The Dubai Future Foundation has signed partnership agreements with a number of universities and academic institutions to activate the Dubai University Free Zones Strategy, as part of efforts to embody the visions of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, National and private universities to free economic and creative zones encourage students to innovate and entrepreneurship, through a range of initiatives and projects in cooperation with various government and private entities.
The signing ceremony was attended by Minister of State for Artificial Intelligence and Deputy Managing Director of the Dubai Future Foundation Omar Sultan Al Ulama, Secretary General of the Council of Ministers Abdullah Bin Touq, and Secretary General of the Executive Council of Dubai Abdullah Al Basti.
Dr. Louay Mohammed Belhoul, Director General of Dubai Government Legal Department, Khalfan Juma Belhoul, CEO of Dubai Future Foundation, CEO of TECOM Malik Al Malek Group, and a number of government officials and university presidents participated in the event.
During the event, the launch of the “University Incubator Program” was launched to accelerate the implementation of the Dubai Free University Zones Strategy in collaboration with government entities in the Emirate, universities, academic institutions and research bodies.
Zayed University, the Higher Colleges of Technology, Dubai University, Hamdan Bin Mohammed Smart University, the American University in Dubai and the College of Fashion and Design.
The university incubator program aims to develop an educational curriculum that enables university students to have entrepreneurial skills and focuses on best practices globally to encourage innovation. Participating universities will adopt, develop and include this program in their curricula, provide orientation support to students and upgrade their applied skills. Investment agencies and business incubators to support their ideas and projects.
The program offers students the opportunity to benefit from the facilities available at universities, common workspaces and incubators, as well as a package of incentives to start their projects.
The initiative contributes to provide an incubating and stimulating environment for innovation and entrepreneurship, and supports the use of modern technology in various vital and future sectors and prepare young people for the future through the development of entrepreneurial abilities through five main stages, including access to successful experiences, identify opportunities and areas of entrepreneurship, and the development of personal abilities and talent Promising, studying possible business opportunities, applying ideas and implementing projects.
The innovative curriculum will enable university students to learn about leading practices, understand business development and business models, analyze market needs to provide the products and services needed, enhance their marketing and business development skills, and learn practical steps to start their own business and enter the business world. Shortest time and lowest cost.
The University Incubator Program was developed in collaboration with the Dubai Future Foundation, Knowledge and Human Development Authority, Mohammed Bin Rashid Establishment for Small and Medium Enterprises (SMEs), TECOM and in5 to provide financing opportunities for entrepreneurs and facilitate business licenses to establish companies. In addition to the Department of Legal Affairs of the Government of Dubai, Dubai Government Media Office, District 2071, and Mohammed bin Rashid Innovation Fund.
"The Ministry is keen to support and enhance the innovation environment in the UAE through the Mohammed bin Rashid Innovation Fund initiative through partnerships and activating channels of joint cooperation with various bodies and institutions from the public and private sectors," said Finance Ministry Undersecretary Younis Haji Al Khouri.
The Secretary General of the Executive Council of the Emirate of Dubai Abdullah Al Basti said: “The Dubai Free University Zones Strategy has two axes: The first is to unleash the creativity and abilities of students by creating an environment conducive to the exercise of their creative and economic activities, thus contributing to enable them to play an active role in the development process of Dubai's development. The other focus is on transforming students' ideas into entrepreneurs and entrepreneurs, driving the future of Dubai's economic sectors. ”
“This project aims to pave the way for future generations to be pioneers and innovators in all sectors and fields, and there is no better place than the vibrant, youthful and vibrant environment provided by Dubai universities,” said Dr. Louay Mohammed Belhoul, Director General of Dubai Government Legal Affairs Department. It is keen to develop and facilitate trade, being the cornerstone of its success. This project promises greater success for our promising young entrepreneurs. ”
For her part, the Director General of the Dubai Government Media Office, Mona Ghanem Al Marri, praised the efforts of the Dubai Future Foundation to translate the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum towards the expected role of young people in enhancing and developing the economic capabilities of the country. Youth to productive energy has a significant presence on the economic map of the Emirate of Dubai through the transformation of national and private universities to free economic and creative zones, noting the role of universities in encouraging young people to engage in the areas of self-employment and unleash their creativity, to confirm the contribution of the campus in the C generations able to participate in nation-building capabilities of innovative thinking and funky.
“The launch of the Dubai Free University Zones Strategy was the first step in a promising process aimed at raising the level of youth participation and developing educational courses that will further integrate young people into innovation,” she said.
Launching “University Incubators” to develop students' entrepreneurship skills.
Encourage innovation and support university students to establish startups.