DUBAI, 21st February, 2024 (WAM) — TECOM Group’s incubator “in5” has reported remarkable growth in 2023, with funding raised by start-ups since its inception increasing by 25 percent during the year. This represents a testament to Dubai’s entrepreneurial credentials and robust investor confidence in the city’s pro-business environment.
Announced on the side-lines of the Step Conference 2024 held in Dubai on 21-22 February in strategic partnership with Dubai Internet City, the surge in funding, which reached AED 3 billion last year, is indicative of growing interest in the city’s homegrown enterprises, catalysed by government strategies to enhance Dubai’s position as a global innovation capital conducive to high potential enterprises.
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