THE LEVANT – Dubai SME has launched a new hub to stimulate innovative entrepreneurial projects of the emirate’s youth.
Presented to the public at Dubai Mall’s Star Atrium, the Hamdan Innovation Incubator (H2I) was established under the patronage of HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince and Chairman of the Executive Council of Dubai.
The Deira-based hub will officially open its doors to aspiring entrepreneurs in Q4 of 2014.
Spreading over a 20,000 square-foot area in the Business Village in Deira, H2I will specifically focus on the early stage youth start-ups with a suite of services to help them identify and remove obstacles and maintain their focus.
Innovative projects incubated in the centre will be patented and clients will have access to a high quality infrastructure.
Asserting the importance of the initiative, Sheikh Hamdan said that H2I would allow innovative and enterprising youth to articulate their concept and then incubate, launch and grow it into a competitive business.
Dubai SME will build a diverse partnership network with various stakeholders including businesses, universities, technology companies and varied institutions.
His Excellency Sami Al Qamzi, director general of DED and deputy chairman and managing director of DMI, said: “We are thankful to His Highness Sheikh Hamdan for his vision and drive that help us to come with critical initiatives that help our youth develop their skills.
“H2I is the result of a great deal of hard work, which DED and its agencies put together. Dubai SME especially has made a remarkable addition to their entrepreneurship development efforts with H2I.”
Abdul Baset Al Janahi, CEO of Dubai SME, added: “”H2I will be an effective vehicle in channelling youth creativity and building an entrepreneurial talent capital in Dubai.
“We will work with higher education institutions to attract innovative youth talent and Dubai SME can even tailor our support to the specific needs of those institutions.”