc. With all of these resources present a startup shifts its focus to building a proper and strong base for its business and covering all the initial steps with a much lower cost in comparison with the traditional business setup. The majority of the business incubators in Dubai are established and operated by the government itself. A few of them are run by special organizations and renowned entrepreneurs.
Top Business Incubator Dubai
The following are the best business incubators in Dubai.
Area 2071
Area 2071 is considered one of the top incubators in Dubai and it is operating under the Dubai Future Foundation. This whole system is established and it is specialized to grow and boost the emerging talent to boost their business in Dubai. They offer their members access to a stunning group of entrepreneurs, strategic partners, and investors. They are also providing subsidized licensing fees. The members can conduct up to three business activities in the same category. If you want to register in Area 2071 you need to receive approval from the Dubai Future Foundation Program. They are allowing registered business owners to run their businesses with a three-year validity license in collaboration with the Dubai Development Authority.
In5
In5 business incubators Dubai was launched by TECOM and it focuses mainly on tech, design, and media. They support startups by establishing businesses, organizing networking events, and providing mentorship. They also provide access to workspaces, labs, and studios. Also offering investment opportunities they have become a well-known organization.
Good force Labs
The Good Force labs focus on providing solutions to support the development of important sectors which include education, finance, food and agriculture, etc. They encourage their entrepreneurs and support them in initiatives to bring good change in the global economy. They also have direct access to highly experienced mentors who are continuously raising awareness about social issues.
Faster Capital
Faster Capital in Dubai has an ideal incubation program it is ideal for helping founders build their Minimum Viable Product (MVP) and generate revenue. Faster Capital covers up to 50% in either developing MVP or expanding business.
DTEC (Dubai Technology Entrepreneur Center)
DTEC is known as the first-ever business incubator Dubai, DTEC falls under the supervision of the Dubai Silicon Oasis Authority. They offer access to co-working spaces and opportunities to get the attention of potential investors. Their incubator program has been a solid foundation for new businesses and start-ups and helped them reach new heights of success.
Intelak Hub
Intelak gives you proper mentorship along with a working space in any phase of your business. Started in 2016 it has been working effectively and helping new businesses, especially in the fields of aviation, technology, Education, traveling, and tourism.
Dubai Incubators
With numerous incubators already present and multiple new incubators emerging in Dubai entrepreneurs have multiple options to start their business in Dubai with less costs or investment as compared to the normal business setups. It is always a good move by the investors and owners to do proper market research and then choose the option that is considered or is best for their business. It is important to do market research because even if every incubator is offering multiple resources like access to labs, studios, direct contact with investors, guidance, mentorship, and more there is still a gap that every incubator cannot provide everything for that specific business. So while choosing an incubator make sure to choose the one that fits all your business needs and fulfills all your requirements.
Dubai is already on its path to becoming a global business hub for businesses and innovation. The Government of Dubai is trying to provide every kind of resource and facility that an entrepreneur needs to start a business and become a part of the booming economy of Dubai. The developing interests of entrepreneurs working in Dubai are a major reason for the success of business incubator Dubai.
Conclusion
Business Incubators are well currently one of the best things for starting your business. If you are having trouble finding the best business incubator Dubai, then Al-Riyady is here to help you solve this issue. With experts from every field, we will help you in finding the best incubator for your business.
