Response to the "Dubai Future District" project
"Dubai International Financial" launches an "innovation license" to support entrepreneurship
The Dubai International Financial Center announced the launch of a new "innovation license" for startups, entrepreneurs and companies specializing in the technology sector.
He stated in a statement issued today that the launch of the new license comes in response to the launch of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the "Dubai Future District" project in January 2020, which is what the "innovation license" seeks to achieve Attracting companies from new sectors to the financial center, and benefiting from this qualitative initiative.
Innovation license
The “innovation license” aims to support creativity, innovation and entrepreneurship in the region, and will open the way for entrepreneurs to enhance and expand the scope of their businesses, taking advantage of the independent legal and regulatory framework of the DIFC, based on English law, global intellectual property rights, and a data protection system. .
"Dubai International Financial" affirmed that it continues to lead the efforts made in the Middle East, Africa, and South Asia region, to secure an environment that provides all the ingredients to enable innovation companies to contribute to the development of the financial services and technology sector, pointing out that companies obtaining the new "innovation license" will join the More than 200 technology companies are presently based in the largest free zone, which works alongside more than 2,500 companies and more than 25,000 employees.
Business establishment
The CEO of Business Development at the DIFC Authority, Salman Jeffrey, said: “The new innovation license provides the DIFC with an important starting point for entrepreneurs, which may open the way for them to establish their business and launch it towards more successful horizons, within the independent framework of one One of the world's leading financial centers, thus enabling them to contribute to the economy in the future.
He added, "The new license is an addition to the list of licenses provided by the financial center, and we hope that it will contribute to attracting emerging companies in the technology sector to bring about a positive transformation in the technology and financial services sector."
He stressed that these companies will play an important role in shaping the features of the future economy of Dubai, the UAE and the region, welcoming the new companies in the "Dubai International Financial" to become an essential part of the "Dubai Future District".